Regional Management (NYSE:RM) Stock Price Passes Above Two Hundred Day Moving Average of $24.16

Shares of Regional Management Corp. (NYSE:RM) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $24.16 and traded as high as $25.92. Regional Management shares last traded at $25.22, with a volume of 28,326 shares trading hands.

Analysts Set New Price Targets

A number of research firms have recently weighed in on RM. Stephens reaffirmed an “equal weight” rating and set a $30.00 price objective on shares of Regional Management in a research report on Thursday, February 8th. StockNews.com raised Regional Management from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, April 2nd.

Regional Management Trading Up 0.0 %

The stock has a 50-day moving average price of $24.24 and a two-hundred day moving average price of $24.16. The company has a debt-to-equity ratio of 4.33, a quick ratio of 41.16 and a current ratio of 41.17. The stock has a market capitalization of $248.92 million, a PE ratio of 15.38 and a beta of 1.47.

Regional Management (NYSE:RM) last posted its quarterly earnings results on Wednesday, February 7th. The credit services provider reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.17. Regional Management had a return on equity of 8.85% and a net margin of 2.89%. The company had revenue of $141.66 million for the quarter, compared to analysts’ expectations of $140.68 million. As a group, equities analysts forecast that Regional Management Corp. will post 3.88 earnings per share for the current year.

Regional Management Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 14th. Investors of record on Thursday, February 22nd were issued a $0.30 dividend. The ex-dividend date was Wednesday, February 21st. This represents a $1.20 dividend on an annualized basis and a yield of 4.76%. Regional Management’s dividend payout ratio is presently 73.17%.

Insider Buying and Selling

In other Regional Management news, Director Basswood Capital Management, L purchased 15,000 shares of the stock in a transaction that occurred on Monday, March 11th. The shares were bought at an average cost of $24.59 per share, with a total value of $368,850.00. Following the acquisition, the director now owns 475,484 shares in the company, valued at $11,692,151.56. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 9.80% of the stock is owned by insiders.

Institutional Trading of Regional Management

A number of large investors have recently added to or reduced their stakes in the company. Quadrature Capital Ltd increased its stake in Regional Management by 7.5% in the 4th quarter. Quadrature Capital Ltd now owns 13,634 shares of the credit services provider’s stock worth $340,000 after acquiring an additional 957 shares during the last quarter. BNP Paribas Financial Markets increased its stake in Regional Management by 53.4% in the 1st quarter. BNP Paribas Financial Markets now owns 3,974 shares of the credit services provider’s stock worth $96,000 after acquiring an additional 1,383 shares during the last quarter. Barclays PLC increased its stake in Regional Management by 15.3% in the 3rd quarter. Barclays PLC now owns 11,548 shares of the credit services provider’s stock worth $319,000 after acquiring an additional 1,534 shares during the last quarter. Hsbc Holdings PLC increased its stake in Regional Management by 34.1% in the 3rd quarter. Hsbc Holdings PLC now owns 9,121 shares of the credit services provider’s stock worth $258,000 after acquiring an additional 2,317 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Regional Management by 3.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 107,125 shares of the credit services provider’s stock worth $2,965,000 after acquiring an additional 3,737 shares during the last quarter. Institutional investors own 98.89% of the company’s stock.

About Regional Management

Regional Management Corp., a diversified consumer finance company, provides various installment loan products primarily to customers with limited access to consumer credit from banks, thrifts, credit card companies, and other lenders in the United States. It offers small and large installment loans; and retail loans to finance the purchase of furniture, appliances, and other retail products.