Regional Management (NYSE:RM) Stock: Insider Sandra Johnson Sells 2,700 Shares

Regional Management Corp. (NYSE:RM) Director Sandra Johnson sold 2,700 shares of the company’s stock in a transaction dated Thursday, November 5th. The stock was sold at an average price of $38.57, for a total transaction of $104,139.00. Following the completion of the sale, the director directly owned 17,873 shares of the company’s stock, valued at approximately $689,361.61. This trade represents a 13.12% 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 the SEC website.

Regional Management Stock Down 3.6%

Shares of Regional Management stock opened at $36.27 on Friday. The company has a debt-to-equity ratio of 4.58, a current ratio of 60.68 and a quick ratio of 64.04. Regional Management Corp. has a 1 year low of $29.89 and a 1 year high of $44.29. The firm’s 50-day moving average is $33.33 and its two-hundred day moving average is $35.36. The stock has a market cap of $324.57 million, a price-to-earnings ratio of 7.34 and a beta of 1.08.

Regional Management (NYSE:RM) last posted its earnings results on Wednesday, October 28th. The credit services provider reported $1.61 EPS for the quarter, beating analysts’ consensus estimates of $1.47 by $0.14. Regional Management had a net margin of 6.96% and a return on equity of 12.61%. The business had revenue of $178.78 million for the quarter, compared to the consensus estimate of $174.69 million.

Regional Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 16th. Stockholders of record on Wednesday, November 18th will be paid a dividend of $0.30 per share. The ex-dividend date is Wednesday, November 18th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.3%. Regional Management’s dividend payout ratio (DPR) is currently 24.29%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on RM. Stephens boosted their price objective on shares of Regional Management from $38.50 to $40.00 and gave the stock an “overweight” rating in a research note on Thursday, October 29th. Citigroup reiterated a “market outperform” rating on shares of Regional Management in a report on Thursday, July 30th. Wall Street Zen upgraded Regional Management from a “hold” rating to a “buy” rating in a report on Monday, October 12th. Weiss Ratings raised Regional Management from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, November 2nd. Finally, Citizens Jmp decreased their price objective on Regional Management from $45.00 to $43.00 and set a “market outperform” rating for the company in a research note on Thursday, July 30th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Regional Management currently has a consensus rating of “Moderate Buy” and an average price target of $41.50.

Institutional Investors Weigh In On Regional Management

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RM. GAMMA Investing LLC lifted its holdings in shares of Regional Management by 183.8% in the 3rd quarter. GAMMA Investing LLC now owns 931 shares of the credit services provider’s stock valued at $28,000 after buying an additional 603 shares during the period. Legal & General Group Plc acquired a new stake in Regional Management during the second quarter worth about $33,000. Versant Capital Management Inc grew its holdings in Regional Management by 140.7% during the third quarter. Versant Capital Management Inc now owns 1,663 shares of the credit services provider’s stock worth $50,000 after acquiring an additional 972 shares during the period. State of Alaska Department of Revenue grew its holdings in Regional Management by 145.1% during the third quarter. State of Alaska Department of Revenue now owns 5,067 shares of the credit services provider’s stock worth $153,000 after acquiring an additional 3,000 shares during the period. Finally, Algert Global LLC acquired a new stake in Regional Management during the second quarter worth about $209,000. 98.89% of the stock is owned by institutional investors and hedge funds.

About Regional Management

Regional Management Corp. (NYSE: RM) is a consumer finance company that provides credit products to individuals who may have limited access to traditional bank financing. The company primarily offers small and medium-sized installment loans, including secured and unsecured personal loans, through a network of local branches and digital channels.

Its services may also include optional credit-related products, such as insurance and other ancillary offerings associated with consumer lending.