Regional Management (NYSE:RM) SVP Catherine Atwood Sells 2,600 Shares of Stock

Regional Management Corp. (NYSE:RM) SVP Catherine Atwood sold 2,600 shares of the business’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $35.02, for a total transaction of $91,052.00. Following the sale, the senior vice president directly owned 43,942 shares in the company, valued at approximately $1,538,848.84. The trade was a 5.59% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Regional Management Stock Performance

Shares of RM opened at $35.04 on Thursday. The stock has a fifty day moving average of $37.87 and a 200-day moving average of $38.87. Regional Management Corp. has a 52 week low of $25.41 and a 52 week high of $46.00. The stock has a market capitalization of $340.25 million, a price-to-earnings ratio of 7.87 and a beta of 1.06.

Regional Management (NYSE:RM) last announced its quarterly earnings results on Wednesday, February 4th. The credit services provider reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.07. Regional Management had a net margin of 6.88% and a return on equity of 12.19%. The firm had revenue of ($165.49) million during the quarter, compared to analysts’ expectations of $167.90 million. As a group, equities analysts forecast that Regional Management Corp. will post 4.7 EPS for the current year.

Regional Management Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 12th. Shareholders of record on Thursday, February 19th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend is Thursday, February 19th. Regional Management’s payout ratio is 26.97%.

Wall Street Analysts Forecast Growth

RM has been the subject of a number of analyst reports. Zacks Research upgraded shares of Regional Management from a “strong sell” rating to a “hold” rating in a report on Monday, January 5th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Regional Management in a research note on Monday, December 29th. Finally, Wall Street Zen lowered shares of Regional Management from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 7th. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $30.00.

Institutional Trading of Regional Management

A number of institutional investors have recently modified their holdings of RM. Forager Capital Management LLC raised its holdings in Regional Management by 20.7% during the 2nd quarter. Forager Capital Management LLC now owns 1,085,098 shares of the credit services provider’s stock valued at $31,696,000 after acquiring an additional 186,072 shares during the period. Basswood Capital Management L.L.C. grew its position in shares of Regional Management by 0.4% in the second quarter. Basswood Capital Management L.L.C. now owns 1,024,310 shares of the credit services provider’s stock valued at $29,920,000 after purchasing an additional 4,491 shares in the last quarter. LSV Asset Management raised its stake in shares of Regional Management by 7.7% during the 4th quarter. LSV Asset Management now owns 338,832 shares of the credit services provider’s stock valued at $13,130,000 after purchasing an additional 24,232 shares during the period. Tieton Capital Management LLC lifted its holdings in Regional Management by 18.6% during the 2nd quarter. Tieton Capital Management LLC now owns 295,081 shares of the credit services provider’s stock worth $8,619,000 after purchasing an additional 46,380 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in Regional Management by 15.8% in the 4th quarter. Renaissance Technologies LLC now owns 243,137 shares of the credit services provider’s stock worth $9,422,000 after purchasing an additional 33,200 shares during the period. 98.89% of the stock is currently owned by hedge funds and other institutional investors.

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.