Steven Barnette Sells 1,600 Shares of Regional Management (NYSE:RM) Stock

Regional Management Corp. (NYSE:RM) CAO Steven Barnette sold 1,600 shares of the company’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $42.04, for a total transaction of $67,264.00. Following the completion of the sale, the chief accounting officer directly owned 16,746 shares in the company, valued at approximately $704,001.84. The trade was a 8.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

Regional Management Price Performance

NYSE:RM opened at $41.65 on Friday. Regional Management Corp. has a 12-month low of $30.46 and a 12-month high of $46.00. The firm has a market capitalization of $383.55 million, a price-to-earnings ratio of 8.45 and a beta of 1.01. The stock’s 50 day moving average price is $36.98 and its two-hundred day moving average price is $36.25. The company has a quick ratio of 59.88, a current ratio of 59.88 and a debt-to-equity ratio of 4.30.

Regional Management (NYSE:RM) last issued its earnings results on Wednesday, April 29th. The credit services provider reported $1.18 EPS for the quarter, topping the consensus estimate of $0.98 by $0.20. Regional Management had a return on equity of 13.16% and a net margin of 7.40%.The company had revenue of $167.29 million during the quarter, compared to the consensus estimate of $161.55 million.

Regional Management Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 20th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend was Wednesday, May 20th. Regional Management’s payout ratio is 24.34%.

Institutional Trading of Regional Management

Several institutional investors have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue bought a new position in Regional Management during the 4th quarter worth $25,000. Wexford Capital LP acquired a new stake in shares of Regional Management during the third quarter worth $32,000. Advisory Services Network LLC bought a new stake in shares of Regional Management in the third quarter valued at about $39,000. Kestra Advisory Services LLC bought a new stake in shares of Regional Management in the fourth quarter valued at about $49,000. Finally, BNP Paribas Financial Markets grew its stake in shares of Regional Management by 45.3% in the third quarter. BNP Paribas Financial Markets now owns 2,077 shares of the credit services provider’s stock valued at $81,000 after acquiring an additional 648 shares in the last quarter. 98.89% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Citigroup reissued a “market outperform” rating on shares of Regional Management in a research report on Wednesday, June 17th. Citizens Jmp raised shares of Regional Management from a “market perform” rating to an “outperform” rating and set a $45.00 target price for the company in a report on Thursday, May 21st. Weiss Ratings upgraded shares of Regional Management from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, June 26th. Finally, Wall Street Zen cut shares of Regional Management from a “strong-buy” rating to a “buy” rating in a report on Saturday. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $45.00.

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.