StockNews.com Lowers Regional Management (NYSE:RM) to Buy

StockNews.com cut shares of Regional Management (NYSE:RM) from a strong-buy rating to a buy rating in a research report report published on Monday morning.

Separately, Stephens restated an equal weight rating and set a $30.00 price target on shares of Regional Management in a research report on Thursday, February 8th.

Regional Management Stock Up 1.5 %

RM stock opened at $24.20 on Monday. The stock has a market capitalization of $236.19 million, a P/E ratio of 14.76 and a beta of 1.47. The firm has a 50-day simple moving average of $23.80 and a 200-day simple moving average of $24.50. The company has a quick ratio of 41.16, a current ratio of 41.17 and a debt-to-equity ratio of 4.33. Regional Management has a 52 week low of $20.50 and a 52 week high of $34.60.

Regional Management (NYSE:RM) last released its earnings results on Wednesday, February 7th. The credit services provider reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.17. The business had revenue of $141.66 million during the quarter, compared to analysts’ expectations of $140.68 million. Regional Management had a net margin of 2.89% and a return on equity of 8.85%. Equities analysts forecast that Regional Management will post 4.07 earnings per share for the current fiscal year.

Regional Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 14th. Stockholders of record on Thursday, February 22nd were issued a $0.30 dividend. The ex-dividend date was Wednesday, February 21st. This represents a $1.20 annualized dividend and a dividend yield of 4.96%. Regional Management’s dividend payout ratio is currently 73.17%.

Insider Transactions at Regional Management

In other Regional Management news, Director Basswood Capital Management, L bought 4,287 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The shares were purchased at an average cost of $22.99 per share, with a total value of $98,558.13. Following the purchase, the director now directly owns 470,895 shares in the company, valued at $10,825,876.05. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 9.80% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Forager Capital Management LLC lifted its stake in shares of Regional Management by 0.9% in the 2nd quarter. Forager Capital Management LLC now owns 1,176,621 shares of the credit services provider’s stock worth $35,887,000 after acquiring an additional 10,000 shares during the period. BlackRock Inc. lifted its stake in shares of Regional Management by 5.4% in the 2nd quarter. BlackRock Inc. now owns 1,106,176 shares of the credit services provider’s stock worth $33,738,000 after acquiring an additional 56,424 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Regional Management by 1.7% in the first quarter. Dimensional Fund Advisors LP now owns 776,815 shares of the credit services provider’s stock valued at $20,267,000 after purchasing an additional 13,304 shares during the period. Vanguard Group Inc. lifted its stake in shares of Regional Management by 3.6% in the third quarter. Vanguard Group Inc. now owns 441,388 shares of the credit services provider’s stock valued at $12,377,000 after purchasing an additional 15,161 shares during the period. Finally, Goldman Sachs Group Inc. lifted its stake in shares of Regional Management by 7.1% in the first quarter. Goldman Sachs Group Inc. now owns 161,199 shares of the credit services provider’s stock valued at $7,829,000 after purchasing an additional 10,634 shares during the period. 98.89% of the stock is owned by hedge funds and other institutional investors.

Regional Management Company Profile

Regional Management Corp., a diversified consumer finance company, engages in the provision of 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 secured by non-essential household goods and/or vehicles; and retail loans to finance the purchase of furniture, appliances, and other retail products.