Steven Barnette Sells 1,640 Shares of Regional Management (NYSE:RM) Stock

Regional Management Corp. (NYSE:RM) CAO Steven Barnette sold 1,640 shares of Regional Management stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $37.00, for a total transaction of $60,680.00. Following the sale, the chief accounting officer owned 21,338 shares in the company, valued at $789,506. This represents a 7.14% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Regional Management Price Performance

RM traded up $0.58 during trading hours on Tuesday, reaching $37.46. 87,966 shares of the stock traded hands, compared to its average volume of 46,749. Regional Management Corp. has a fifty-two week low of $25.41 and a fifty-two week high of $46.00. The company has a market cap of $363.86 million, a price-to-earnings ratio of 10.80 and a beta of 1.25. The firm’s fifty day simple moving average is $39.57 and its two-hundred day simple moving average is $35.41.

Regional Management (NYSE:RM) last issued its quarterly earnings data on Wednesday, November 5th. The credit services provider reported $1.42 EPS for the quarter, topping analysts’ consensus estimates of $1.39 by $0.03. The firm had revenue of $165.49 million for the quarter, compared to analyst estimates of $162.84 million. Regional Management had a net margin of 5.68% and a return on equity of 10.91%. On average, research analysts predict that Regional Management Corp. will post 4.7 earnings per share for the current year.

Regional Management Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 16th. Investors of record on Tuesday, November 25th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, November 25th. This represents a $1.20 dividend on an annualized basis and a yield of 3.2%. Regional Management’s dividend payout ratio is currently 29.06%.

Analysts Set New Price Targets

RM has been the topic of a number of recent analyst reports. Zacks Research lowered Regional Management from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 6th. Wall Street Zen downgraded shares of Regional Management from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Regional Management in a research report on Monday. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Reduce” and an average target price of $30.00.

Hedge Funds Weigh In On Regional Management

Several large investors have recently added to or reduced their stakes in RM. Forager Capital Management LLC boosted its holdings in Regional Management by 20.7% in the second quarter. Forager Capital Management LLC now owns 1,085,098 shares of the credit services provider’s stock worth $31,696,000 after purchasing an additional 186,072 shares during the period. Basswood Capital Management L.L.C. lifted its position in shares of Regional Management by 0.4% in the 2nd quarter. Basswood Capital Management L.L.C. now owns 1,024,310 shares of the credit services provider’s stock worth $29,920,000 after buying an additional 4,491 shares during the last quarter. Tieton Capital Management LLC boosted its holdings in shares of Regional Management by 18.6% in the 2nd quarter. Tieton Capital Management LLC now owns 295,081 shares of the credit services provider’s stock valued at $8,619,000 after buying an additional 46,380 shares during the period. Geode Capital Management LLC grew its position in shares of Regional Management by 6.4% during the 2nd quarter. Geode Capital Management LLC now owns 211,734 shares of the credit services provider’s stock valued at $6,186,000 after buying an additional 12,740 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its position in shares of Regional Management by 45.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 194,374 shares of the credit services provider’s stock valued at $5,853,000 after buying an additional 60,744 shares during the last quarter. 98.89% of the stock is currently owned by institutional investors.

Regional Management Company Profile

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.