Regional Management (NYSE:RM) Lowered to "Hold" Rating by Wall Street Zen

Wall Street Zen downgraded shares of Regional Management (NYSE:RM - Free Report) from a buy rating to a hold rating in a research note published on Friday.

Separately, Keefe, Bruyette & Woods decreased their price objective on shares of Regional Management from $33.00 to $30.00 and set a "market perform" rating on the stock in a report on Friday, May 2nd.

Regional Management Stock Up 2.0%

RM traded up $0.65 during trading on Friday, hitting $32.83. The stock had a trading volume of 17,098 shares, compared to its average volume of 37,525. Regional Management has a twelve month low of $25.41 and a twelve month high of $37.52. The stock has a 50 day simple moving average of $29.25 and a two-hundred day simple moving average of $31.36. The company has a debt-to-equity ratio of 4.11, a quick ratio of 45.13 and a current ratio of 45.13. The company has a market capitalization of $325.62 million, a PE ratio of 9.95 and a beta of 1.18.

Regional Management (NYSE:RM - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The credit services provider reported $0.70 earnings per share for the quarter, beating analysts' consensus estimates of $0.67 by $0.03. The company had revenue of $152.97 million during the quarter, compared to analysts' expectations of $153.59 million. Regional Management had a net margin of 5.53% and a return on equity of 10.57%. On average, research analysts predict that Regional Management will post 4.7 earnings per share for the current year.

Regional Management Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 21st were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Wednesday, May 21st. This represents a $1.20 annualized dividend and a yield of 3.66%. Regional Management's payout ratio is 36.36%.

Insider Activity

In related news, CEO Robert William Beck sold 6,160 shares of the company's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $30.39, for a total value of $187,202.40. Following the completion of the sale, the chief executive officer owned 89,673 shares of the company's stock, valued at $2,725,162.47. This represents a 6.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Fund L.P. Forager acquired 12,754 shares of Regional Management stock in a transaction that occurred on Tuesday, June 10th. The stock was bought at an average cost of $28.20 per share, with a total value of $359,662.80. Following the acquisition, the insider directly owned 1,016,236 shares of the company's stock, valued at approximately $28,657,855.20. This trade represents a 1.27% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought 36,082 shares of company stock valued at $1,022,745 in the last 90 days. Insiders own 10.50% of the company's stock.

Hedge Funds Weigh In On Regional Management

Large investors have recently made changes to their positions in the business. Charles Schwab Investment Management Inc. increased its holdings in Regional Management by 2.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 50,359 shares of the credit services provider's stock worth $1,711,000 after buying an additional 992 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in Regional Management during the fourth quarter valued at approximately $831,000. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Regional Management by 23.2% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 28,963 shares of the credit services provider's stock valued at $984,000 after purchasing an additional 5,450 shares during the last quarter. American Century Companies Inc. grew its holdings in Regional Management by 4.2% during the fourth quarter. American Century Companies Inc. now owns 134,683 shares of the credit services provider's stock valued at $4,577,000 after purchasing an additional 5,433 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in Regional Management by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 454,637 shares of the credit services provider's stock valued at $15,449,000 after purchasing an additional 1,205 shares during the last quarter. 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.