Lakhbir Lamba Buys 6,500 Shares of Regional Management (NYSE:RM) Stock

Regional Management Corp. (NYSE:RM) CEO Lakhbir Lamba purchased 6,500 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The stock was acquired at an average cost of $31.59 per share, with a total value of $205,335.00. Following the completion of the acquisition, the chief executive officer directly owned 52,234 shares in the company, valued at approximately $1,650,072.06. This trade represents a 14.21% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Regional Management Price Performance

Shares of NYSE:RM opened at $33.52 on Friday. The company has a market cap of $309.34 million, a PE ratio of 7.06 and a beta of 1.02. Regional Management Corp. has a fifty-two week low of $30.46 and a fifty-two week high of $46.00. The firm has a 50-day simple moving average of $38.51 and a 200 day simple moving average of $36.17. The company has a quick ratio of 64.04, a current ratio of 64.04 and a debt-to-equity ratio of 4.41.

Regional Management (NYSE:RM) last issued its earnings results on Wednesday, July 29th. The credit services provider reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.04. The firm had revenue of $168.01 million for the quarter, compared to analysts’ expectations of $165.69 million. Regional Management had a net margin of 6.98% and a return on equity of 12.49%.

Regional Management Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Wednesday, August 19th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $1.20 annualized dividend and a dividend yield of 3.6%. Regional Management’s dividend payout ratio (DPR) is 25.26%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on RM shares. Wall Street Zen downgraded Regional Management from a “buy” rating to a “hold” rating in a research note on Sunday, August 9th. Citizens Jmp cut their target price on Regional Management from $45.00 to $43.00 and set a “market outperform” rating on the stock in a research note on Thursday, July 30th. Citigroup reissued a “market outperform” rating on shares of Regional Management in a report on Thursday, July 30th. Finally, Weiss Ratings lowered shares of Regional Management from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, August 7th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Regional Management has an average rating of “Moderate Buy” and a consensus price target of $43.00.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in RM. Russell Investments Group Ltd. grew its stake in shares of Regional Management by 9.9% in the fourth quarter. Russell Investments Group Ltd. now owns 3,876 shares of the credit services provider’s stock worth $150,000 after purchasing an additional 350 shares in the last quarter. Royal Bank of Canada raised its stake in shares of Regional Management by 2.4% during the first quarter. Royal Bank of Canada now owns 16,200 shares of the credit services provider’s stock valued at $487,000 after purchasing an additional 375 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Regional Management by 9.7% during the second quarter. JPMorgan Chase & Co. now owns 4,824 shares of the credit services provider’s stock valued at $141,000 after purchasing an additional 425 shares in the last quarter. First Trust Advisors LP lifted its holdings in Regional Management by 1.6% in the fourth quarter. First Trust Advisors LP now owns 28,006 shares of the credit services provider’s stock worth $1,085,000 after purchasing an additional 436 shares during the period. Finally, Janney Montgomery Scott LLC lifted its holdings in Regional Management by 2.8% in the first quarter. Janney Montgomery Scott LLC now owns 17,464 shares of the credit services provider’s stock worth $563,000 after purchasing an additional 473 shares during the period. Institutional investors and hedge funds own 98.89% of the company’s stock.

Regional Management Company Profile

Regional Management Corp., headquartered in Wilmington, North Carolina, is a consumer finance company specializing in installment loan products for underbanked individuals. Since its founding in 1977, the company has developed a network of field-based branches alongside a digital platform to offer credit solutions in rural and small-town markets across the United States.

The company’s core offerings include consumer installment loans for everyday purchases, auto refinancing and lease buyouts, as well as ancillary services such as insurance referrals.