Regional Management (NYSE:RM) Share Price Crosses Above 200-Day Moving Average - Here's Why

Key Points

• Technical breakout: Shares crossed above their 200-day moving average of $36.77, trading as high as $37.85 and last at $37.7950 on volume of 84,558.
• Solid quarter and income yield: Regional Management reported $1.30 EPS (beating estimates by $0.07) and pays a quarterly dividend of $0.30 (annualized $1.20), a yield of about 3.2%.
• Analyst outlook mixed but cautious: The consensus rating is "Hold" with a $30 average target, despite recent rating moves such as Zacks upgrading to Hold and Wall Street Zen trimming its view to Buy.

Shares of Regional Management Corp. (NYSE:RM - Get Free Report) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $36.77 and traded as high as $37.85. Regional Management shares last traded at $37.7950, with a volume of 84,558 shares.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Zacks Research upgraded shares of Regional Management from a "strong sell" rating to a "hold" rating in a report on Monday, January 5th. Weiss Ratings restated a "hold (c+)" rating on shares of Regional Management in a research note on Monday, December 29th. Finally, Wall Street Zen lowered Regional Management from a "strong-buy" rating to a "buy" rating in a research report on Saturday, February 7th. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat, Regional Management has an average rating of "Hold" and a consensus target price of $30.00.

Regional Management Price Performance

The company's 50-day moving average price is $33.50 and its 200-day moving average price is $36.77. The company has a quick ratio of 49.92, a current ratio of 49.92 and a debt-to-equity ratio of 4.40. The firm has a market cap of $352.63 million, a price-to-earnings ratio of 8.49 and a beta of 1.03.

Regional Management (NYSE:RM - Get Free Report) last announced its quarterly earnings data on Wednesday, February 4th. The credit services provider reported $1.30 earnings per share for the quarter, beating analysts' consensus estimates of $1.23 by $0.07. The firm had revenue of ($165.49) million during the quarter, compared to analysts' expectations of $167.90 million. Regional Management had a net margin of 6.88% and a return on equity of 12.12%. On average, equities research analysts forecast that Regional Management Corp. will post 4.7 EPS for the current year.

Regional Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 12th. Stockholders of record on Thursday, February 19th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, February 19th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.2%. Regional Management's dividend payout ratio is currently 26.97%.

Insider Buying and Selling at Regional Management

In other news, SVP Catherine R. Atwood sold 2,600 shares of the stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $35.02, for a total value of $91,052.00. Following the sale, the senior vice president directly owned 43,942 shares in the company, valued at approximately $1,538,848.84. This trade represents a 5.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 10.50% of the company's stock.

Institutional Investors Weigh In On Regional Management

Several large investors have recently bought and sold shares of RM. State of Alaska Department of Revenue acquired a new stake in Regional Management in the 4th quarter valued at about $25,000. Wexford Capital LP acquired a new position in shares of Regional Management during the third quarter worth about $32,000. Advisory Services Network LLC purchased a new stake in shares of Regional Management during the third quarter worth approximately $39,000. CWM LLC raised its holdings in Regional Management by 43.7% in the third quarter. CWM LLC now owns 1,065 shares of the credit services provider's stock valued at $41,000 after acquiring an additional 324 shares in the last quarter. Finally, Kestra Advisory Services LLC acquired a new stake in Regional Management in the fourth quarter valued at approximately $49,000. Hedge funds and other institutional investors own 98.89% of the company's stock.

Regional Management Company Profile

Regional Management Corp., headquartered in Wilmington, North Carolina, is a consumer finance company specializing in installment loan products for underbanked individuals. Since its founding in 1977, the company has developed a network of field-based branches alongside a digital platform to offer credit solutions in rural and small-town markets across the United States.

The company's core offerings include consumer installment loans for everyday purchases, auto refinancing and lease buyouts, as well as ancillary services such as insurance referrals.

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