Regional Management (NYSE:RM) Shares Pass Above 200-Day Moving Average – What’s Next?

Regional Management Corp. (NYSE:RM)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $36.09 and traded as high as $36.93. Regional Management shares last traded at $36.7510, with a volume of 26,107 shares changing hands.

Analyst Upgrades and Downgrades

Several analysts have weighed in on RM shares. Citigroup raised Regional Management to an “outperform” rating in a research report on Thursday, May 21st. Citizens Jmp raised Regional Management from a “market perform” rating to an “outperform” rating and set a $45.00 price objective on the stock in a research report on Thursday, May 21st. Finally, Weiss Ratings lowered shares of Regional Management from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, May 21st. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $45.00.

Regional Management Stock Up 1.2%

The company’s fifty day moving average price is $36.18 and its 200-day moving average price is $36.09. The stock has a market capitalization of $338.48 million, a PE ratio of 7.45 and a beta of 1.03. 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 released its earnings results on Wednesday, April 29th. The credit services provider reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.20. Regional Management had a net margin of 7.40% and a return on equity of 13.16%. The firm had revenue of $167.29 million during the quarter, compared to analyst estimates of $161.55 million.

Regional Management Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 20th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.3%. The ex-dividend date was Wednesday, May 20th. Regional Management’s dividend payout ratio (DPR) is presently 24.34%.

Insider Activity

In other news, EVP Brian J. Fisher sold 5,457 shares of Regional Management stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $38.09, for a total transaction of $207,857.13. Following the completion of the transaction, the executive vice president directly owned 27,745 shares in the company, valued at approximately $1,056,807.05. This trade represents a 16.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Fund L.P. Forager sold 17,602 shares of Regional Management stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $38.06, for a total transaction of $669,932.12. Following the transaction, the insider owned 994,263 shares of the company’s stock, valued at $37,841,649.78. The trade was a 1.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 105,810 shares of company stock worth $4,072,197. Insiders own 10.90% of the company’s stock.

Hedge Funds Weigh In On Regional Management

A number of hedge funds have recently added to or reduced their stakes in the company. Basswood Capital Management L.L.C. raised its holdings in 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 acquiring an additional 4,491 shares during the last quarter. LSV Asset Management raised its holdings in Regional Management by 7.7% in the 4th quarter. LSV Asset Management now owns 338,832 shares of the credit services provider’s stock worth $13,130,000 after acquiring an additional 24,232 shares during the last quarter. Renaissance Technologies LLC raised its holdings in Regional Management by 15.8% in the 4th quarter. Renaissance Technologies LLC now owns 243,137 shares of the credit services provider’s stock worth $9,422,000 after acquiring an additional 33,200 shares during the last quarter. Wellington Management Group LLP raised its holdings in Regional Management by 9.9% in the 4th quarter. Wellington Management Group LLP now owns 218,164 shares of the credit services provider’s stock worth $8,454,000 after acquiring an additional 19,600 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in Regional Management by 6.4% in the 2nd quarter. Geode Capital Management LLC now owns 211,734 shares of the credit services provider’s stock worth $6,186,000 after acquiring an additional 12,740 shares during the last quarter. 98.89% of the stock is currently owned by hedge funds and other institutional investors.

About Regional Management

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.