Key Points
- CEO Lakhbir Lamba bought 6,500 Regional Management shares at an average price of $31.59, investing $205,335 and increasing his direct ownership by 14.21% to 52,234 shares.
- Regional Management reported quarterly EPS of $0.85, beating estimates by $0.04, while revenue of $168.01 million also exceeded expectations.
- The company declared a quarterly dividend of $0.30 per share, equivalent to an annualized $1.20 payout and a 3.7% yield; analysts’ consensus rating remains “Moderate Buy” with a $43 target price.
Regional Management Corp. (NYSE:RM - Get Free Report) CEO Lakhbir Lamba acquired 3,500 shares of the business's stock in a transaction that occurred on Wednesday, August 12th. The shares were acquired at an average cost of $31.76 per share, for a total transaction of $111,160.00. Following the completion of the acquisition, the chief executive officer owned 55,734 shares of the company's stock, valued at $1,770,111.84. This trade represents a 6.70% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Regional Management Stock Performance
Shares of NYSE:RM opened at $32.65 on Friday. The firm has a 50 day moving average of $38.55 and a 200 day moving average of $36.19. The company has a quick ratio of 64.04, a current ratio of 64.04 and a debt-to-equity ratio of 4.41. The company has a market capitalization of $301.36 million, a price-to-earnings ratio of 6.87 and a beta of 1.02. Regional Management Corp. has a 52 week low of $30.46 and a 52 week high of $46.00.
Regional Management (NYSE:RM - Get Free Report) last announced its earnings results on Wednesday, July 29th. The credit services provider reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.04. Regional Management had a return on equity of 12.49% and a net margin of 6.98%.The business had revenue of $168.01 million for the quarter, compared to analysts' expectations of $165.69 million.
Regional Management Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Wednesday, August 19th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.7%. The ex-dividend date is Wednesday, August 19th. Regional Management's payout ratio is 25.26%.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the stock. State of Alaska Department of Revenue purchased a new stake in Regional Management during the fourth quarter worth $25,000. Wexford Capital LP purchased a new position in Regional Management in the third quarter valued at $32,000. Advisory Services Network LLC purchased a new position in Regional Management in the third quarter valued at $39,000. Kestra Advisory Services LLC acquired a new position in shares of Regional Management in the fourth quarter worth about $49,000. Finally, BNP Paribas Financial Markets raised its position in shares of Regional Management by 45.3% in the third 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 period. 98.89% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of research firms have recently weighed in on RM. Citigroup restated a "market outperform" rating on shares of Regional Management in a report on Thursday, July 30th. Wall Street Zen cut shares of Regional Management from a "buy" rating to a "hold" rating in a research report on Sunday, August 9th. Citizens Jmp lowered their target price on shares of Regional Management from $45.00 to $43.00 and set a "market outperform" rating for the company in a research note on Thursday, July 30th. Finally, Weiss Ratings lowered shares of Regional Management from a "hold (c+)" rating to a "hold (c)" rating in a report on Friday, August 7th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $43.00.
Get Our Latest Analysis on Regional Management
About Regional Management
(
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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