Regional Management (NYSE:RM) Now Covered by Stephens

Stephens began coverage on shares of Regional Management (NYSE:RM) in a research note issued to investors on Wednesday morning, MarketBeat.com reports. The brokerage issued an overweight rating and a $38.00 price objective on the credit services provider’s stock.

Separately, Keefe, Bruyette & Woods increased their target price on shares of Regional Management from $28.00 to $33.00 and gave the stock a “market perform” rating in a research report on Thursday, August 1st.

Regional Management Stock Down 0.2 %

Shares of NYSE RM opened at $29.67 on Wednesday. The company has a debt-to-equity ratio of 3.94, a current ratio of 44.42 and a quick ratio of 49.53. The stock has a market capitalization of $301.45 million, a PE ratio of 12.47 and a beta of 1.53. Regional Management has a one year low of $20.50 and a one year high of $34.15. The business’s fifty day moving average price is $30.99 and its 200-day moving average price is $29.95.

Regional Management Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Thursday, November 21st will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $1.20 dividend on an annualized basis and a yield of 4.04%. Regional Management’s dividend payout ratio (DPR) is 50.42%.

Institutional Investors Weigh In On Regional Management

Several hedge funds and other institutional investors have recently modified their holdings of RM. Vanguard Group Inc. grew its stake in Regional Management by 3.1% during the first quarter. Vanguard Group Inc. now owns 443,851 shares of the credit services provider’s stock valued at $10,746,000 after acquiring an additional 13,414 shares in the last quarter. Tieton Capital Management LLC grew its position in shares of Regional Management by 94.1% during the 2nd quarter. Tieton Capital Management LLC now owns 207,390 shares of the credit services provider’s stock valued at $5,960,000 after purchasing an additional 100,560 shares in the last quarter. Renaissance Technologies LLC increased its holdings in shares of Regional Management by 0.9% in the second quarter. Renaissance Technologies LLC now owns 201,537 shares of the credit services provider’s stock worth $5,792,000 after purchasing an additional 1,800 shares during the period. Geode Capital Management LLC boosted its stake in Regional Management by 3.4% during the third quarter. Geode Capital Management LLC now owns 191,823 shares of the credit services provider’s stock valued at $6,276,000 after buying an additional 6,288 shares during the period. Finally, State Street Corp grew its position in Regional Management by 0.6% during the third quarter. State Street Corp now owns 152,572 shares of the credit services provider’s stock worth $4,991,000 after buying an additional 971 shares in the last quarter. 98.89% of the stock is currently owned by institutional investors.

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.