Stephens Begins Coverage on Regional Management (NYSE:RM)

Stephens initiated coverage on shares of Regional Management (NYSE:RM - Free Report) in a research report released 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 upped their price objective on shares of Regional Management from $28.00 to $33.00 and gave the company a "market perform" rating in a research note on Thursday, August 1st.

Regional Management Price Performance

Shares of NYSE RM traded down $0.42 during mid-day trading on Wednesday, reaching $29.67. 49,890 shares of the company traded hands, compared to its average volume of 26,341. Regional Management has a fifty-two week low of $20.50 and a fifty-two week high of $34.15. The firm has a market cap of $301.45 million, a PE ratio of 12.71 and a beta of 1.53. The stock has a fifty day simple moving average of $31.10 and a 200-day simple moving average of $29.90. The company has a debt-to-equity ratio of 3.94, a current ratio of 44.42 and a quick ratio of 49.53.

Regional Management Dividend Announcement

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

Institutional Trading of Regional Management

Several large investors have recently added to or reduced their stakes in the business. EMC Capital Management boosted its holdings in shares of Regional Management by 8.1% during the 1st quarter. EMC Capital Management now owns 6,100 shares of the credit services provider's stock worth $148,000 after buying an additional 459 shares during the period. Rhumbline Advisers lifted its position in shares of Regional Management by 3.9% during the 2nd quarter. Rhumbline Advisers now owns 12,430 shares of the credit services provider's stock worth $357,000 after purchasing an additional 463 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in Regional Management by 53.4% during the 1st quarter. BNP Paribas Financial Markets now owns 3,974 shares of the credit services provider's stock valued at $96,000 after purchasing an additional 1,383 shares during the period. Renaissance Technologies LLC increased its position in Regional Management by 0.9% in the 2nd quarter. Renaissance Technologies LLC now owns 201,537 shares of the credit services provider's stock worth $5,792,000 after buying an additional 1,800 shares during the period. Finally, Empowered Funds LLC lifted its holdings in shares of Regional Management by 5.1% during the third quarter. Empowered Funds LLC now owns 41,649 shares of the credit services provider's stock worth $1,362,000 after buying an additional 2,010 shares during the last quarter. 98.89% of the stock is owned by institutional investors.

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.