Regional Management Corp. (NYSE:RM) Shares Purchased by Bank of New York Mellon Corp

Bank of New York Mellon Corp increased its holdings in shares of Regional Management Corp. (NYSE:RM) by 5.3% during the second quarter, HoldingsChannel reports. The fund owned 111,610 shares of the credit services provider’s stock after buying an additional 5,588 shares during the period. Bank of New York Mellon Corp’s holdings in Regional Management were worth $3,208,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Empowered Funds LLC grew its holdings in Regional Management by 8.1% in the first quarter. Empowered Funds LLC now owns 36,939 shares of the credit services provider’s stock valued at $894,000 after purchasing an additional 2,767 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in Regional Management by 53.4% in the first quarter. BNP Paribas Financial Markets now owns 3,974 shares of the credit services provider’s stock valued at $96,000 after purchasing an additional 1,383 shares during the last quarter. Vanguard Group Inc. grew its holdings in Regional Management by 3.1% in the first quarter. Vanguard Group Inc. now owns 443,851 shares of the credit services provider’s stock valued at $10,746,000 after purchasing an additional 13,414 shares during the last quarter. Quadrature Capital Ltd grew its holdings in Regional Management by 7.5% in the fourth quarter. Quadrature Capital Ltd now owns 13,634 shares of the credit services provider’s stock valued at $340,000 after purchasing an additional 957 shares during the last quarter. Finally, EMC Capital Management grew its holdings in Regional Management by 8.1% in the first quarter. EMC Capital Management now owns 6,100 shares of the credit services provider’s stock valued at $148,000 after purchasing an additional 459 shares during the last quarter. Institutional investors and hedge funds own 98.89% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on RM. BTIG Research began coverage on Regional Management in a report on Friday, June 7th. They issued a “neutral” rating on the stock. Keefe, Bruyette & Woods upped their price objective on Regional Management from $28.00 to $33.00 and gave the company a “market perform” rating in a research report on Thursday, August 1st.

Regional Management Stock Up 4.2 %

Shares of NYSE:RM opened at $33.11 on Monday. The company has a quick ratio of 49.53, a current ratio of 49.53 and a debt-to-equity ratio of 3.98. Regional Management Corp. has a 52-week low of $20.50 and a 52-week high of $34.15. The stock’s fifty day simple moving average is $30.89 and its 200-day simple moving average is $27.93. The company has a market capitalization of $336.40 million, a P/E ratio of 14.40 and a beta of 1.53.

Regional Management (NYSE:RM) last released its earnings results on Wednesday, July 31st. The credit services provider reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.27. Regional Management had a return on equity of 11.24% and a net margin of 4.37%. The firm had revenue of $143.03 million for the quarter, compared to the consensus estimate of $143.13 million. During the same period in the prior year, the business posted $0.63 earnings per share. As a group, equities research analysts forecast that Regional Management Corp. will post 4.41 earnings per share for the current fiscal year.

Regional Management Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Wednesday, August 21st were issued a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.62%. Regional Management’s dividend payout ratio (DPR) is 52.17%.

Regional Management Profile

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.