Regional Management Corp. (NYSE:RM – Get Free Report) announced a quarterly dividend on Wednesday, November 1st, NASDAQ reports. Stockholders of record on Wednesday, November 22nd will be paid a dividend of 0.30 per share by the credit services provider on Wednesday, December 13th. This represents a $1.20 annualized dividend and a dividend yield of 5.22%. The ex-dividend date of this dividend is Tuesday, November 21st.
Regional Management has a payout ratio of 23.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Regional Management to earn $4.66 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 25.8%.
Regional Management Stock Up 3.4 %
Shares of RM stock opened at $23.00 on Friday. The firm has a fifty day moving average of $25.34 and a 200-day moving average of $27.91. The company has a quick ratio of 53.73, a current ratio of 53.72 and a debt-to-equity ratio of 4.14. Regional Management has a 12-month low of $20.91 and a 12-month high of $38.34. The company has a market capitalization of $226.09 million, a price-to-earnings ratio of 8.55 and a beta of 1.57.
Analysts Set New Price Targets
Insider Buying and Selling
In other news, COO John D. Schachtel purchased 5,000 shares of the company’s stock in a transaction dated Tuesday, November 7th. The shares were purchased at an average price of $22.41 per share, for a total transaction of $112,050.00. Following the transaction, the chief operating officer now owns 69,334 shares of the company’s stock, valued at $1,553,774.94. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, COO John D. Schachtel acquired 5,000 shares of the stock in a transaction dated Tuesday, November 7th. The stock was bought at an average price of $22.41 per share, for a total transaction of $112,050.00. Following the purchase, the chief operating officer now directly owns 69,334 shares of the company’s stock, valued at approximately $1,553,774.94. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Basswood Capital Management, L purchased 35,651 shares of the firm’s stock in a transaction on Wednesday, September 6th. The shares were acquired at an average price of $27.04 per share, with a total value of $964,003.04. Following the purchase, the director now directly owns 530,881 shares in the company, valued at approximately $14,355,022.24. The disclosure for this purchase can be found here. Insiders have acquired a total of 44,345 shares of company stock worth $1,175,264 in the last ninety days. Company insiders own 9.80% of the company’s stock.
Institutional Investors Weigh In On Regional Management
Institutional investors and hedge funds have recently modified their holdings of the company. PNC Financial Services Group Inc. purchased a new stake in shares of Regional Management during the second quarter valued at approximately $28,000. Tower Research Capital LLC TRC boosted its stake in shares of Regional Management by 145.6% during the first quarter. Tower Research Capital LLC TRC now owns 1,999 shares of the credit services provider’s stock valued at $52,000 after purchasing an additional 1,185 shares during the period. Quantbot Technologies LP lifted its stake in Regional Management by 120.0% in the first quarter. Quantbot Technologies LP now owns 1,100 shares of the credit services provider’s stock worth $53,000 after acquiring an additional 600 shares during the period. Qube Research & Technologies Ltd purchased a new stake in Regional Management in the third quarter worth $70,000. Finally, BNP Paribas Arbitrage SA lifted its stake in Regional Management by 76.4% in the second quarter. BNP Paribas Arbitrage SA now owns 1,977 shares of the credit services provider’s stock worth $74,000 after acquiring an additional 856 shares during the period. 80.25% of the stock is owned by hedge funds and other 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.
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