Regional Management (NYSE:RM) Stock Price Crosses Above 200-Day Moving Average of $24.21

Shares of Regional Management Corp. (NYSE:RM) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred 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.

Analyst Ratings Changes

RM has been the subject of a number of recent research reports. Stephens reissued an “equal weight” rating and set a $30.00 price target on shares of Regional Management in a research note on Thursday, February 8th. StockNews.com raised shares of Regional Management from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, April 2nd.

Regional Management Stock Performance

The company has a debt-to-equity ratio of 4.33, a current ratio of 41.17 and a quick ratio of 41.16. The firm has a market capitalization of $248.33 million, a P/E ratio of 15.34 and a beta of 1.47. The stock’s 50 day moving average is $23.74 and its two-hundred day moving average is $24.20.

Regional Management (NYSE:RM) last posted its quarterly earnings results on Wednesday, February 7th. The credit services provider reported $0.54 earnings per share for the quarter, topping 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 business had revenue of $141.66 million during the quarter, compared to the consensus estimate of $140.68 million. As a group, equities analysts anticipate that Regional Management Corp. will post 3.88 earnings per share for the current fiscal year.

Regional Management Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 14th. Shareholders of record on Thursday, February 22nd were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 4.77%. The ex-dividend date was Wednesday, February 21st. Regional Management’s payout ratio is presently 73.17%.

Insider Buying and Selling at Regional Management

In other Regional Management news, Director Basswood Capital Management, L sold 13,000 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $22.36, for a total value of $290,680.00. Following the completion of the sale, the director now owns 486,365 shares of the company’s stock, valued at $10,875,121.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 9.80% of the company’s stock.

Institutional Investors Weigh In On Regional Management

Large investors have recently made changes to their positions in the stock. PNC Financial Services Group Inc. bought a new stake in shares of Regional Management during the second quarter worth $28,000. Tower Research Capital LLC TRC increased its position in shares of Regional Management by 145.6% during the first quarter. Tower Research Capital LLC TRC now owns 1,999 shares of the credit services provider’s stock worth $52,000 after acquiring an additional 1,185 shares in the last quarter. Quantbot Technologies LP boosted its holdings in Regional Management by 120.0% during the first quarter. Quantbot Technologies LP now owns 1,100 shares of the credit services provider’s stock worth $53,000 after purchasing an additional 600 shares during the last quarter. Qube Research & Technologies Ltd acquired a new position in Regional Management during the third quarter worth $70,000. Finally, BNP Paribas Arbitrage SA boosted its holdings in Regional Management by 76.4% during the second quarter. BNP Paribas Arbitrage SA now owns 1,977 shares of the credit services provider’s stock worth $74,000 after purchasing an additional 856 shares during the last quarter. Institutional investors own 98.89% of the company’s stock.

About Regional Management

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.