Shares of Regional Management Corp. (NYSE:RM) have earned a consensus recommendation of “Hold” from the six ratings firms that are covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, one has given a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $26.50.
RM has been the subject of several research analyst reports. Zacks Investment Research lowered Regional Management from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 6th. ValuEngine lowered Regional Management from a “hold” rating to a “sell” rating in a research note on Monday, November 2nd. BMO Capital Markets reissued an “outperform” rating and issued a $33.00 target price on shares of Regional Management in a research note on Sunday, August 16th. Finally, Janney Montgomery Scott lowered Regional Management from a “buy” rating to a “neutral” rating in a research note on Thursday, November 12th.
In other Regional Management news, Director Roel C. Campos purchased 1,000 shares of Regional Management stock in a transaction that occurred on Thursday, November 5th. The shares were bought at an average price of $25.85 per share, for a total transaction of $25,850.00. Following the acquisition, the director now directly owns 70,207 shares in the company, valued at $1,814,850.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Roel C. Campos purchased 5,000 shares of Regional Management stock in a transaction that occurred on Tuesday, November 3rd. The shares were acquired at an average price of $22.52 per share, for a total transaction of $112,600.00. Following the acquisition, the director now owns 70,207 shares in the company, valued at $1,581,061.64. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 8,500 shares of company stock worth $191,175. 11.90% of the stock is owned by company insiders.
Several hedge funds have recently bought and sold shares of RM. Cannell Capital LLC grew its holdings in shares of Regional Management by 321.2% during the 3rd quarter. Cannell Capital LLC now owns 356,916 shares of the credit services provider’s stock worth $5,946,000 after acquiring an additional 272,177 shares during the period. Acuitas Investments LLC purchased a new position in shares of Regional Management during the 3rd quarter worth approximately $2,163,000. WINTON GROUP Ltd grew its holdings in shares of Regional Management by 338.5% during the 2nd quarter. WINTON GROUP Ltd now owns 129,654 shares of the credit services provider’s stock worth $2,296,000 after acquiring an additional 100,085 shares during the period. Goldman Sachs Group Inc. grew its holdings in shares of Regional Management by 74.8% during the 2nd quarter. Goldman Sachs Group Inc. now owns 69,000 shares of the credit services provider’s stock worth $1,222,000 after acquiring an additional 29,534 shares during the period. Finally, Second Curve Capital LLC grew its holdings in shares of Regional Management by 30.3% during the 3rd quarter. Second Curve Capital LLC now owns 108,137 shares of the credit services provider’s stock worth $1,802,000 after acquiring an additional 25,137 shares during the period. Hedge funds and other institutional investors own 79.09% of the company’s stock.
Shares of RM stock opened at $28.89 on Monday. The company has a quick ratio of 26.32, a current ratio of 26.32 and a debt-to-equity ratio of 2.60. The business has a 50-day moving average price of $24.38 and a two-hundred day moving average price of $19.23. Regional Management has a 12-month low of $10.33 and a 12-month high of $31.86. The firm has a market cap of $327.50 million, a P/E ratio of 11.20 and a beta of 1.38.
Regional Management (NYSE:RM) last issued its quarterly earnings results on Thursday, October 29th. The credit services provider reported $1.01 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.38. Regional Management had a return on equity of 17.49% and a net margin of 7.83%. The firm had revenue of $90.54 million during the quarter, compared to analyst estimates of $84.62 million. As a group, research analysts expect that Regional Management will post 2.98 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, December 4th. Stockholders of record on Tuesday, November 17th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date was Monday, November 16th. Regional Management’s dividend payout ratio (DPR) is presently 21.05%.
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. It offers small and large installment loans; retail loans to finance the purchase of furniture, appliances, and other retail products; insurance products, including credit life, credit accident and health, credit property, vehicle single interest, and credit involuntary unemployment insurance; collateral protection insurance; and property insurance, as well as reinsurance products.
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