Regional Management (NYSE:RM) PT Lowered to $52.00 at BMO Capital Markets

Regional Management (NYSE:RM – Get Rating) had its price target lowered by BMO Capital Markets from $58.00 to $52.00 in a report released on Friday, The Fly reports.

Several other brokerages have also recently issued reports on RM. StockNews.com cut Regional Management from a strong-buy rating to a buy rating in a research report on Friday, April 8th. Keefe, Bruyette & Woods lowered their price objective on Regional Management from $53.00 to $41.00 in a research report on Monday, July 11th.

Regional Management Trading Down 4.6 %

Regional Management stock opened at $39.19 on Friday. The company has a debt-to-equity ratio of 3.76, a current ratio of 30.17 and a quick ratio of 30.17. Regional Management has a one year low of $36.50 and a one year high of $67.60. The stock has a market capitalization of $378.97 million, a PE ratio of 4.86 and a beta of 1.38. The business’s fifty day moving average is $40.59 and its 200 day moving average is $45.38.

Regional Management (NYSE:RM – Get Rating) last announced its earnings results on Wednesday, May 4th. The credit services provider reported $2.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.91 by $0.76. The business had revenue of $120.85 million for the quarter, compared to analysts’ expectations of $117.18 million. Regional Management had a return on equity of 28.56% and a net margin of 17.23%. During the same period last year, the firm posted $2.31 earnings per share. On average, sell-side analysts predict that Regional Management will post 7.57 EPS for the current year.

Regional Management Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Wednesday, August 24th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.06%. The ex-dividend date of this dividend is Tuesday, August 23rd. Regional Management’s dividend payout ratio (DPR) is presently 14.89%.

Insider Activity at Regional Management

In related news, Director Sandra K. Johnson sold 1,687 shares of Regional Management stock in a transaction that occurred on Monday, May 23rd. The stock was sold at an average price of $44.77, for a total transaction of $75,526.99. Following the sale, the director now owns 4,997 shares of the company’s stock, valued at approximately $223,715.69. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 8.90% of the stock is owned by corporate insiders.

Institutional Trading of Regional Management

Large investors have recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. increased its stake in Regional Management by 18.6% in the 1st quarter. Assenagon Asset Management S.A. now owns 39,328 shares of the credit services provider’s stock worth $1,910,000 after acquiring an additional 6,174 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new stake in Regional Management in the fourth quarter worth $1,496,000. Khrom Capital Management LLC boosted its stake in Regional Management by 12.2% during the fourth quarter. Khrom Capital Management LLC now owns 174,139 shares of the credit services provider’s stock worth $10,006,000 after buying an additional 19,000 shares during the period. MBM Wealth Consultants LLC increased its position in Regional Management by 10.8% during the fourth quarter. MBM Wealth Consultants LLC now owns 6,574 shares of the credit services provider’s stock valued at $378,000 after acquiring an additional 641 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. increased its position in Regional Management by 0.4% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 61,976 shares of the credit services provider’s stock valued at $3,561,000 after acquiring an additional 275 shares during the last quarter. Institutional investors own 89.95% of the company’s stock.

About Regional Management

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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.