Regional Management (NYSE:RM) Downgraded to Strong Sell Rating by Zacks Research

Zacks Research lowered shares of Regional Management (NYSE:RM) from a hold rating to a strong sell rating in a research report released on Thursday morning,Zacks.com reports.

Several other equities analysts also recently commented on the stock. Wall Street Zen upgraded shares of Regional Management from a “buy” rating to a “strong-buy” rating in a research note on Sunday, August 3rd. Weiss Ratings reissued a “hold (c)” rating on shares of Regional Management in a research note on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Regional Management presently has a consensus rating of “Hold” and an average target price of $34.00.

Regional Management Stock Up 0.6%

NYSE RM traded up $0.24 during trading on Thursday, hitting $36.99. The stock had a trading volume of 68,493 shares, compared to its average volume of 46,128. The company has a market capitalization of $362.42 million, a PE ratio of 10.66 and a beta of 1.25. The firm has a 50 day moving average price of $40.86 and a 200 day moving average price of $34.86. Regional Management has a twelve month low of $25.41 and a twelve month high of $46.00.

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

Regional Management Dividend Announcement

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

Insider Buying and Selling at Regional Management

In other news, CEO Robert William Beck sold 10,000 shares of Regional Management stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $35.54, for a total transaction of $355,400.00. Following the completion of the sale, the chief executive officer directly owned 79,673 shares in the company, valued at approximately $2,831,578.42. This trade represents a 11.15% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 10.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Regional Management

A number of hedge funds and other institutional investors have recently modified their holdings of RM. Allspring Global Investments Holdings LLC lifted its position in Regional Management by 37.8% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 10,520 shares of the credit services provider’s stock worth $321,000 after acquiring an additional 2,885 shares in the last quarter. Acadian Asset Management LLC raised its stake in shares of Regional Management by 83.0% in the 1st quarter. Acadian Asset Management LLC now owns 155,885 shares of the credit services provider’s stock valued at $4,691,000 after purchasing an additional 70,721 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Regional Management by 69.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 85,220 shares of the credit services provider’s stock worth $2,566,000 after buying an additional 34,861 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in Regional Management by 45.5% in the first quarter. Goldman Sachs Group Inc. now owns 194,374 shares of the credit services provider’s stock worth $5,853,000 after purchasing an additional 60,744 shares during the period. Finally, Cubist Systematic Strategies LLC bought a new position in shares of Regional Management in the 1st quarter worth about $271,000. 98.89% of the stock is currently owned by hedge funds and other 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.