Regional Management (NYSE:RM) Now Covered by Stephens

Stephens initiated coverage on shares of Regional Management (NYSE:RM) in a report published on Wednesday, Marketbeat reports. The brokerage issued an overweight rating and a $38.00 price objective on the credit services provider’s stock.

Separately, Keefe, Bruyette & Woods boosted their target price on Regional Management from $28.00 to $33.00 and gave the stock a “market perform” rating in a research report on Thursday, August 1st.

Regional Management Trading Down 1.4 %

Regional Management stock traded down $0.42 during trading hours on Wednesday, reaching $29.67. 49,890 shares of the company’s stock traded hands, compared to its average volume of 26,341. The firm’s 50 day moving average is $31.05 and its 200-day moving average is $29.90. Regional Management has a fifty-two week low of $20.50 and a fifty-two week high of $34.15. The firm has a market capitalization of $301.45 million, a price-to-earnings ratio of 12.47 and a beta of 1.53. The company has a debt-to-equity ratio of 3.94, a quick ratio of 49.53 and a current ratio of 44.42.

Regional Management Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Thursday, November 21st will be paid a $0.30 dividend. The ex-dividend date is Thursday, November 21st. This represents a $1.20 annualized dividend and a yield of 4.04%. Regional Management’s payout ratio is currently 50.42%.

Institutional Trading of Regional Management

Institutional investors and hedge funds have recently bought and sold shares of the business. BNP Paribas Financial Markets lifted its holdings in shares of Regional Management by 53.4% during the first quarter. BNP Paribas Financial Markets now owns 3,974 shares of the credit services provider’s stock worth $96,000 after buying an additional 1,383 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Regional Management in the third quarter valued at approximately $105,000. Allspring Global Investments Holdings LLC boosted its stake in shares of Regional Management by 81,883.3% in the second quarter. Allspring Global Investments Holdings LLC now owns 4,919 shares of the credit services provider’s stock valued at $141,000 after buying an additional 4,913 shares during the period. EMC Capital Management grew its position in Regional Management by 8.1% during the first quarter. EMC Capital Management now owns 6,100 shares of the credit services provider’s stock worth $148,000 after buying an additional 459 shares in the last quarter. Finally, Summit Global Investments bought a new position in Regional Management during the 3rd quarter worth $209,000. 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.