Regional Management (NYSE:RM) Stock Price Crosses Above 200-Day Moving Average - What's Next?

Key Points

• Regional Management Corp. (NYSE: RM) recently surpassed its 200-day moving average, trading as high as $45.17 and currently priced at $43.53 per share.
• Wall Street analysts upgraded the stock from a "buy" rating to a "strong-buy" rating, with an average price target of $34.00.
• The company announced a quarterly dividend of $0.30 per share, reflecting an annualized yield of 2.8% and a payout ratio of 34.58%.

Regional Management Corp. (NYSE:RM - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $32.75 and traded as high as $45.17. Regional Management shares last traded at $43.53, with a volume of 38,999 shares.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of Regional Management from a "buy" rating to a "strong-buy" rating in a research note on Sunday, August 3rd. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Regional Management currently has an average rating of "Moderate Buy" and an average price target of $34.00.

Regional Management Trading Down 1.2%

The stock has a market cap of $426.54 million, a P/E ratio of 12.54 and a beta of 1.22. The company has a current ratio of 45.13, a quick ratio of 45.13 and a debt-to-equity ratio of 4.14. The stock's fifty day moving average price is $38.43 and its 200 day moving average price is $32.75.

Regional Management (NYSE:RM - Get Free Report) last announced its earnings results on Wednesday, July 30th. The credit services provider reported $1.03 EPS for the quarter, beating analysts' consensus estimates of $0.72 by $0.31. The firm had revenue of $157.44 million for the quarter, compared to analysts' expectations of $155.22 million. Regional Management had a net margin of 5.68% and a return on equity of 10.91%. Equities 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 was paid on Wednesday, September 10th. Shareholders of record on Wednesday, August 20th were given a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, August 20th. This represents a $1.20 dividend on an annualized basis and a yield of 2.8%. Regional Management's payout ratio is 34.58%.

Insiders Place Their Bets

In other news, CEO Robert William Beck sold 10,000 shares of the company's stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $35.54, for a total transaction of $355,400.00. Following the completion of the sale, the chief executive officer owned 79,673 shares of the company's stock, valued at $2,831,578.42. This represents a 11.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 10.50% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Forager Capital Management LLC grew its stake in shares of Regional Management by 20.7% during the 2nd quarter. Forager Capital Management LLC now owns 1,085,098 shares of the credit services provider's stock valued at $31,696,000 after acquiring an additional 186,072 shares during the period. Basswood Capital Management L.L.C. grew its stake in shares of Regional Management by 0.4% during the 2nd quarter. Basswood Capital Management L.L.C. now owns 1,024,310 shares of the credit services provider's stock valued at $29,920,000 after acquiring an additional 4,491 shares during the period. Tieton Capital Management LLC grew its stake in shares of Regional Management by 18.6% during the 2nd quarter. Tieton Capital Management LLC now owns 295,081 shares of the credit services provider's stock valued at $8,619,000 after acquiring an additional 46,380 shares during the period. Geode Capital Management LLC boosted its stake in Regional Management by 6.4% in the 2nd quarter. Geode Capital Management LLC now owns 211,734 shares of the credit services provider's stock worth $6,186,000 after purchasing an additional 12,740 shares during the period. Finally, Goldman Sachs Group Inc. boosted its stake in Regional Management by 45.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 194,374 shares of the credit services provider's stock worth $5,853,000 after purchasing an additional 60,744 shares during the period. 98.89% of the stock is currently owned by 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.

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