Regional Management (NYSE:RM) Share Price Crosses Above Two Hundred Day Moving Average – Here’s Why

Shares of Regional Management Corp. (NYSE:RM) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $36.77 and traded as high as $37.85. Regional Management shares last traded at $37.7950, with a volume of 84,558 shares trading hands.

Analyst Ratings Changes

A number of research analysts have weighed in on RM shares. Weiss Ratings reissued a “hold (c+)” rating on shares of Regional Management in a research note on Monday, December 29th. Wall Street Zen lowered Regional Management from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 7th. Finally, Zacks Research raised Regional Management from a “strong sell” rating to a “hold” rating in a report on Monday, January 5th. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $30.00.

Regional Management Stock Up 0.6%

The company has a debt-to-equity ratio of 4.40, a current ratio of 49.92 and a quick ratio of 49.92. The business’s 50 day simple moving average is $33.48 and its 200 day simple moving average is $36.75. The company has a market capitalization of $356.25 million, a PE ratio of 8.58 and a beta of 1.03.

Regional Management (NYSE:RM) last posted its earnings results on Wednesday, February 4th. The credit services provider reported $1.30 earnings per share for the quarter, beating the consensus estimate of $1.23 by $0.07. The company had revenue of ($165.49) million for the quarter, compared to analyst estimates of $167.90 million. Regional Management had a net margin of 6.88% and a return on equity of 12.12%. As a group, analysts anticipate that Regional Management Corp. will post 4.7 earnings per share for the current fiscal year.

Regional Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 12th. Investors of record on Thursday, February 19th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.1%. The ex-dividend date was Thursday, February 19th. Regional Management’s dividend payout ratio is presently 26.97%.

Insider Transactions at Regional Management

In other Regional Management news, SVP Catherine R. Atwood sold 2,600 shares of the firm’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $35.02, for a total transaction of $91,052.00. Following the completion of the sale, the senior vice president owned 43,942 shares of the company’s stock, valued at $1,538,848.84. This trade represents a 5.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 10.50% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Regional Management

Several large investors have recently modified their holdings of RM. State of Alaska Department of Revenue acquired a new stake in shares of Regional Management during the 4th quarter worth about $25,000. Wexford Capital LP purchased a new stake in Regional Management in the 3rd quarter valued at about $32,000. Advisory Services Network LLC acquired a new position in Regional Management in the third quarter valued at about $39,000. CWM LLC lifted its position in Regional Management by 43.7% in the third 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 last quarter. Finally, Kestra Advisory Services LLC purchased a new position in Regional Management during the fourth quarter worth about $49,000. Institutional investors and hedge funds own 98.89% of the company’s stock.

About Regional Management

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.