Regional Management (RM) Reaches New 12-Month High and Low at $36.73

Shares of Regional Management (NYSE:RM) reached a new 52-week high and low during mid-day trading on Thursday . The stock traded as low as $36.73 and last traded at $36.65, with a volume of 1746 shares trading hands. The stock had previously closed at $35.30.

Several equities analysts recently commented on RM shares. ValuEngine raised shares of Regional Management from a “buy” rating to a “strong-buy” rating in a research note on Thursday, February 8th. Zacks Investment Research cut shares of Regional Management from a “buy” rating to a “hold” rating in a research note on Wednesday, March 14th. One analyst has rated the stock with a sell rating, five have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $29.86.

The company has a debt-to-equity ratio of 2.19, a quick ratio of 48.75 and a current ratio of 48.75. The company has a market capitalization of $412.49 million, a P/E ratio of 15.75 and a beta of 1.18.

Regional Management (NYSE:RM) last announced its quarterly earnings data on Tuesday, May 1st. The credit services provider reported $0.72 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.69 by $0.03. The firm had revenue of $72.63 million during the quarter, compared to analyst estimates of $72.27 million. Regional Management had a net margin of 11.09% and a return on equity of 12.51%. analysts anticipate that Regional Management will post 3.12 earnings per share for the current year.

In other news, Director Roel C. Campos purchased 800 shares of the stock in a transaction that occurred on Tuesday, March 13th. The stock was bought at an average cost of $31.56 per share, for a total transaction of $25,248.00. Following the acquisition, the director now directly owns 29,654 shares of the company’s stock, valued at approximately $935,880.24. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Daniel J. Taggart sold 3,200 shares of the company’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $30.45, for a total transaction of $97,440.00. Following the sale, the senior vice president now owns 3,351 shares of the company’s stock, valued at $102,037.95. The disclosure for this sale can be found here. Corporate insiders own 9.50% of the company’s stock.

A number of large investors have recently bought and sold shares of the stock. Basswood Capital Management L.L.C. raised its holdings in Regional Management by 6.9% during the 4th quarter. Basswood Capital Management L.L.C. now owns 1,537,760 shares of the credit services provider’s stock valued at $40,458,000 after buying an additional 99,275 shares during the last quarter. Second Curve Capital LLC raised its holdings in Regional Management by 70.3% during the 4th quarter. Second Curve Capital LLC now owns 1,078,034 shares of the credit services provider’s stock valued at $28,363,000 after buying an additional 445,000 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Regional Management by 12.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 973,839 shares of the credit services provider’s stock valued at $31,007,000 after buying an additional 104,066 shares during the last quarter. BlackRock Inc. raised its holdings in Regional Management by 2.2% during the 4th quarter. BlackRock Inc. now owns 618,346 shares of the credit services provider’s stock valued at $16,268,000 after buying an additional 13,061 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. raised its holdings in Regional Management by 38.7% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 116,827 shares of the credit services provider’s stock valued at $3,720,000 after buying an additional 32,613 shares during the last quarter. Institutional investors own 87.00% of the company’s stock.

About Regional Management

Regional Management Corp., a diversified consumer finance company, provides various loan products primarily to customers with limited access to consumer credit from banks, thrifts, credit card companies, and other traditional lenders. The company offers small and large installment loans; automobile purchase loans; 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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