Regional Management (NYSE:RM) Stock Crosses Below Two Hundred Day Moving Average – Should You Sell?

Regional Management Corp. (NYSE:RM)’s share price crossed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $35.33 and traded as low as $34.57. Regional Management shares last traded at $34.74, with a volume of 63,837 shares traded.

Wall Street Analysts Forecast Growth

RM has been the subject of several recent analyst reports. Citigroup reaffirmed a “market outperform” rating on shares of Regional Management in a report on Thursday, July 30th. Stephens boosted their target price on Regional Management from $38.50 to $40.00 and gave the stock an “overweight” rating in a report on Thursday, October 29th. Weiss Ratings upgraded Regional Management from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, November 2nd. Wall Street Zen upgraded Regional Management from a “hold” rating to a “buy” rating in a research report on Monday, October 12th. Finally, Citizens Jmp dropped their price target on Regional Management from $45.00 to $43.00 and set a “market outperform” rating for the company in a report on Thursday, July 30th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $41.50.

Regional Management Price Performance

The stock has a fifty day moving average of $33.45 and a 200-day moving average of $35.33. The company has a quick ratio of 60.68, a current ratio of 60.68 and a debt-to-equity ratio of 4.58. The firm has a market capitalization of $310.92 million, a P/E ratio of 7.03 and a beta of 1.08.

Regional Management (NYSE:RM) last issued its quarterly earnings data on Wednesday, October 28th. The credit services provider reported $1.61 EPS for the quarter, topping 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 firm had revenue of $178.78 million for the quarter, compared to analyst estimates of $174.69 million.

Regional Management Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 16th. Shareholders of record on Wednesday, November 18th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, November 18th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.5%. Regional Management’s payout ratio is currently 24.29%.

Insider Transactions at Regional Management

In other news, major shareholder Fund L.P. Forager sold 10,401 shares of the company’s stock in a transaction that occurred on Thursday, September 17th. The shares were sold at an average price of $32.22, for a total transaction of $335,120.22. Following the transaction, the insider directly owned 919,136 shares in the company, valued at approximately $29,614,561.92. This represents a 1.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Catherine Atwood sold 2,600 shares of the stock in a transaction that occurred on Thursday, October 29th. The shares were sold at an average price of $37.39, for a total transaction of $97,214.00. Following the sale, the senior vice president directly owned 52,707 shares in the company, valued at $1,970,714.73. This trade represents a 4.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 35,022 shares of company stock worth $1,160,232. Corporate insiders own 10.90% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Ieq Capital LLC acquired a new stake in shares of Regional Management in the 3rd quarter valued at $333,000. Russell Investments Group Ltd. raised its position in shares of Regional Management by 12.2% during the third quarter. Russell Investments Group Ltd. now owns 8,668 shares of the credit services provider’s stock worth $262,000 after acquiring an additional 942 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Regional Management by 3.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 12,602 shares of the credit services provider’s stock worth $391,000 after acquiring an additional 435 shares during the last quarter. Prescott Group Capital Management L.L.C. acquired a new position in shares of Regional Management during the third quarter valued at $674,000. Finally, State of Alaska Department of Revenue lifted its stake in shares of 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 valued at $153,000 after acquiring an additional 3,000 shares during the period. Institutional investors and hedge funds own 98.89% of the company’s stock.

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. Regional Management focuses on serving non-prime borrowers and evaluates applications using information beyond traditional bank lending criteria.