Regional Management (NYSE:RM) Price Target Raised to $28.00

Regional Management (NYSE:RM) had its price objective increased by Keefe, Bruyette & Woods from $26.00 to $28.00 in a research note published on Friday, Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the credit services provider’s stock.

Several other analysts also recently weighed in on RM. Stephens reaffirmed an equal weight rating and set a $30.00 price target on shares of Regional Management in a research note on Thursday, February 8th. StockNews.com upgraded Regional Management from a buy rating to a strong-buy rating in a report on Thursday, May 2nd.

Regional Management Price Performance

Shares of RM stock opened at $30.34 on Friday. The stock has a 50 day moving average price of $24.49 and a 200 day moving average price of $24.19. The firm has a market capitalization of $299.46 million, a P/E ratio of 13.13 and a beta of 1.45. 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 has a 52-week low of $20.50 and a 52-week high of $34.60.

Regional Management (NYSE:RM) last released its earnings results on Wednesday, May 1st. The credit services provider reported $1.56 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.69. The business 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. As a group, sell-side analysts predict that Regional Management will post 4.24 earnings per share for the current year.

Regional Management Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 12th. Shareholders of record on Wednesday, May 22nd will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, May 21st. This represents a $1.20 dividend on an annualized basis and a yield of 3.96%. Regional Management’s dividend payout ratio is currently 52.17%.

Insider Buying and Selling at Regional Management

In related news, Director Basswood Capital Management, L sold 13,000 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $22.36, for a total transaction of $290,680.00. Following the sale, the director now owns 486,365 shares of the company’s stock, valued at $10,875,121.40. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 10.50% of the company’s stock.

Hedge Funds Weigh In On Regional Management

Several institutional investors and hedge funds have recently bought and sold shares of RM. Bank of New York Mellon Corp boosted its position in shares of Regional Management by 3.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 107,125 shares of the credit services provider’s stock worth $2,965,000 after purchasing an additional 3,737 shares in the last quarter. Acadian Asset Management LLC boosted its holdings in Regional Management by 5.5% in the third quarter. Acadian Asset Management LLC now owns 80,623 shares of the credit services provider’s stock worth $2,231,000 after acquiring an additional 4,202 shares in the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of Regional Management during the third quarter worth about $2,170,000. Empowered Funds LLC increased its holdings in shares of Regional Management by 8.1% during the first quarter. Empowered Funds LLC now owns 36,939 shares of the credit services provider’s stock valued at $894,000 after acquiring an additional 2,767 shares in the last quarter. Finally, Summit Global Investments raised its position in shares of Regional Management by 29.1% in the 4th quarter. Summit Global Investments now owns 27,955 shares of the credit services provider’s stock valued at $701,000 after purchasing an additional 6,298 shares during the last quarter. 98.89% 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.