Regional Management (NYSE:RM) Shares Pass Above 200-Day Moving Average – Here’s Why

Regional Management Corp. (NYSE:RM) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $36.44 and traded as high as $42.77. Regional Management shares last traded at $42.4660, with a volume of 64,990 shares.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Wall Street Zen raised Regional Management from a “buy” rating to a “strong-buy” rating in a research note on Sunday, July 12th. 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. Weiss Ratings upgraded Regional Management from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, June 26th. Finally, Citigroup reiterated a “market outperform” rating on shares of Regional Management in a report on Wednesday, June 17th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $45.00.

Regional Management Stock Up 2.1%

The stock has a market capitalization of $391.11 million, a PE ratio of 8.61 and a beta of 1.01. The company has a debt-to-equity ratio of 4.30, a quick ratio of 59.88 and a current ratio of 59.88. The business has a 50 day moving average of $38.33 and a two-hundred day moving average of $36.44.

Regional Management (NYSE:RM) last issued its quarterly earnings data on Wednesday, April 29th. The credit services provider reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for 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. Investors of record on Wednesday, May 20th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend was Wednesday, May 20th. Regional Management’s dividend payout ratio (DPR) is presently 24.34%.

Insider Activity at Regional Management

In other news, major shareholder Fund L.P. Forager sold 2,916 shares of Regional Management stock in a transaction on Wednesday, April 29th. The shares were sold at an average price of $38.50, for a total transaction of $112,266.00. Following the completion of the sale, the insider directly owned 948,458 shares in the company, valued at approximately $36,515,633. The trade was a 0.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Steven B. Barnette sold 3,274 shares of Regional Management stock in a transaction dated Friday, July 10th. The stock was sold at an average price of $43.30, for a total value of $141,764.20. Following the sale, the chief accounting officer directly owned 13,472 shares of the company’s stock, valued at approximately $583,337.60. This represents a 19.55% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 13,891 shares of company stock worth $545,653. Corporate insiders own 10.90% of the company’s stock.

Institutional Trading of Regional Management

Large investors have recently made changes to their positions in the business. State of Alaska Department of Revenue acquired a new stake in shares of Regional Management in the fourth quarter worth $25,000. Wexford Capital LP purchased a new position in shares of Regional Management during the third quarter worth $32,000. Advisory Services Network LLC purchased a new position in shares of Regional Management during the third quarter worth $39,000. Kestra Advisory Services LLC acquired a new position in Regional Management during the fourth quarter valued at $49,000. Finally, BNP Paribas Financial Markets lifted its position in Regional Management by 45.3% during the third quarter. BNP Paribas Financial Markets now owns 2,077 shares of the credit services provider’s stock valued at $81,000 after purchasing an additional 648 shares during the period. 98.89% of the stock is owned by hedge funds and other institutional investors.

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.