Regional Management (NYSE:RM) Share Price Crosses Above Two Hundred Day Moving Average of $24.21

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 $24.21 and traded as high as $25.12. Regional Management shares last traded at $25.00, with a volume of 44,106 shares trading hands.

Wall Street Analyst Weigh In

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

Regional Management Stock Up 1.8 %

The company has a quick ratio of 41.16, a current ratio of 41.17 and a debt-to-equity ratio of 4.33. The company has a market capitalization of $244 million, a PE ratio of 15.24 and a beta of 1.47. The business’s 50 day simple moving average is $23.65 and its 200 day simple moving average is $24.21.

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

Regional Management Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 14th. Stockholders of record on Thursday, February 22nd were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.80%. The ex-dividend date of this dividend was Wednesday, February 21st. Regional Management’s dividend payout ratio (DPR) is 73.17%.

Insider Transactions at Regional Management

In related news, Director Basswood Capital Management, L purchased 4,287 shares of Regional Management stock in a transaction dated Thursday, March 7th. The stock was acquired at an average cost of $22.99 per share, with a total value of $98,558.13. Following the completion of the transaction, the director now directly owns 470,895 shares of the company’s stock, valued at $10,825,876.05. The transaction 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 hedge funds have recently made changes to their positions in RM. BlackRock Inc. raised its position in Regional Management by 5.4% during the second quarter. BlackRock Inc. now owns 1,106,176 shares of the credit services provider’s stock valued at $33,738,000 after acquiring an additional 56,424 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Regional Management by 1.7% during the first quarter. Dimensional Fund Advisors LP now owns 776,815 shares of the credit services provider’s stock valued at $20,267,000 after acquiring an additional 13,304 shares in the last quarter. Vanguard Group Inc. raised its position in Regional Management by 3.6% during the third quarter. Vanguard Group Inc. now owns 441,388 shares of the credit services provider’s stock valued at $12,377,000 after acquiring an additional 15,161 shares in the last quarter. Goldman Sachs Group Inc. raised its position in Regional Management by 7.1% during the first quarter. Goldman Sachs Group Inc. now owns 161,199 shares of the credit services provider’s stock valued at $7,829,000 after acquiring an additional 10,634 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in Regional Management by 1.6% during the second quarter. Geode Capital Management LLC now owns 159,155 shares of the credit services provider’s stock valued at $4,854,000 after acquiring an additional 2,537 shares in the last quarter. 98.89% of the stock is owned by hedge funds and other institutional investors.

Regional Management Company Profile

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.