Regional Management (NYSE:RM) Shares Pass Above 200-Day Moving Average – Should You Sell?

Regional Management Corp. (NYSE:RM)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $29.28 and traded as high as $32.03. Regional Management shares last traded at $32.01, with a volume of 14,951 shares trading hands.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods raised their price target on Regional Management from $28.00 to $33.00 and gave the stock a “market perform” rating in a report on Thursday, August 1st.

Regional Management Stock Up 0.0 %

The company has a quick ratio of 49.53, a current ratio of 49.53 and a debt-to-equity ratio of 3.98. The firm’s 50-day moving average price is $31.81 and its 200 day moving average price is $29.28. The firm has a market cap of $325.22 million, a P/E ratio of 12.65 and a beta of 1.52.

Regional Management (NYSE:RM) last announced its quarterly earnings results on Wednesday, July 31st. The credit services provider reported $0.86 EPS for the quarter, beating the consensus estimate of $0.59 by $0.27. The company had revenue of $143.03 million for the quarter, compared to analyst estimates of $143.13 million. Regional Management had a net margin of 4.37% and a return on equity of 11.24%. During the same quarter last year, the business earned $0.63 earnings per share. As a group, research analysts expect that Regional Management Corp. will post 4.41 earnings per share for the current year.

Regional Management Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Wednesday, August 21st were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.75%. The ex-dividend date of this dividend was Wednesday, August 21st. Regional Management’s payout ratio is currently 47.43%.

Institutional Investors Weigh In On Regional Management

Institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC bought a new stake in Regional Management during the third quarter worth approximately $105,000. BNP Paribas Financial Markets lifted its holdings in shares of 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 buying an additional 1,383 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in shares of Regional Management by 81,883.3% in the second quarter. Allspring Global Investments Holdings LLC now owns 4,919 shares of the credit services provider’s stock valued at $141,000 after buying an additional 4,913 shares during the period. EMC Capital Management boosted its stake in Regional Management by 8.1% during the first quarter. EMC Capital Management now owns 6,100 shares of the credit services provider’s stock valued at $148,000 after buying an additional 459 shares in the last quarter. Finally, Hancock Whitney Corp bought a new stake in Regional Management in the second quarter worth about $234,000. Institutional investors and hedge funds own 98.89% of the company’s stock.

About Regional Management

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.