Regional Management (NYSE:RM) Shares Cross Above 200 Day Moving Average - What's Next?

Key Points

• Regional Management Corp. (NYSE:RM) shares recently crossed above the 200-day moving average, indicating positive trading momentum with a current trading price of $35.95.
• The company reported an EPS of $1.03 for the last quarter, exceeding analysts' expectations, with revenue of $157.44 million against a forecast of $155.22 million.
• Regional Management announced a quarterly dividend of $0.30, yielding 3.3%, with the ex-dividend date set for August 20th.

Regional Management Corp. (NYSE:RM - Get Free Report) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $31.24 and traded as high as $36.16. Regional Management shares last traded at $35.95, with a volume of 56,646 shares traded.

Analyst Ratings Changes

A number of equities analysts have issued reports on RM shares. Wall Street Zen raised shares of Regional Management from a "buy" rating to a "strong-buy" rating in a report on Sunday, August 3rd. Keefe, Bruyette & Woods cut their price target on 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 1.6%

The company has a quick ratio of 45.13, a current ratio of 45.13 and a debt-to-equity ratio of 4.14. The firm's 50-day moving average price is $30.99 and its 200 day moving average price is $31.24. The firm has a market cap of $352.29 million, a P/E ratio of 10.36 and a beta of 1.25.

Regional Management (NYSE:RM - Get Free Report) last posted its earnings results on Wednesday, July 30th. The credit services provider reported $1.03 EPS for the quarter, topping 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 firm had revenue of $157.44 million during the quarter, compared to analysts' expectations of $155.22 million. As a group, research analysts expect that Regional Management Corp. will post 4.7 earnings per share for the current year.

Regional Management Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Wednesday, August 20th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.3%. The ex-dividend date is Wednesday, August 20th. Regional Management's dividend payout ratio (DPR) is currently 34.58%.

Insider Buying and Selling at Regional Management

In related news, CEO Robert William Beck sold 6,160 shares of Regional Management stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $30.39, for a total transaction of $187,202.40. Following the sale, the chief executive officer directly owned 89,673 shares in the company, valued at $2,725,162.47. The trade was a 6.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Fund L.P. Forager bought 12,246 shares of the firm's stock in a transaction that occurred on Thursday, June 12th. The stock was bought at an average price of $29.05 per share, with a total value of $355,746.30. Following the transaction, the insider directly owned 1,052,715 shares in the company, valued at $30,581,370.75. This represents a 1.18% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired a total of 36,082 shares of company stock worth $1,022,745 in the last ninety days. 10.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. US Bancorp DE bought a new position in Regional Management during the 1st quarter valued at $31,000. Tower Research Capital LLC TRC lifted its holdings in shares of Regional Management by 49.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,019 shares of the credit services provider's stock valued at $35,000 after buying an additional 339 shares during the period. BNP Paribas Financial Markets boosted its stake in Regional Management by 16.2% during the fourth quarter. BNP Paribas Financial Markets now owns 2,162 shares of the credit services provider's stock valued at $73,000 after buying an additional 301 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Regional Management by 8.9% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,792 shares of the credit services provider's stock worth $163,000 after acquiring an additional 390 shares during the period. Finally, GAMMA Investing LLC raised its position in Regional Management by 3,899.2% in the first quarter. GAMMA Investing LLC now owns 5,119 shares of the credit services provider's stock worth $170,000 after acquiring an additional 4,991 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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