Regional Management (NYSE:RM) Share Price Passes Above 200-Day Moving Average - Should You Sell?

Key Points

• Regional Management Corp.'s stock price has crossed above its 200-day moving average, indicating potential bullish momentum, currently trading at $39.01 with a market cap of $382.30 million.
• Recent analyst ratings show Regional Management upgraded to a "strong-buy" by Wall Street Zen, while the stock maintains an average rating of "Hold" with a consensus price target of $34.00.
• The company declared a quarterly dividend of $0.30, translating to an annualized dividend yield of 3.1%, which highlights its commitment to returning value to shareholders.

Regional Management Corp. (NYSE:RM - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $33.80 and traded as high as $39.85. Regional Management shares last traded at $39.01, with a volume of 40,589 shares traded.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Wall Street Zen raised Regional Management from a "buy" rating to a "strong-buy" rating in a research note on Sunday, August 3rd. Weiss Ratings restated a "hold (c)" rating on shares of Regional Management in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, Regional Management has an average rating of "Hold" and a consensus price target of $34.00.

Regional Management Stock Performance

The business's 50-day moving average price is $40.75 and its 200-day moving average price is $33.80. The stock has a market cap of $382.30 million, a P/E ratio of 11.24 and a beta of 1.17.

Regional Management (NYSE:RM - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The credit services provider reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.31. Regional Management had a net margin of 5.68% and a return on equity of 10.91%. The business had revenue of $157.44 million for the quarter, compared to the consensus estimate of $155.22 million. As a group, equities research analysts expect that Regional Management Corp. will post 4.7 earnings per share for the current year.

Regional Management Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Wednesday, August 20th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend was Wednesday, August 20th. Regional Management's dividend payout ratio (DPR) is currently 34.58%.

Insider Activity

In other news, CEO Robert William Beck sold 10,000 shares of the business's stock in a transaction on Monday, August 11th. The shares were sold at an average price of $35.54, for a total transaction of $355,400.00. Following the sale, the chief executive officer directly owned 79,673 shares of the company's stock, valued at $2,831,578.42. The trade was a 11.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 10.80% of the company's stock.

Institutional Trading of Regional Management

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Ameritas Investment Partners Inc. raised its position in shares of Regional Management by 41.1% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 947 shares of the credit services provider's stock worth $28,000 after purchasing an additional 276 shares during the last quarter. CWM LLC increased its stake in Regional Management by 43.7% during the 3rd quarter. CWM LLC now owns 1,065 shares of the credit services provider's stock worth $41,000 after buying an additional 324 shares in the last quarter. Royal Bank of Canada raised its holdings in shares of Regional Management by 2.4% during the first quarter. Royal Bank of Canada now owns 16,200 shares of the credit services provider's stock valued at $487,000 after acquiring an additional 375 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Regional Management by 9.7% during the second quarter. JPMorgan Chase & Co. now owns 4,824 shares of the credit services provider's stock valued at $141,000 after acquiring an additional 425 shares during the last quarter. Finally, Hancock Whitney Corp lifted its position in shares of Regional Management by 8.0% in the first quarter. Hancock Whitney Corp now owns 9,309 shares of the credit services provider's stock valued at $280,000 after acquiring an additional 687 shares in the last quarter. Institutional investors and hedge funds own 98.89% of the company's stock.

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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