Insider Buying: Regional Management Corp. (NYSE:RM) Director Acquires 8,091 Shares of Stock

Regional Management Corp. (NYSE:RM) Director Basswood Capital Management, L purchased 8,091 shares of Regional Management stock in a transaction that occurred on Monday, May 6th. The shares were acquired at an average price of $30.04 per share, for a total transaction of $243,053.64. Following the acquisition, the director now owns 478,892 shares in the company, valued at $14,385,915.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Basswood Capital Management, L also recently made the following trade(s):

• On Monday, March 11th, Basswood Capital Management, L purchased 15,000 shares of Regional Management stock. The stock was acquired at an average cost of $24.59 per share, with a total value of $368,850.00.
• On Thursday, March 7th, Basswood Capital Management, L bought 4,287 shares of Regional Management stock. The stock was bought at an average cost of $22.99 per share, with a total value of $98,558.13.
• On Thursday, February 15th, Basswood Capital Management, L sold 13,000 shares of Regional Management stock. The stock was sold at an average price of $22.36, for a total value of $290,680.00.

Regional Management Stock Down 2.1 %

Shares of RM traded down $0.64 during mid-day trading on Wednesday, reaching $29.80. The company had a trading volume of 31,097 shares, compared to its average volume of 26,294. The firm has a 50-day moving average price of $24.78 and a 200 day moving average price of $24.26. The company has a market capitalization of $294.07 million, a price-to-earnings ratio of 13.32 and a beta of 1.45. Regional Management Corp. has a 52 week low of $20.50 and a 52 week high of $34.60. The company has a debt-to-equity ratio of 4.33, a quick ratio of 41.16 and a current ratio of 41.17.

Regional Management (NYSE:RM) last issued its quarterly earnings results on Wednesday, May 1st. The credit services provider reported $1.56 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.69. The firm had revenue of $144.31 million during the quarter, compared to the consensus estimate of $140.02 million. Regional Management had a return on equity of 10.80% and a net margin of 4.01%. During the same period last year, the company earned $0.90 earnings per share. On average, sell-side analysts forecast that Regional Management Corp. will post 4.24 EPS for the current year.

Regional Management Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 12th. Shareholders of record on Wednesday, May 22nd will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, May 21st. This represents a $1.20 annualized dividend and a yield of 4.03%. Regional Management’s dividend payout ratio is 52.17%.

Institutional Investors Weigh In On Regional Management

Several large investors have recently bought and sold shares of RM. Quadrature Capital Ltd grew its holdings in shares of Regional Management by 7.5% in the fourth quarter. Quadrature Capital Ltd now owns 13,634 shares of the credit services provider’s stock worth $340,000 after acquiring an additional 957 shares during the period. BNP Paribas Financial Markets lifted its holdings in Regional Management by 53.4% in the first quarter. BNP Paribas Financial Markets now owns 3,974 shares of the credit services provider’s stock valued at $96,000 after acquiring an additional 1,383 shares during the period. Barclays PLC boosted its position in Regional Management by 15.3% in the third quarter. Barclays PLC now owns 11,548 shares of the credit services provider’s stock worth $319,000 after purchasing an additional 1,534 shares during the last quarter. Hsbc Holdings PLC grew its stake in shares of Regional Management by 34.1% during the 3rd quarter. Hsbc Holdings PLC now owns 9,121 shares of the credit services provider’s stock valued at $258,000 after purchasing an additional 2,317 shares during the period. Finally, Empowered Funds LLC increased its position in shares of Regional Management by 8.1% during the 1st quarter. Empowered Funds LLC now owns 36,939 shares of the credit services provider’s stock valued at $894,000 after purchasing an additional 2,767 shares during the last quarter. 98.89% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on RM shares. Stephens restated an “equal weight” rating and issued a $30.00 target price on shares of Regional Management in a research note on Thursday, February 8th. Keefe, Bruyette & Woods raised their price objective on Regional Management from $26.00 to $28.00 and gave the company a “market perform” rating in a research report on Friday, May 3rd. Finally, StockNews.com raised shares of Regional Management from a “buy” rating to a “strong-buy” rating in a research report on Thursday, May 2nd.

Regional Management Company Profile

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.