Catherine Atwood Sells 2,600 Shares of Regional Management (NYSE:RM) Stock

Regional Management Corp. (NYSE:RM) SVP Catherine Atwood sold 2,600 shares of the firm’s stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $35.02, for a total transaction of $91,052.00. Following the completion of the transaction, the senior vice president directly owned 43,942 shares of the company’s stock, valued at $1,538,848.84. This represents a 5.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Regional Management Stock Performance

RM stock traded down $0.05 during mid-day trading on Wednesday, reaching $35.04. The company had a trading volume of 105,926 shares, compared to its average volume of 60,934. Regional Management Corp. has a fifty-two week low of $25.41 and a fifty-two week high of $46.00. The company has a market capitalization of $340.25 million, a price-to-earnings ratio of 7.87 and a beta of 1.06. The firm has a fifty day simple moving average of $37.93 and a 200 day simple moving average of $38.90.

Regional Management (NYSE:RM) last issued its quarterly earnings results on Wednesday, February 4th. The credit services provider reported $1.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.23 by $0.07. The company had revenue of ($165.49) million during the quarter, compared to the consensus estimate of $167.90 million. Regional Management had a net margin of 6.88% and a return on equity of 12.19%. As a group, analysts predict that Regional Management Corp. will post 4.7 earnings per share for the current year.

Regional Management Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders of record on Thursday, February 19th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend is Thursday, February 19th. Regional Management’s dividend payout ratio (DPR) is 26.97%.

Analysts Set New Price Targets

RM has been the subject of several recent analyst reports. Zacks Research upgraded shares of Regional Management from a “strong sell” rating to a “hold” rating in a research report on Monday, January 5th. Weiss Ratings restated a “hold (c+)” rating on shares of Regional Management in a research note on Monday, December 29th. Finally, Wall Street Zen cut Regional Management from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 7th. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $30.00.

Institutional Investors Weigh In On Regional Management

Several hedge funds have recently modified their holdings of the stock. Ameritas Investment Partners Inc. lifted its stake in shares of Regional Management by 41.1% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 947 shares of the credit services provider’s stock worth $28,000 after acquiring an additional 276 shares during the period. CWM LLC lifted its holdings in shares of Regional Management by 43.7% in the 3rd quarter. CWM LLC now owns 1,065 shares of the credit services provider’s stock valued at $41,000 after buying an additional 324 shares during the period. Russell Investments Group Ltd. lifted its holdings in shares of Regional Management by 9.9% in the 4th quarter. Russell Investments Group Ltd. now owns 3,876 shares of the credit services provider’s stock valued at $150,000 after buying an additional 350 shares during the period. Royal Bank of Canada boosted its stake in shares of Regional Management by 2.4% in the first quarter. Royal Bank of Canada now owns 16,200 shares of the credit services provider’s stock valued at $487,000 after buying an additional 375 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Regional Management by 9.7% during the second quarter. JPMorgan Chase & Co. now owns 4,824 shares of the credit services provider’s stock worth $141,000 after acquiring an additional 425 shares during the period. 98.89% of the stock is owned by institutional investors and hedge funds.

Regional Management Company 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.