Regional Management (NYSE:RM) Price Target Raised to $28.00 at Keefe, Bruyette & Woods

Regional Management (NYSE:RM) had its price objective hoisted by Keefe, Bruyette & Woods from $26.00 to $28.00 in a report released on Friday, Benzinga reports. The firm currently has a market perform rating on the credit services provider’s stock.

Several other equities analysts have also issued reports on RM. StockNews.com raised Regional Management from a buy rating to a strong-buy rating in a research report on Thursday. Stephens reiterated an equal weight rating and issued a $30.00 target price on shares of Regional Management in a research note on Thursday, February 8th.

Regional Management Stock Up 7.4 %

Shares of Regional Management stock traded up $2.10 during trading on Friday, hitting $30.44. The company’s stock had a trading volume of 58,657 shares, compared to its average volume of 25,266. The company has a market capitalization of $300.44 million, a PE ratio of 13.13 and a beta of 1.45. The company has a debt-to-equity ratio of 4.33, a quick ratio of 41.16 and a current ratio of 41.17. Regional Management has a 52 week low of $20.50 and a 52 week high of $34.60. The company has a fifty day simple moving average of $24.49 and a two-hundred day simple moving average of $24.19.

Regional Management (NYSE:RM) last posted its quarterly earnings results on Wednesday, May 1st. The credit services provider reported $1.56 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.69. The company had revenue of $144.31 million for the quarter, compared to the consensus estimate of $140.02 million. Regional Management had a return on equity of 10.80% and a net margin of 4.01%. During the same quarter in the prior year, the business posted $0.90 EPS. Equities research analysts predict that Regional Management will post 4.24 earnings per share for the current year.

Regional Management Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 12th. Shareholders of record on Wednesday, May 22nd will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.94%. The ex-dividend date of this dividend is Tuesday, May 21st. Regional Management’s dividend payout ratio (DPR) is 52.17%.

Insider Buying and Selling at Regional Management

In related news, Director Basswood Capital Management, L bought 15,000 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The shares were bought at an average price of $24.59 per share, for a total transaction of $368,850.00. Following the completion of the acquisition, the director now owns 475,484 shares of the company’s stock, valued at approximately $11,692,151.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 10.50% of the company’s stock.

Institutional Investors Weigh In On Regional Management

A number of large investors have recently made changes to their positions in RM. Quadrature Capital Ltd boosted its holdings in shares of Regional Management by 7.5% in the fourth quarter. Quadrature Capital Ltd now owns 13,634 shares of the credit services provider’s stock worth $340,000 after buying an additional 957 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in shares of Regional Management by 53.4% during the 1st quarter. BNP Paribas Financial Markets now owns 3,974 shares of the credit services provider’s stock worth $96,000 after acquiring an additional 1,383 shares during the last quarter. Barclays PLC grew its position in shares of Regional Management by 15.3% during the 3rd quarter. Barclays PLC now owns 11,548 shares of the credit services provider’s stock valued at $319,000 after acquiring an additional 1,534 shares during the period. Hsbc Holdings PLC increased its stake in shares of Regional Management by 34.1% in the 3rd quarter. Hsbc Holdings PLC now owns 9,121 shares of the credit services provider’s stock worth $258,000 after purchasing an additional 2,317 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of Regional Management by 3.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 107,125 shares of the credit services provider’s stock worth $2,965,000 after purchasing an additional 3,737 shares in the last quarter. 98.89% of the stock is currently owned by institutional investors.

About Regional Management

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.