Regional Management (NYSE:RM) Share Price Crosses Above Two Hundred Day Moving Average of $24.21

Shares of Regional Management Corp. (NYSE:RM) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $24.21 and traded as high as $25.12. Regional Management shares last traded at $25.00, with a volume of 44,106 shares trading hands.

Wall Street Analysts Forecast Growth

RM has been the subject of a number of recent analyst reports. Stephens restated an “equal weight” rating and set a $30.00 price objective on shares of Regional Management in a research note on Thursday, February 8th. StockNews.com upgraded Regional Management from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, April 2nd.

Regional Management Trading Up 1.8 %

The firm has a fifty day moving average of $23.65 and a 200-day moving average of $24.21. The company has a debt-to-equity ratio of 4.33, a quick ratio of 41.16 and a current ratio of 41.17. The firm has a market cap of $244 million, a P/E ratio of 15.24 and a beta of 1.47.

Regional Management (NYSE:RM) last announced its earnings results on Wednesday, February 7th. The credit services provider reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.17. The firm had revenue of $141.66 million for the quarter, compared to the consensus estimate of $140.68 million. Regional Management had a return on equity of 8.85% and a net margin of 2.89%. Equities research analysts forecast that Regional Management Corp. will post 3.88 earnings per share for the current year.

Regional Management Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 14th. Investors of record on Thursday, February 22nd were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.80%. The ex-dividend date was Wednesday, February 21st. Regional Management’s payout ratio is 73.17%.

Insider Buying and Selling

In other news, Director Basswood Capital Management, L sold 13,000 shares of Regional Management stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $22.36, for a total transaction of $290,680.00. Following the transaction, the director now owns 486,365 shares in the company, valued at $10,875,121.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 9.80% of the company’s stock.

Institutional Trading of Regional Management

A number of institutional investors have recently bought and sold shares of RM. PNC Financial Services Group Inc. bought a new position in shares of Regional Management in the second quarter worth about $28,000. Quantbot Technologies LP increased its stake in Regional Management by 120.0% during the first quarter. Quantbot Technologies LP now owns 1,100 shares of the credit services provider’s stock valued at $53,000 after acquiring an additional 600 shares during the period. BNP Paribas Arbitrage SA increased its stake in Regional Management by 76.4% during the second quarter. BNP Paribas Arbitrage SA now owns 1,977 shares of the credit services provider’s stock valued at $74,000 after acquiring an additional 856 shares during the period. Tower Research Capital LLC TRC increased its stake in Regional Management by 145.6% during the first quarter. Tower Research Capital LLC TRC now owns 1,999 shares of the credit services provider’s stock valued at $52,000 after acquiring an additional 1,185 shares during the period. Finally, Qube Research & Technologies Ltd bought a new position in Regional Management during the third quarter valued at about $70,000. Institutional investors and hedge funds own 98.89% of the company’s stock.

Regional Management Company Profile

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.