Regional Management (NYSE:RM) SVP Sells $91,052.00 in Stock

Regional Management Corp. (NYSE:RM) SVP Catherine Atwood sold 2,600 shares of the stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $35.02, for a total value of $91,052.00. Following the completion of the transaction, the senior vice president directly owned 43,942 shares in the company, valued at approximately $1,538,848.84. This represents a 5.59% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Regional Management Trading Down 0.8%

RM opened at $34.50 on Friday. The stock has a market capitalization of $334.99 million, a P/E ratio of 7.75 and a beta of 1.06. The stock has a 50-day moving average price of $37.65 and a 200-day moving average price of $38.85. Regional Management Corp. has a 12-month low of $25.41 and a 12-month high of $46.00.

Regional Management (NYSE:RM) last released its earnings results on Wednesday, February 4th. The credit services provider reported $1.30 earnings per share for the quarter, topping analysts’ consensus estimates of $1.23 by $0.07. The company had revenue of ($165.49) million during the quarter, compared to the consensus estimate of $167.90 million. Regional Management had a return on equity of 12.19% and a net margin of 6.88%. On average, equities research analysts predict that Regional Management Corp. will post 4.7 EPS for the current year.

Regional Management Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders of record on Thursday, February 19th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Thursday, February 19th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.5%. Regional Management’s dividend payout ratio is 26.97%.

Institutional Trading of Regional Management

Several large investors have recently modified their holdings of RM. Forager Capital Management LLC increased its holdings in Regional Management by 20.7% during the 2nd quarter. Forager Capital Management LLC now owns 1,085,098 shares of the credit services provider’s stock valued at $31,696,000 after purchasing an additional 186,072 shares during the period. Basswood Capital Management L.L.C. grew its position in shares of Regional Management by 0.4% in the 2nd quarter. Basswood Capital Management L.L.C. now owns 1,024,310 shares of the credit services provider’s stock worth $29,920,000 after buying an additional 4,491 shares during the last quarter. LSV Asset Management increased its stake in shares of Regional Management by 7.7% during the fourth quarter. LSV Asset Management now owns 338,832 shares of the credit services provider’s stock valued at $13,130,000 after buying an additional 24,232 shares during the period. Tieton Capital Management LLC increased its stake in shares of Regional Management by 18.6% during the second quarter. Tieton Capital Management LLC now owns 295,081 shares of the credit services provider’s stock valued at $8,619,000 after buying an additional 46,380 shares during the period. Finally, Renaissance Technologies LLC raised its holdings in shares of Regional Management by 15.8% during the fourth quarter. Renaissance Technologies LLC now owns 243,137 shares of the credit services provider’s stock valued at $9,422,000 after acquiring an additional 33,200 shares in the last quarter. 98.89% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on RM. Weiss Ratings restated a “hold (c+)” rating on shares of Regional Management in a research report on Monday, December 29th. Zacks Research raised Regional Management from a “strong sell” rating to a “hold” rating in a research note on Monday, January 5th. Finally, Wall Street Zen lowered Regional Management from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 7th. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $30.00.

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.