Basswood Capital Management, L Acquires 8,091 Shares of Regional Management Corp. (NYSE:RM) Stock

Regional Management Corp. (NYSE:RM) Director Basswood Capital Management, L bought 8,091 shares of the business’s stock in a transaction on Monday, May 6th. The stock was bought at an average price of $30.04 per share, for a total transaction of $243,053.64. Following the completion of the purchase, the director now directly owns 478,892 shares of the company’s stock, valued at approximately $14,385,915.68. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Basswood Capital Management, L also recently made the following trade(s):

• On Monday, March 11th, Basswood Capital Management, L acquired 15,000 shares of Regional Management stock. The shares were bought at an average price of $24.59 per share, for a total transaction of $368,850.00.
• On Thursday, March 7th, Basswood Capital Management, L purchased 4,287 shares of Regional Management stock. The stock was acquired at an average price of $22.99 per share, for a total transaction of $98,558.13.
• On Thursday, February 15th, Basswood Capital Management, L sold 13,000 shares of Regional Management stock. The stock was sold at an average price of $22.36, for a total transaction of $290,680.00.

Regional Management Trading Up 0.7 %

Shares of RM opened at $29.93 on Friday. The business’s 50-day moving average price is $25.04 and its 200 day moving average price is $24.34. The stock has a market capitalization of $295.35 million, a P/E ratio of 13.01 and a beta of 1.45. Regional Management Corp. has a 1-year low of $20.50 and a 1-year high of $34.60. The company has a current ratio of 41.17, a quick ratio of 41.16 and a debt-to-equity ratio of 4.33.

Regional Management (NYSE:RM) last issued its quarterly earnings results on Wednesday, May 1st. The credit services provider reported $1.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.69. Regional Management had a return on equity of 10.80% and a net margin of 4.01%. The firm had revenue of $144.31 million for the quarter, compared to analysts’ expectations of $140.02 million. During the same quarter last year, the business posted $0.90 EPS. Analysts expect that Regional Management Corp. will post 4.24 earnings per share for the current year.

Regional Management Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 12th. Shareholders of record on Wednesday, May 22nd will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, May 21st. This represents a $1.20 annualized dividend and a yield of 4.01%. Regional Management’s dividend payout ratio (DPR) is presently 52.17%.

Hedge Funds Weigh In On Regional Management

Several institutional investors and hedge funds have recently bought and sold shares of RM. BNP Paribas Financial Markets grew its stake in Regional Management by 53.4% during the 1st quarter. BNP Paribas Financial Markets now owns 3,974 shares of the credit services provider’s stock valued at $96,000 after acquiring an additional 1,383 shares in the last quarter. SG Americas Securities LLC purchased a new position in Regional Management during the 4th quarter valued at about $102,000. Hsbc Holdings PLC grew its stake in Regional Management by 34.1% during the 3rd quarter. Hsbc Holdings PLC now owns 9,121 shares of the credit services provider’s stock valued at $258,000 after acquiring an additional 2,317 shares in the last quarter. Barclays PLC grew its stake in Regional Management by 15.3% during the 3rd quarter. Barclays PLC now owns 11,548 shares of the credit services provider’s stock valued at $319,000 after acquiring an additional 1,534 shares in the last quarter. Finally, Quadrature Capital Ltd grew its stake in Regional Management by 7.5% during the 4th quarter. Quadrature Capital Ltd now owns 13,634 shares of the credit services provider’s stock valued at $340,000 after acquiring an additional 957 shares in the last quarter. Hedge funds and other institutional investors own 98.89% of the company’s stock.

Wall Street Analyst Weigh In

RM has been the topic of several research reports. Keefe, Bruyette & Woods boosted their price target on shares of Regional Management from $26.00 to $28.00 and gave the stock a “market perform” rating in a research report on Friday, May 3rd. Stephens reissued an “equal weight” rating and issued a $30.00 price target on shares of Regional Management in a research note on Thursday, February 8th. Finally, StockNews.com raised Regional Management from a “buy” rating to a “strong-buy” rating in a research note on Thursday, May 2nd.

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.