Regional Management (NYSE:RM) Earns Overweight Rating from Analysts at Stephens

Stephens started coverage on shares of Regional Management (NYSE:RM) in a report issued on Wednesday, MarketBeat Ratings reports. The firm issued an overweight rating and a $38.00 price target on the credit services provider’s stock.

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

Regional Management Stock Performance

Shares of RM opened at $29.67 on Wednesday. The company has a 50-day simple moving average of $30.99 and a two-hundred day simple moving average of $29.92. The company has a debt-to-equity ratio of 3.94, a current ratio of 44.42 and a quick ratio of 49.53. The firm has a market capitalization of $301.54 million, a PE ratio of 12.47 and a beta of 1.53. Regional Management has a one year low of $20.50 and a one year high of $34.15.

Regional Management Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Thursday, November 21st will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.04%. The ex-dividend date is Thursday, November 21st. Regional Management’s dividend payout ratio is 50.42%.

Institutional Trading of Regional Management

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Tieton Capital Management LLC increased its stake in Regional Management by 94.1% during the 2nd quarter. Tieton Capital Management LLC now owns 207,390 shares of the credit services provider’s stock valued at $5,960,000 after purchasing an additional 100,560 shares in the last quarter. Waterfall Asset Management LLC bought a new stake in shares of Regional Management during the second quarter valued at approximately $632,000. American Century Companies Inc. lifted its position in Regional Management by 18.5% in the 2nd quarter. American Century Companies Inc. now owns 106,773 shares of the credit services provider’s stock valued at $3,069,000 after acquiring an additional 16,683 shares in the last quarter. Vanguard Group Inc. lifted its position in Regional Management by 3.1% in the 1st 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 in the last quarter. Finally, Marshall Wace LLP bought a new stake in shares of Regional Management in the 2nd quarter worth $366,000. Hedge funds and other institutional investors 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.