Sandra Johnson Sells 1,000 Shares of Regional Management (NYSE:RM) Stock

Regional Management Corp. (NYSE:RM) Director Sandra Johnson sold 1,000 shares of the firm’s 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 completion of the transaction, the director directly owned 21,933 shares of the company’s stock, valued at $789,588. The trade was a 4.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Regional Management Price Performance

Regional Management stock opened at $36.29 on Friday. Regional Management Corp. has a one year low of $26.06 and a one year high of $46.00. The business has a fifty day moving average price of $35.34 and a 200-day moving average price of $36.18. The company has a debt-to-equity ratio of 4.30, a current ratio of 59.88 and a quick ratio of 59.88. The firm has a market capitalization of $334.18 million, a P/E ratio of 7.36 and a beta of 1.04.

Regional Management (NYSE:RM) last posted its quarterly 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. Regional Management had a return on equity of 13.16% and a net margin of 7.40%.The firm had revenue of $167.29 million during the quarter, compared to analyst estimates of $161.55 million.

Regional Management Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Wednesday, May 20th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend is Wednesday, May 20th. Regional Management’s dividend payout ratio is 24.34%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Citizens Jmp raised shares of Regional Management from a “market perform” rating to an “outperform” rating and set a $45.00 target price on the stock in a report on Thursday, May 21st. Citigroup raised shares of Regional Management to an “outperform” rating in a report on Thursday, May 21st. Wall Street Zen lowered shares of Regional Management from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 7th. Finally, Weiss Ratings lowered shares of Regional Management from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, May 21st. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $45.00.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RM. State of Alaska Department of Revenue purchased a new position in Regional Management in the fourth quarter worth $25,000. Wexford Capital LP purchased a new stake in Regional Management in the third quarter worth approximately $32,000. Advisory Services Network LLC purchased a new stake in Regional Management in the third quarter worth approximately $39,000. Kestra Advisory Services LLC purchased a new stake in Regional Management in the fourth quarter worth approximately $49,000. Finally, BNP Paribas Financial Markets boosted its stake in Regional Management by 45.3% in the third quarter. BNP Paribas Financial Markets now owns 2,077 shares of the credit services provider’s stock worth $81,000 after buying an additional 648 shares in the last quarter. 98.89% of the stock is currently owned by hedge funds and other institutional investors.

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.