Hsbc Holdings PLC Sells 1,334 Shares of Regional Management Corp. (NYSE:RM)

Hsbc Holdings PLC lowered its stake in shares of Regional Management Corp. (NYSE:RM) by 12.9% in the second quarter, Holdings Channel reports. The firm owned 9,029 shares of the credit services provider’s stock after selling 1,334 shares during the period. Hsbc Holdings PLC’s holdings in Regional Management were worth $246,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. American Century Companies Inc. increased its stake in shares of Regional Management by 18.5% in the second quarter. American Century Companies Inc. now owns 106,773 shares of the credit services provider’s stock worth $3,069,000 after purchasing an additional 16,683 shares during the period. Empowered Funds LLC increased its position in Regional Management by 8.1% in the 1st quarter. Empowered Funds LLC now owns 36,939 shares of the credit services provider’s stock worth $894,000 after buying an additional 2,767 shares during the period. BNP Paribas Financial Markets lifted its holdings in shares of Regional Management by 53.4% during the first quarter. BNP Paribas Financial Markets now owns 3,974 shares of the credit services provider’s stock worth $96,000 after buying an additional 1,383 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of 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 acquiring an additional 13,414 shares during the period. Finally, Quadrature Capital Ltd grew its stake in shares of Regional Management by 7.5% in the fourth quarter. Quadrature Capital Ltd now owns 13,634 shares of the credit services provider’s stock worth $340,000 after acquiring an additional 957 shares during the last quarter. Institutional investors and hedge funds own 98.89% of the company’s stock.

Regional Management Stock Up 0.6 %

Shares of RM stock opened at $31.37 on Friday. Regional Management Corp. has a one year low of $20.50 and a one year high of $34.15. The company has a debt-to-equity ratio of 3.98, a current ratio of 49.53 and a quick ratio of 49.53. The stock has a fifty day moving average price of $31.75 and a 200 day moving average price of $28.75. The stock has a market cap of $310.44 million, a P/E ratio of 13.64 and a beta of 1.52.

Regional Management (NYSE:RM) last released its quarterly earnings data on Wednesday, July 31st. The credit services provider reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.27. The company had revenue of $143.03 million during the quarter, compared to the consensus estimate of $143.13 million. Regional Management had a net margin of 4.37% and a return on equity of 11.24%. During the same period last year, the firm earned $0.63 EPS. Analysts predict that Regional Management Corp. will post 4.41 earnings per share for the current year.

Regional Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Wednesday, August 21st were paid a $0.30 dividend. The ex-dividend date was Wednesday, August 21st. This represents a $1.20 annualized dividend and a dividend yield of 3.83%. Regional Management’s dividend payout ratio is currently 52.17%.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Keefe, Bruyette & Woods upped their target price on shares of Regional Management from $28.00 to $33.00 and gave the company a “market perform” rating in a research note on Thursday, August 1st. BTIG Research began coverage on shares of Regional Management in a research note on Friday, June 7th. They issued a “neutral” rating for the company.

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.