Regional Management Corp. (NYSE:RM) Basswood Capital Management head L sold 2,367 shares in a trade on Wednesday, February 16. The stock was sold at an average price of $53.92, for a total transaction of $127,628.64. The sale was disclosed in a filing with the SEC, which is available via this hyperlink.
Basswood Capital Management, L has also recently completed the following transactions:
- On Monday, November 22, Basswood Capital Management, L sold 58,359 shares of Regional Management. The shares were sold at an average price of $64.19, for a total transaction of $3,746,064.21.
RM traded at $0.78 on Friday, reaching $53.31. The company had a trading volume of 48,823 shares, compared to an average volume of 41,465. The company has a debt ratio of 3.49, a quick ratio of 34.12 and a current ratio of 34.12. The stock has a market capitalization of $528.41 million, a price-earnings ratio of 6.94 and a beta of 1.30. The stock has a fifty-day moving average price of $53.78 and a 200-day moving average price of $56.34. Regional Management Corp. has a 12-month low of $30.86 and a 12-month high of $67.60.
Regional Management (NYSE:RM) last released its quarterly earnings data on Tuesday, February 8. The credit services provider reported earnings per share of $2.04 for the quarter, beating the Zacks consensus estimate of $1.84 by $0.20. Regional Management posted a return on equity of 29.58% and a net margin of 20.25%. In the same quarter last year, the company achieved EPS of $1.28. Analysts predict that Regional Management Corp. will post an EPS of 8.18 for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 16. Investors of record on Wednesday, February 23 will receive a dividend of $0.30. The ex-dividend date is Tuesday, February 22. This represents a dividend of $1.20 on an annualized basis and a yield of 2.25%. This is a boost from the previous quarterly regional management dividend of $0.25. The Regional Management’s dividend distribution rate (DPR) is currently 13.21%.
A number of research companies have recently published reports on MR. Zacks Investment Research downgraded the regional leadership’s shares from a “strong buy” rating to a “hold” rating in a Wednesday, Feb. 2, report. StockNews.com downgraded the regional leadership’s shares from a “strong buy” rating to a “buy” rating in a research note on Monday.
Several large investors have recently bought and sold shares of RM. Koshinski Asset Management Inc. acquired a new stake in Regional Management stock during the third quarter worth approximately $25,000. Federated Hermes Inc. acquired a new regional management position in Q2 valued at approximately $51,000. Citigroup Inc. increased its stake in regional management by 132.7% during the third quarter. Citigroup Inc. now owns 910 shares of the credit services provider worth $53,000 after acquiring 519 additional shares in the last quarter. Lazard Asset Management LLC increased its holdings of Regional Management stock by 61.3% in the fourth quarter. Lazard Asset Management LLC now owns 953 shares of the credit service provider valued at $54,000 after buying an additional 362 shares in the last quarter. Finally, Dorsey Wright & Associates increased its stake in Regional Management shares by 15.6% in the fourth quarter. Dorsey Wright & Associates now owns 1,540 shares of the credit service provider worth $88,000 after buying 208 more shares last quarter. 80.60% of the shares are held by institutional investors.
Regional Management Company Profile
Regional Management Corp. provides financial services to consumers. The Company’s products include small, large and retail installment loans. It also offers optional payment insurance and warranty protection products. The company was founded by Richard A. Godley and C. Glynn Quattlebaum on March 25, 1987 and is based in Greer, SC.
This instant news alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]
Should you invest $1,000 in regional management right now?
Before you consider regional management, you’ll want to hear this.
MarketBeat tracks Wall Street’s top-rated, top-performing research analysts daily and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market ripples…and regional direction wasn’t on the list.
While regional management currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
See the 5 actions here