Regional Management (NYSE:RM) Stock Rating Upgraded by Wall Street Zen

Key Points

• Regional Management was upgraded from a "buy" to a "strong-buy" rating by analysts at Wall Street Zen, indicating increased confidence in the company's performance.
• Keefe, Bruyette & Woods lowered their target price for Regional Management from $33.00 to $30.00, maintaining a "market perform" rating, which may reflect concerns regarding its future growth.
• The company reported an EPS of $1.03 for the last quarter, surpassing analyst expectations of $0.72 and indicating strong financial health despite rating fluctuations.

Wall Street Zen upgraded shares of Regional Management (NYSE:RM - Free Report) from a buy rating to a strong-buy rating in a report published on Sunday.

Separately, Keefe, Bruyette & Woods lowered their target price on shares of Regional Management from $33.00 to $30.00 and set a "market perform" rating for the company in a research note on Friday, May 2nd.

Regional Management Trading Down 0.2%

Shares of Regional Management stock traded down $0.06 on Friday, reaching $34.24. The company had a trading volume of 6,664 shares, compared to its average volume of 46,749. The firm has a market cap of $335.50 million, a price-to-earnings ratio of 9.87 and a beta of 1.25. The company has a debt-to-equity ratio of 4.14, a current ratio of 45.13 and a quick ratio of 45.13. The firm's 50-day moving average price is $30.31 and its two-hundred day moving average price is $31.30. Regional Management has a 1 year low of $25.41 and a 1 year high of $37.52.

Regional Management (NYSE:RM - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The credit services provider reported $1.03 EPS for the quarter, topping analysts' consensus estimates 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 predict that Regional Management will post 4.7 earnings per share for the current fiscal year.

Regional Management Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Wednesday, August 20th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, August 20th. This represents a $1.20 dividend on an annualized basis and a yield of 3.5%. Regional Management's dividend payout ratio is 34.58%.

Insider Transactions at Regional Management

In other news, CEO Robert William Beck sold 6,160 shares of the business'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 in the company, valued at approximately $2,725,162.47. The trade was a 6.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Fund L.P. Forager bought 12,246 shares of the company's stock in a transaction on Thursday, June 12th. The shares were bought at an average cost of $29.05 per share, for a total transaction of $355,746.30. Following the transaction, the insider directly owned 1,052,715 shares in the company, valued at approximately $30,581,370.75. This represents a 1.18% increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 36,082 shares of company stock valued at $1,022,745. 10.50% of the stock is owned by insiders.

Institutional Trading of Regional Management

A number of institutional investors have recently modified their holdings of RM. Allspring Global Investments Holdings LLC increased its holdings in shares of Regional Management by 37.8% in the first quarter. Allspring Global Investments Holdings LLC now owns 10,520 shares of the credit services provider's stock valued at $321,000 after purchasing an additional 2,885 shares during the period. Exchange Traded Concepts LLC purchased a new position in Regional Management during the 1st quarter worth approximately $245,000. Millennium Management LLC lifted its stake in Regional Management by 47.2% during the 4th quarter. Millennium Management LLC now owns 30,084 shares of the credit services provider's stock valued at $1,022,000 after acquiring an additional 9,643 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Regional Management by 3,899.2% in the 1st quarter. GAMMA Investing LLC now owns 5,119 shares of the credit services provider's stock valued at $170,000 after acquiring an additional 4,991 shares during the last quarter. Finally, Marshall Wace LLP boosted its holdings in shares of Regional Management by 35.7% in the 4th quarter. Marshall Wace LLP now owns 19,654 shares of the credit services provider's stock valued at $668,000 after acquiring an additional 5,171 shares during the last quarter. 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.