Regional Management (NYSE:RM) Rating Increased to Strong-Buy at StockNews.com

StockNews.com upgraded shares of Regional Management (NYSE:RM - Free Report) from a buy rating to a strong-buy rating in a report published on Saturday morning.

Regional Management Trading Up 0.8 %

Shares of Regional Management stock traded up $0.26 during midday trading on Friday, reaching $33.87. The company had a trading volume of 22,126 shares, compared to its average volume of 34,179. The firm has a market cap of $339.89 million, a PE ratio of 8.14 and a beta of 1.27. The stock has a fifty day moving average price of $31.17 and a 200 day moving average price of $32.29. The company has a debt-to-equity ratio of 3.94, a current ratio of 44.42 and a quick ratio of 44.42. Regional Management has a fifty-two week low of $25.00 and a fifty-two week high of $37.52.

Regional Management (NYSE:RM - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The credit services provider reported $0.98 EPS for the quarter, beating analysts' consensus estimates of $0.88 by $0.10. Regional Management had a net margin of 7.01% and a return on equity of 13.20%. On average, equities analysts anticipate that Regional Management will post 4.7 earnings per share for the current year.

Regional Management Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.54%. The ex-dividend date of this dividend was Thursday, February 20th. Regional Management's dividend payout ratio (DPR) is currently 28.85%.

Insider Transactions at Regional Management

In related news, CEO Robert William Beck sold 13,000 shares of the company's stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $36.71, for a total value of $477,230.00. Following the sale, the chief executive officer now owns 101,673 shares in the company, valued at $3,732,415.83. This represents a 11.34 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 10.50% of the company's stock.

Hedge Funds Weigh In On Regional Management

A number of hedge funds have recently added to or reduced their stakes in RM. State Street Corp boosted its holdings 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 purchasing an additional 971 shares during the last quarter. Barclays PLC increased its position in shares of Regional Management by 73.4% during the third quarter. Barclays PLC now owns 23,416 shares of the credit services provider's stock valued at $766,000 after acquiring an additional 9,910 shares during the last quarter. Geode Capital Management LLC lifted its holdings 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 worth $6,276,000 after acquiring an additional 6,288 shares during the period. JPMorgan Chase & Co. boosted its position in Regional Management by 15.6% in the third quarter. JPMorgan Chase & Co. now owns 4,233 shares of the credit services provider's stock worth $138,000 after purchasing an additional 572 shares during the last quarter. Finally, SG Americas Securities LLC grew its stake in Regional Management by 38.0% in the 4th quarter. SG Americas Securities LLC now owns 4,425 shares of the credit services provider's stock valued at $150,000 after purchasing an additional 1,218 shares during the period. Institutional investors and hedge funds own 98.89% of the company's stock.

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.