Regional Management (NYSE:RM) CEO Lakhbir Lamba Buys 6,500 Shares of Stock

Regional Management Corp. (NYSE:RM) CEO Lakhbir Lamba bought 6,500 shares of Regional Management stock in a transaction dated Tuesday, August 11th. The stock was acquired at an average cost of $31.59 per share, with a total value of $205,335.00. Following the transaction, the chief executive officer owned 52,234 shares of the company’s stock, valued at $1,650,072.06. This trade represents a 14.21% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Regional Management Stock Performance

NYSE:RM traded up $0.48 during mid-day trading on Thursday, reaching $32.65. 59,262 shares of the company’s stock were exchanged, compared to its average volume of 66,633. Regional Management Corp. has a one year low of $30.46 and a one year high of $46.00. The company has a debt-to-equity ratio of 4.41, a quick ratio of 64.04 and a current ratio of 64.04. The business’s fifty day simple moving average is $38.62 and its two-hundred day simple moving average is $36.22. The firm has a market capitalization of $301.23 million, a PE ratio of 6.87 and a beta of 1.02.

Regional Management (NYSE:RM) last announced its earnings results on Wednesday, July 29th. The credit services provider reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.04. Regional Management had a net margin of 6.98% and a return on equity of 12.49%. The firm had revenue of $168.01 million for the quarter, compared to analyst estimates of $165.69 million.

Regional Management Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Shareholders of record on Wednesday, August 19th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $1.20 annualized dividend and a yield of 3.7%. Regional Management’s payout ratio is currently 25.26%.

Institutional Trading of Regional Management

Large investors have recently bought and sold shares of the business. Connor Clark & Lunn Investment Management Ltd. bought a new position in Regional Management in the second quarter valued at about $1,365,000. Globeflex Capital L P bought a new position in shares of Regional Management in the second quarter worth about $1,428,000. Tieton Capital Management LLC bought a new position in shares of Regional Management in the second quarter worth about $13,112,000. BlackRock Inc. bought a new position in Regional Management in the 2nd quarter valued at approximately $47,514,000. Finally, Deutsche Bank AG acquired a new stake in Regional Management in the second quarter valued at approximately $353,000. 98.89% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

RM has been the topic of a number of recent analyst reports. Citigroup restated a “market outperform” rating on shares of Regional Management in a research report on Thursday, July 30th. Wall Street Zen lowered shares of Regional Management from a “buy” rating to a “hold” rating in a report on Sunday. Weiss Ratings downgraded shares of Regional Management from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, August 7th. Finally, Citizens Jmp decreased their price objective on shares of Regional Management from $45.00 to $43.00 and set a “market outperform” rating on the stock in a research note on Thursday, July 30th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $43.00.

Regional Management Company Profile

Regional Management Corp., headquartered in Wilmington, North Carolina, is a consumer finance company specializing in installment loan products for underbanked individuals. Since its founding in 1977, the company has developed a network of field-based branches alongside a digital platform to offer credit solutions in rural and small-town markets across the United States.

The company’s core offerings include consumer installment loans for everyday purchases, auto refinancing and lease buyouts, as well as ancillary services such as insurance referrals.