Regional Management Corp. $RM Shares Sold by Basswood Capital Management L.L.C.

Basswood Capital Management L.L.C. lessened its holdings in shares of Regional Management Corp. (NYSE:RM) by 16.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 856,641 shares of the credit services provider’s stock after selling 167,669 shares during the period. Regional Management makes up approximately 1.3% of Basswood Capital Management L.L.C.’s portfolio, making the stock its 18th biggest holding. Basswood Capital Management L.L.C. owned 0.09% of Regional Management worth $33,195,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. State of Alaska Department of Revenue acquired a new position in Regional Management during the fourth quarter worth $25,000. Wexford Capital LP acquired a new position in Regional Management during the third quarter worth $32,000. Advisory Services Network LLC acquired a new position in Regional Management during the third quarter worth $39,000. Kestra Advisory Services LLC acquired a new position in Regional Management during the fourth quarter worth $49,000. Finally, BNP Paribas Financial Markets grew its holdings 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 worth $81,000 after acquiring an additional 648 shares during the period. Institutional investors and hedge funds own 98.89% of the company’s stock.

Regional Management Stock Up 1.0%

RM opened at $37.20 on Friday. The business’s fifty day moving average is $36.27 and its two-hundred day moving average is $36.10. 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 company has a market cap of $342.60 million, a price-to-earnings ratio of 7.55 and a beta of 1.03. Regional Management Corp. has a one year low of $26.98 and a one year high of $46.00.

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

Regional Management Dividend Announcement

The company also recently announced 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 3.2%. The ex-dividend date was Wednesday, May 20th. Regional Management’s payout ratio is presently 24.34%.

Insider Activity at Regional Management

In other Regional Management news, major shareholder Fund L.P. Forager sold 2,916 shares of the business’s stock in a transaction on Wednesday, April 29th. The stock was sold at an average price of $38.50, for a total transaction of $112,266.00. Following 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Catherine R. Atwood sold 3,000 shares of the business’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $35.06, for a total value of $105,180.00. Following the sale, the senior vice president owned 40,942 shares in the company, valued at approximately $1,435,426.52. The trade was a 6.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 105,810 shares of company stock valued at $4,072,197 in the last 90 days. 10.90% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on RM shares. 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 report on Thursday, May 21st. Weiss Ratings lowered Regional Management from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, May 21st. Finally, Citigroup raised Regional Management to an “outperform” rating in a report on Thursday, May 21st. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $45.00.

Regional Management 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.