Regional Management (NYSE:RM) Stock Price Crosses Above Two Hundred Day Moving Average of $25.67

Regional Management Corp. (NYSE:RM)’s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $25.67 and traded as high as $29.09. Regional Management shares last traded at $28.50, with a volume of 10,551 shares trading hands.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on RM. Keefe, Bruyette & Woods lifted their price target on shares of Regional Management from $26.00 to $28.00 and gave the company a “market perform” rating in a report on Friday, May 3rd. StockNews.com raised shares of Regional Management from a “buy” rating to a “strong-buy” rating in a report on Thursday, May 2nd. Finally, BTIG Research began coverage on shares of Regional Management in a report on Friday, June 7th. They set a “neutral” rating for the company.

Regional Management Stock Performance

The stock has a market cap of $280.96 million, a price-to-earnings ratio of 12.34 and a beta of 1.51. The stock’s fifty day moving average is $27.94 and its 200-day moving average is $25.69. The company has a quick ratio of 54.90, a current ratio of 54.90 and a debt-to-equity ratio of 4.03.

Regional Management (NYSE:RM) last released its quarterly earnings results on Wednesday, May 1st. The credit services provider reported $1.56 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.69. The company had revenue of $144.31 million during the quarter, compared to analysts’ expectations of $140.02 million. Regional Management had a net margin of 4.01% and a return on equity of 10.70%. During the same quarter in the prior year, the company earned $0.90 earnings per share. On average, analysts forecast that Regional Management Corp. will post 4.22 EPS for the current year.

Regional Management Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 12th. Stockholders of record on Wednesday, May 22nd were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.23%. The ex-dividend date of this dividend was Tuesday, May 21st. Regional Management’s dividend payout ratio is presently 52.17%.

Insider Transactions at Regional Management

In other Regional Management news, Director Basswood Capital Management, L acquired 8,091 shares of the business’s stock in a transaction dated Monday, May 6th. The shares were acquired at an average price of $30.04 per share, with a total value of $243,053.64. Following the completion of the transaction, the director now directly owns 478,892 shares in the company, valued at approximately $14,385,915.68. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 10.50% of the stock is currently owned by insiders.

Institutional Trading of Regional Management

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. EMC Capital Management raised its position in shares of Regional Management by 8.1% in the first quarter. EMC Capital Management now owns 6,100 shares of the credit services provider’s stock valued at $148,000 after purchasing an additional 459 shares during the period. Vanguard Group Inc. raised its position in shares of Regional Management by 3.1% in the first quarter. Vanguard Group Inc. now owns 443,851 shares of the credit services provider’s stock valued at $10,746,000 after purchasing an additional 13,414 shares during the period. Empowered Funds LLC raised its position in shares of Regional Management by 8.1% in the first quarter. Empowered Funds LLC now owns 36,939 shares of the credit services provider’s stock valued at $894,000 after purchasing an additional 2,767 shares during the period. BNP Paribas Financial Markets raised its position in shares of Regional Management by 53.4% in the first quarter. BNP Paribas Financial Markets now owns 3,974 shares of the credit services provider’s stock valued at $96,000 after purchasing an additional 1,383 shares during the period. Finally, Quadrature Capital Ltd raised its position in shares of Regional Management by 7.5% in the fourth quarter. Quadrature Capital Ltd now owns 13,634 shares of the credit services provider’s stock valued at $340,000 after purchasing an additional 957 shares during the period. 98.89% of the stock is owned by institutional investors.

About Regional Management

Regional Management Corp., a diversified consumer finance company, provides various installment loan products primarily to customers with limited access to consumer credit from banks, thrifts, credit card companies, and other lenders in the United States. It offers small and large installment loans; and retail loans to finance the purchase of furniture, appliances, and other retail products.