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

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

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 shares were bought at an average cost of $24.59 per share, for a total transaction of $368,850.00.
• On Thursday, March 7th, Basswood Capital Management, L acquired 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 Price Performance

Shares of RM stock traded down $0.64 during trading hours on Wednesday, hitting $29.80. 31,097 shares of the company’s stock were exchanged, compared to its average volume of 26,294. Regional Management Corp. has a fifty-two week low of $20.50 and a fifty-two week high of $34.60. The firm has a market cap of $294.07 million, a P/E ratio of 13.32 and a beta of 1.45. The company has a quick ratio of 41.16, a current ratio of 41.17 and a debt-to-equity ratio of 4.33. The firm has a 50 day moving average of $24.78 and a two-hundred day moving average of $24.26.

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

Regional Management Dividend Announcement

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Empowered Funds LLC boosted its holdings 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 worth $894,000 after purchasing an additional 2,767 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in Regional Management by 53.4% in the 1st quarter. BNP Paribas Financial Markets now owns 3,974 shares of the credit services provider’s stock valued at $96,000 after buying an additional 1,383 shares in the last quarter. Quadrature Capital Ltd increased its stake in shares of Regional Management by 7.5% in the 4th 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 last quarter. Summit Global Investments raised its holdings in shares of Regional Management by 29.1% during the 4th quarter. Summit Global Investments now owns 27,955 shares of the credit services provider’s stock worth $701,000 after acquiring an additional 6,298 shares during the period. Finally, SG Americas Securities LLC acquired a new position in shares of Regional Management during the 4th quarter valued at about $102,000. 98.89% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

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.