Regional Management (NYSE:RM) Stock Passes Above Two Hundred Day Moving Average of $25.74

Regional Management Corp. (NYSE:RM) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $25.74 and traded as high as $27.30. Regional Management shares last traded at $27.24, with a volume of 9,840 shares.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on RM shares. BTIG Research started coverage on Regional Management in a research note on Friday, June 7th. They issued a “neutral” rating on the stock. Keefe, Bruyette & Woods upped their price objective on Regional Management from $26.00 to $28.00 and gave the company a “market perform” rating in a research note on Friday, May 3rd. Finally, StockNews.com upgraded Regional Management from a “buy” rating to a “strong-buy” rating in a research note on Thursday, May 2nd.

Regional Management Trading Up 0.1 %

The stock has a market cap of $274.91 million, a P/E ratio of 12.08 and a beta of 1.51. The firm’s fifty day moving average price is $28.10 and its two-hundred day moving average price is $25.76. The company has a debt-to-equity ratio of 4.03, a current ratio of 54.90 and a quick ratio of 54.90.

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

Regional Management Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 12th. Shareholders of record on Wednesday, May 22nd were given a dividend of $0.30 per share. The ex-dividend date was Tuesday, May 21st. This represents a $1.20 annualized dividend and a yield of 4.32%. Regional Management’s payout ratio is 52.17%.

Insider Buying and Selling at Regional Management

In other news, Director Basswood Capital Management, L bought 8,091 shares of the company’s stock in a transaction dated Monday, May 6th. The stock was bought at an average cost of $30.04 per share, for a total transaction of $243,053.64. Following the completion of the acquisition, the director now owns 478,892 shares in the company, valued at approximately $14,385,915.68. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 10.50% of the company’s stock.

Institutional Trading of Regional Management

Institutional investors and hedge funds have recently bought and sold shares of the stock. BNP Paribas Financial Markets lifted its holdings in 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 worth $96,000 after buying an additional 1,383 shares during the period. SG Americas Securities LLC bought a new position in shares of Regional Management during the fourth quarter valued at approximately $102,000. EMC Capital Management increased its stake in shares of Regional Management by 8.1% during 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 in the last quarter. Quadrature Capital Ltd increased its stake in shares of Regional Management by 7.5% during 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 in the last quarter. Finally, Summit Global Investments increased its stake in shares of Regional Management by 29.1% during the fourth quarter. Summit Global Investments now owns 27,955 shares of the credit services provider’s stock valued at $701,000 after purchasing an additional 6,298 shares in the last quarter. 98.89% of the stock is currently owned by hedge funds and other 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.