Regional Management (NYSE:RM) CEO Lakhbir Lamba Acquires 3,500 Shares of Stock

Regional Management Corp. (NYSE:RM) CEO Lakhbir Lamba bought 3,500 shares of the company’s stock in a transaction that occurred on Wednesday, August 12th. The stock was bought at an average price of $31.76 per share, for a total transaction of $111,160.00. Following the acquisition, the chief executive officer directly owned 55,734 shares of the company’s stock, valued at $1,770,111.84. The trade was a 6.70% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Regional Management Price Performance

NYSE RM opened at $32.65 on Friday. The stock has a market capitalization of $301.36 million, a price-to-earnings ratio of 6.87 and a beta of 1.02. Regional Management Corp. has a 1-year low of $30.46 and a 1-year high of $46.00. The company has a debt-to-equity ratio of 4.41, a current ratio of 64.04 and a quick ratio of 64.04. The business’s fifty day moving average price is $38.55 and its 200-day moving average price is $36.19.

Regional Management (NYSE:RM) last issued its quarterly earnings data on Wednesday, July 29th. The credit services provider reported $0.85 EPS for the quarter, topping the consensus estimate of $0.81 by $0.04. The company had revenue of $168.01 million during the quarter, compared to analyst estimates of $165.69 million. Regional Management had a return on equity of 12.49% and a net margin of 6.98%.

Regional Management Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Wednesday, August 19th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.7%. Regional Management’s payout ratio is presently 25.26%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue bought a new position in shares of Regional Management during the fourth quarter valued at approximately $25,000. Wexford Capital LP purchased a new position in Regional Management in the 3rd quarter worth about $32,000. Advisory Services Network LLC purchased a new stake in shares of Regional Management in the third quarter valued at approximately $39,000. Kestra Advisory Services LLC bought a new stake in Regional Management during the 4th quarter valued at $49,000. Finally, BNP Paribas Financial Markets lifted its holdings in shares of Regional Management by 45.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,077 shares of the credit services provider’s stock worth $81,000 after buying an additional 648 shares during the period. Hedge funds and other institutional investors own 98.89% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on RM. Wall Street Zen downgraded Regional Management from a “buy” rating to a “hold” rating in a research note on Sunday, August 9th. Citizens Jmp reduced their target price on shares of Regional Management from $45.00 to $43.00 and set a “market outperform” rating for the company in a report on Thursday, July 30th. Weiss Ratings cut shares of Regional Management from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, August 7th. Finally, Citigroup reaffirmed a “market outperform” rating on shares of Regional Management in a report on Thursday, July 30th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $43.00.

Regional Management Company Profile

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.