Regional Management (NYSE:RM) Director Sandra Johnson Sells 1,000 Shares of Stock

Regional Management Corp. (NYSE:RM) Director Sandra Johnson sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $36.00, for a total transaction of $36,000.00. Following the completion of the transaction, the director owned 21,933 shares of the company’s stock, valued at approximately $789,588. This trade represents a 4.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Regional Management Stock Up 0.5%

Shares of NYSE RM opened at $36.56 on Thursday. The company has a 50 day simple moving average of $35.25 and a 200 day simple moving average of $36.19. The firm has a market cap of $336.63 million, a PE ratio of 7.42 and a beta of 1.04. Regional Management Corp. has a 1 year low of $26.06 and a 1 year high of $46.00. The company has a debt-to-equity ratio of 4.30, a current ratio of 59.88 and a quick ratio of 59.88.

Regional Management (NYSE:RM) last issued its quarterly earnings data on Wednesday, April 29th. The credit services provider reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.20. The business had revenue of $167.29 million during the quarter, compared to analyst estimates of $161.55 million. Regional Management had a net margin of 7.40% and a return on equity of 13.16%.

Regional Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Wednesday, May 20th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date is Wednesday, May 20th. Regional Management’s dividend payout ratio (DPR) is 24.34%.

Institutional Trading of Regional Management

Large investors have recently modified their holdings of the stock. State of Alaska Department of Revenue acquired a new stake in shares of Regional Management during the 4th quarter worth approximately $25,000. Wexford Capital LP acquired a new stake in shares of Regional Management during the 3rd quarter worth approximately $32,000. Advisory Services Network LLC acquired a new stake in shares of Regional Management during the 3rd quarter worth approximately $39,000. Kestra Advisory Services LLC acquired a new stake in shares of Regional Management during the 4th quarter worth approximately $49,000. Finally, BNP Paribas Financial Markets grew its position in Regional Management by 45.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,077 shares of the credit services provider’s stock valued at $81,000 after purchasing an additional 648 shares during the period. Institutional investors and hedge funds own 98.89% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on RM shares. Citigroup upgraded shares of Regional Management to an “outperform” rating in a report on Thursday, May 21st. Wall Street Zen lowered shares of Regional Management from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 7th. Citizens Jmp upgraded shares of Regional Management from a “market perform” rating to an “outperform” rating and set a $45.00 price objective for the company in a report on Thursday, May 21st. Finally, Weiss Ratings lowered shares of Regional Management from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, May 21st. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Regional Management has a consensus rating of “Moderate Buy” and a consensus target price of $45.00.

About Regional Management

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.