Regional Management (NYSE:RM) Downgraded by Wall Street Zen to Buy

Wall Street Zen lowered shares of Regional Management (NYSE:RM) from a strong-buy rating to a buy rating in a report published on Saturday.

Other equities analysts have also issued research reports about the stock. Citizens Jmp decreased their price target on shares of Regional Management from $45.00 to $43.00 and set a “market outperform” rating for the company in a report on Thursday. Citigroup reaffirmed a “market outperform” rating on shares of Regional Management in a research note on Thursday. Finally, Weiss Ratings raised Regional Management from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, June 26th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $43.00.

Regional Management Stock Up 0.1%

Shares of NYSE RM opened at $32.30 on Friday. The stock has a market cap of $297.53 million, a P/E ratio of 6.80 and a beta of 1.01. The firm has a 50 day moving average price of $39.13 and a 200 day moving average price of $36.50. The company has a debt-to-equity ratio of 4.30, a quick ratio of 59.88 and a current ratio of 59.88. Regional Management has a 52-week low of $30.46 and a 52-week high of $46.00.

Regional Management (NYSE:RM) last issued its earnings results on Wednesday, July 29th. The credit services provider reported $0.85 EPS for the quarter, beating the consensus estimate of $0.81 by $0.04. The firm had revenue of $168.01 million during the quarter, compared to the consensus estimate of $165.69 million. Regional Management had a net margin of 6.98% and a return on equity of 12.53%.

Regional Management Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Wednesday, August 19th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend is Wednesday, August 19th. Regional Management’s dividend payout ratio (DPR) is currently 25.26%.

Insider Buying and Selling at Regional Management

In related news, Director Sandra K. Johnson sold 1,000 shares of the stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $36.00, for a total value of $36,000.00. Following the sale, the director owned 21,933 shares in the company, valued at approximately $789,588. This represents a 4.36% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Catherine R. Atwood sold 3,000 shares of the firm’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $35.06, for a total value of $105,180.00. Following the sale, the senior vice president directly owned 40,942 shares of the company’s stock, valued at $1,435,426.52. This represents a 6.83% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 8,874 shares of company stock worth $350,208. Corporate insiders own 10.90% of the company’s stock.

Hedge Funds Weigh In On Regional Management

Large investors have recently modified their holdings of the stock. State of Alaska Department of Revenue acquired a new stake in shares of Regional Management during the 4th quarter worth about $25,000. Wexford Capital LP acquired a new position in Regional Management in the 3rd quarter valued at about $32,000. Advisory Services Network LLC acquired a new position in Regional Management in the 3rd quarter valued at about $39,000. Kestra Advisory Services LLC bought a new position in Regional Management in the 4th quarter valued at about $49,000. Finally, BNP Paribas Financial Markets raised its holdings in Regional Management by 45.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,077 shares of the credit services provider’s stock valued at $81,000 after acquiring an additional 648 shares during the period. 98.89% of the stock is owned by 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.