Wall Street Zen upgraded shares of Regional Management (NYSE:RM – Free Report) from a hold rating to a buy rating in a research report released on Saturday,Wall Street Zen reports.
RM has been the subject of a number of other research reports. Citizens Jmp dropped their price objective on Regional Management from $45.00 to $43.00 and set a “market outperform” rating for the company in a research note on Thursday, July 30th. Weiss Ratings upgraded Regional Management from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, September 21st. Finally, Citigroup restated a “market outperform” rating on shares of Regional Management in a research note on Thursday, July 30th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $43.00.
View Our Latest Analysis on Regional Management
Regional Management Trading Up 1.4%
Regional Management (NYSE:RM – Get Free Report) last released its earnings results on Wednesday, July 29th. The credit services provider reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.04. Regional Management had a return on equity of 12.49% and a net margin of 6.98%.The company had revenue of $168.01 million during the quarter, compared to the consensus estimate of $165.69 million.
Regional Management Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, September 16th. Shareholders of record on Wednesday, August 19th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date was Wednesday, August 19th. Regional Management’s payout ratio is currently 25.26%.
Insider Transactions at Regional Management
In other news, CAO Steven B. Barnette sold 3,274 shares of the business’s stock in a transaction on Friday, July 10th. The shares were sold at an average price of $43.30, for a total transaction of $141,764.20. Following the completion of the sale, the chief accounting officer owned 13,472 shares of the company’s stock, valued at $583,337.60. The trade was a 19.55% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Fund L.P. Forager sold 10,401 shares of Regional Management stock in a transaction on Thursday, September 17th. The shares were sold at an average price of $32.22, for a total value of $335,120.22. Following the transaction, the insider owned 919,136 shares in the company, valued at $29,614,561.92. This trade represents a 1.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 34,396 shares of company stock worth $1,160,905 in the last 90 days. 10.90% of the stock is currently owned by insiders.
Institutional Investors Weigh In On Regional Management
Institutional investors have recently bought and sold shares of the business. BlackRock Inc. purchased a new position in shares of Regional Management in the second quarter valued at about $47,514,000. Basswood Capital Management L.L.C. purchased a new stake in shares of Regional Management during the second quarter worth about $35,244,000. Tieton Capital Management LLC bought a new stake in Regional Management during the 2nd quarter valued at approximately $13,112,000. Sei Investments Co. raised its stake in Regional Management by 117.9% during the 1st quarter. Sei Investments Co. now owns 157,151 shares of the credit services provider’s stock valued at $5,068,000 after purchasing an additional 85,040 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in Regional Management by 2.5% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 108,439 shares of the credit services provider’s stock worth $3,497,000 after purchasing an additional 2,618 shares in the last quarter. Hedge funds and other institutional investors own 98.89% of the company’s stock.
Regional Management Company Profile
Regional Management Corp. is a specialty consumer finance company that provides credit products to customers who may have limited access to traditional bank financing. The company operates primarily through its Regional Finance branch network and focuses on serving non-prime consumers.
Its principal products include small and large installment loans, generally used for personal, household and other consumer purposes. Regional Management may also offer optional credit-related insurance and ancillary products in connection with its loans, subject to applicable laws and regulations.
Founded in 1987 and headquartered in Greer, South Carolina, the company serves customers across a network of branches concentrated in the southeastern and southwestern United States.
Featured Stories
- Five stocks we like better than Regional Management
- 3 Defense Stocks Riding Nuclear, Missile, and Aerospace Demand
- SoFi Is Bypassing the Banking Bottleneck With Stablecoin Settlement
- These 3 Overlooked Stocks Have Big Money Behind Them
- Darden Restaurants Serves Up Fresh Catalysts for a Stock Price Rally
Receive News & Ratings for Regional Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Regional Management and related companies with MarketBeat.com's FREE daily email newsletter.
