Wall Street Zen lowered shares of Regional Management (NYSE:RM – Free Report) from a buy rating to a hold rating in a research note published on Sunday morning,Wall Street Zen reports.
Other equities analysts have also issued reports about the company. Weiss Ratings upgraded Regional Management from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, September 21st. Citizens Jmp lowered their price objective on Regional Management from $45.00 to $43.00 and set a “market outperform” rating on the stock in a report on Thursday, July 30th. Finally, Citigroup reissued a “market outperform” rating on shares of Regional Management in a report on Thursday, July 30th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $43.00.
View Our Latest Stock Analysis on RM
Regional Management Stock Performance
Regional Management (NYSE:RM – Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The credit services provider reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.04. The business had revenue of $168.01 million during the quarter, compared to analyst estimates of $165.69 million. Regional Management had a net margin of 6.98% and a return on equity of 12.49%.
Regional Management Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Wednesday, September 16th. Investors of record on Wednesday, August 19th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.7%. The ex-dividend date was Wednesday, August 19th. Regional Management’s dividend payout ratio is presently 25.26%.
Insider Activity at Regional Management
In other Regional Management news, CAO Steven B. Barnette sold 3,274 shares of the firm’s stock in a transaction on Friday, July 10th. The shares were sold at an average price of $43.30, for a total value of $141,764.20. Following the sale, the chief accounting officer directly owned 13,472 shares in the company, valued at $583,337.60. This trade represents a 19.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Fund L.P. Forager sold 10,401 shares of the business’s stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of $32.22, for a total transaction of $335,120.22. Following the transaction, the insider owned 919,136 shares in the company, valued at approximately $29,614,561.92. The trade was a 1.12% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 32,796 shares of company stock worth $1,093,641 in the last ninety days. 10.90% of the stock is currently owned by insiders.
Institutional Investors Weigh In On Regional Management
Institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in Regional Management in the 2nd quarter valued at approximately $47,514,000. Basswood Capital Management L.L.C. acquired a new stake in shares of Regional Management during the 2nd quarter worth approximately $35,244,000. Tieton Capital Management LLC acquired a new stake in shares of Regional Management during the 2nd quarter worth approximately $13,112,000. Sei Investments Co. increased its position in shares of Regional Management by 117.9% during the first 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 increased its position in shares of Regional Management by 2.5% during the first quarter. Arrowstreet Capital Limited Partnership now owns 108,439 shares of the credit services provider’s stock valued at $3,497,000 after purchasing an additional 2,618 shares during the period. 98.89% of the stock is owned by institutional investors and hedge funds.
Regional Management Company Profile
Regional Management Corp. (NYSE: RM) is a consumer finance company that provides personal installment loans to individuals who may have limited access to traditional bank credit. The company primarily serves non-prime borrowers through a combination of branch-based and online lending channels.
Its products generally include secured and unsecured consumer loans, along with optional insurance and other ancillary offerings. Regional Management evaluates borrowers based on their individual financial circumstances and provides loan services designed to meet personal, household and other consumer needs.
Founded in 1987 and headquartered in Greer, South Carolina, the company operates through a network of branches serving customers across several southeastern and southern U.S.
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