Key Points
- Regional Management director Sandra Johnson sold 1,000 shares on May 26 at an average price of $36.00, totaling $36,000. After the sale, she still held 21,933 shares worth about $789,588.
- The company recently beat quarterly earnings expectations, reporting EPS of $1.18 versus the $0.98 consensus and revenue of $167.29 million, above estimates.
- Regional Management also announced a quarterly dividend of $0.30 per share, equal to a 3.3% annualized yield, while analysts currently have a consensus rating of Moderate Buy with a $45.00 price target.
Regional Management Corp. (NYSE:RM - Get Free Report) Director Sandra Johnson sold 1,000 shares of Regional Management stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $36.00, for a total transaction of $36,000.00. Following the completion of the sale, the director directly owned 21,933 shares of the company's stock, valued at approximately $789,588. The trade was a 4.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Regional Management Stock Performance
NYSE RM opened at $36.56 on Thursday. The company has a fifty day simple moving average of $35.25 and a 200 day simple moving average of $36.19. Regional Management Corp. has a 12-month low of $26.06 and a 12-month high of $46.00. The company has a current ratio of 59.88, a quick ratio of 59.88 and a debt-to-equity ratio of 4.30. The company has a market cap of $336.63 million, a P/E ratio of 7.42 and a beta of 1.04.
Regional Management (NYSE:RM - Get Free Report) last posted its quarterly earnings results on Wednesday, April 29th. The credit services provider reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.20. Regional Management had a net margin of 7.40% and a return on equity of 13.16%. The business had revenue of $167.29 million during the quarter, compared to the consensus estimate of $161.55 million.
Regional Management Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Wednesday, May 20th will be given a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, May 20th. This represents a $1.20 annualized dividend and a yield of 3.3%. Regional Management's dividend payout ratio (DPR) is presently 24.34%.
Analysts Set New Price Targets
Several analysts recently issued reports on RM shares. Citigroup raised shares of Regional Management to an "outperform" rating in a research report on Thursday, May 21st. Weiss Ratings downgraded shares of Regional Management from a "hold (c+)" rating to a "hold (c)" rating in a report on Thursday, May 21st. Citizens Jmp raised shares of Regional Management from a "market perform" rating to an "outperform" rating and set a $45.00 price objective on the stock in a report on Thursday, May 21st. Finally, Wall Street Zen downgraded shares of Regional Management from a "strong-buy" rating to a "buy" rating in a report on Saturday, February 7th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Regional Management has a consensus rating of "Moderate Buy" and a consensus price target of $45.00.
Check Out Our Latest Stock Analysis on Regional Management
Hedge Funds Weigh In On Regional Management
Hedge funds have recently bought and sold shares of the company. State of Alaska Department of Revenue purchased a new position in Regional Management during the 4th quarter worth $25,000. Wexford Capital LP purchased a new position in Regional Management during the 3rd quarter worth $32,000. Advisory Services Network LLC purchased a new position in Regional Management during the 3rd quarter worth $39,000. Kestra Advisory Services LLC purchased a new position in Regional Management during the 4th quarter worth $49,000. Finally, BNP Paribas Financial Markets boosted its holdings in Regional Management by 45.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,077 shares of the credit services provider's stock worth $81,000 after acquiring an additional 648 shares during the last quarter. 98.89% of the stock is owned by hedge funds and other institutional investors.
Regional Management Company Profile
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Get Free Report)
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.
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