Regional Management Corp. (NYSE:RM) Director Basswood Capital Management, L Buys 15,000 Shares of Stock

Regional Management Corp. (NYSE:RMGet Free Report) Director Basswood Capital Management, L purchased 15,000 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The shares were purchased at an average cost of $24.59 per share, for a total transaction of $368,850.00. Following the completion of the transaction, the director now owns 475,484 shares in the company, valued at approximately $11,692,151.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

  • On Thursday, March 7th, Basswood Capital Management, L bought 4,287 shares of Regional Management stock. The stock was bought at an average cost of $22.99 per share, for a total transaction of $98,558.13.
  • On Thursday, February 15th, Basswood Capital Management, L sold 13,000 shares of Regional Management stock. The stock was sold at an average price of $22.36, for a total value of $290,680.00.

Regional Management Trading Down 2.1 %

Shares of RM stock opened at $23.63 on Wednesday. The stock has a 50-day simple moving average of $24.11 and a 200 day simple moving average of $24.81. Regional Management Corp. has a fifty-two week low of $20.50 and a fifty-two week high of $34.60. The stock has a market capitalization of $230.63 million, a P/E ratio of 14.41 and a beta of 1.47. The company has a quick ratio of 41.16, a current ratio of 41.17 and a debt-to-equity ratio of 4.33.

Regional Management (NYSE:RMGet Free Report) last announced its earnings results on Wednesday, February 7th. The credit services provider reported $0.54 EPS for the quarter, beating the consensus estimate of $0.37 by $0.17. Regional Management had a return on equity of 8.85% and a net margin of 2.89%. The business had revenue of $141.66 million during the quarter, compared to the consensus estimate of $140.68 million. On average, sell-side analysts expect that Regional Management Corp. will post 4.07 earnings per share for the current fiscal year.

Regional Management Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 14th. Investors of record on Thursday, February 22nd will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 5.08%. The ex-dividend date of this dividend is Wednesday, February 21st. Regional Management’s dividend payout ratio is currently 73.17%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. StockNews.com raised Regional Management from a “buy” rating to a “strong-buy” rating in a research note on Thursday, March 7th. Stephens reaffirmed an “equal weight” rating and set a $30.00 target price on shares of Regional Management in a research note on Thursday, February 8th.

Get Our Latest Analysis on Regional Management

Institutional Investors Weigh In On Regional Management

Several hedge funds have recently bought and sold shares of the business. PNC Financial Services Group Inc. purchased a new stake in shares of Regional Management during the 2nd quarter worth about $28,000. Tower Research Capital LLC TRC grew its holdings in Regional Management by 145.6% in the 1st quarter. Tower Research Capital LLC TRC now owns 1,999 shares of the credit services provider’s stock valued at $52,000 after buying an additional 1,185 shares during the last quarter. Quantbot Technologies LP grew its holdings in Regional Management by 120.0% in the 1st quarter. Quantbot Technologies LP now owns 1,100 shares of the credit services provider’s stock valued at $53,000 after buying an additional 600 shares during the last quarter. Qube Research & Technologies Ltd acquired a new stake in Regional Management in the 3rd quarter valued at approximately $70,000. Finally, BNP Paribas Arbitrage SA grew its holdings in Regional Management by 76.4% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 1,977 shares of the credit services provider’s stock valued at $74,000 after buying an additional 856 shares during the last quarter. 80.25% of the stock is owned by hedge funds and other institutional investors.

Regional Management Company Profile

(Get Free Report)

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.

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