Basswood Capital Management, L Buys 7,881 Shares of Regional Management Corp (RM) Stock

Regional Management Corp (NYSE:RM) major shareholder Basswood Capital Management, L bought 7,881 shares of the company’s stock in a transaction that occurred on Saturday, December 29th. The shares were bought at an average price of $26.40 per share, for a total transaction of $208,058.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Basswood Capital Management, L also recently made the following trade(s):

  • On Tuesday, January 2nd, Basswood Capital Management, L bought 13,786 shares of Regional Management stock. The shares were bought at an average price of $26.31 per share, for a total transaction of $362,709.66.

Regional Management Corp (NYSE RM) traded down $0.29 during trading hours on Wednesday, reaching $26.04. The company’s stock had a trading volume of 104,793 shares, compared to its average volume of 76,650. The company has a quick ratio of 39.39, a current ratio of 39.39 and a debt-to-equity ratio of 2.34. The company has a market capitalization of $303.81, a price-to-earnings ratio of 12.00 and a beta of 1.37. Regional Management Corp has a 12-month low of $18.31 and a 12-month high of $27.56.

Several research firms recently issued reports on RM. BMO Capital Markets reiterated a “hold” rating and set a $25.00 target price on shares of Regional Management in a report on Sunday, November 12th. ValuEngine upgraded Regional Management from a “buy” rating to a “strong-buy” rating in a report on Friday, December 1st. Zacks Investment Research lowered Regional Management from a “hold” rating to a “sell” rating in a report on Tuesday, November 14th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $27.00 target price on shares of Regional Management in a report on Friday, December 22nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and an average target price of $26.40.

A number of large investors have recently added to or reduced their stakes in the business. Teachers Advisors LLC raised its stake in Regional Management by 0.9% in the second quarter. Teachers Advisors LLC now owns 17,045 shares of the credit services provider’s stock valued at $403,000 after buying an additional 152 shares during the period. The Manufacturers Life Insurance Company raised its stake in Regional Management by 6.4% in the second quarter. The Manufacturers Life Insurance Company now owns 9,194 shares of the credit services provider’s stock valued at $218,000 after buying an additional 554 shares during the period. Russell Investments Group Ltd. raised its stake in Regional Management by 22.9% in the second quarter. Russell Investments Group Ltd. now owns 11,930 shares of the credit services provider’s stock valued at $281,000 after buying an additional 2,219 shares during the period. JPMorgan Chase & Co. raised its stake in Regional Management by 3.1% in the second quarter. JPMorgan Chase & Co. now owns 121,725 shares of the credit services provider’s stock valued at $2,876,000 after buying an additional 3,700 shares during the period. Finally, Public Employees Retirement System of Ohio raised its stake in Regional Management by 18.1% in the second quarter. Public Employees Retirement System of Ohio now owns 31,834 shares of the credit services provider’s stock valued at $752,000 after buying an additional 4,881 shares during the period. Hedge funds and other institutional investors own 86.40% of the company’s stock.

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Regional Management Company Profile

Regional Management Corp. is a diversified consumer finance company. The Company provides an array of loan products primarily to customers with limited access to consumer credit from banks, thrifts, credit card companies and other traditional lenders. Its products include small loans, large loans, automobile loans, retail loans, and optional payment and collateral protection insurance products.

Insider Buying and Selling by Quarter for Regional Management (NYSE:RM)

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