The director of Regional Management Corp. (NYSE:RM) Basswood Capital Management, L sold 2,367 shares in a transaction on Wednesday, February 16. The shares were 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 also recently carried out 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.
MR it rose $0.78 on Friday, reaching $53.31. The company had a trading volume of 48,823 shares, compared to its average volume of 41,465. The firm has a debt-to-equity 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 50-day moving average price of $53.78 and a 200-day moving average price of $56.34. Regional Management Corp. has a 12-month minimum of $30.86 and a 12-month maximum of $67.60.
Regional Management (NYSE:RM) last published its quarterly earnings data on Tuesday, February 8. The credit service provider reported earnings per share of $2.04 for the quarter, beating the Zacks Consensus Estimate of $1.84 by $0.20. The Regional Management had a return on capital of 29.58% and a net margin of 20.25%. During the same quarter last year, the company earned $1.28 EPS. Analysts forecast that Regional Management Corp. will post 8.18 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, to be paid on Wednesday, March 16. Investors registered 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 Dividend Payout Ratio (DPR) of the Regional Management is currently 13.21%.
Several research companies have recently published reports on RM. Zacks Investment Research downgraded shares of Regional Management from a “strong buy” rating to a “hold” rating in a report on Wednesday, February 2. StockNews.com downgraded shares of Regional Management from a “strong buy” rating to a “buy” rating in a research note on Monday.
Several large investors have recently bought and sold RM shares. Koshinski Asset Management Inc. purchased a new share of Regional Management stock during the third quarter for approximately $25,000. Federated Hermes Inc. acquired a new Regional Management position during the second quarter worth 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 service provider worth $53,000 after buying an additional 519 shares last quarter. Lazard Asset Management LLC increased its stake in 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 last quarter. Finally, Dorsey Wright & Associates increased its stake in Regional Management stock 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 an additional 208 shares last quarter. 80.60% of the shares are owned by institutional investors.
Regional Management Company Profile
Regional Management Corp. is engaged in the provision of consumer financial services. The company’s products include small, large and retail installment loans. It also offers optional payment and warranty protection insurance products. The company was founded by Richard A. Godley and C. Glynn Quattlebaum on March 25, 1987 and is headquartered in Greer, South Carolina.
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