Regional Management (NYSE:RM) Now Covered by Analysts at Stephens

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

Separately, Keefe, Bruyette & Woods raised their price target on shares of 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 Trading Down 1.4 %

Shares of Regional Management stock traded down $0.42 on Wednesday, reaching $29.67. 49,890 shares of the company were exchanged, compared to its average volume of 26,341. Regional Management has a fifty-two week low of $20.50 and a fifty-two week high of $34.15. The stock has a fifty day moving average price of $31.05 and a 200-day moving average price of $29.90. The firm has a market capitalization of $301.45 million, a price-to-earnings ratio of 12.47 and a beta of 1.53. The company has a current ratio of 44.42, a quick ratio of 49.53 and a debt-to-equity ratio of 3.94.

Regional Management Dividend Announcement

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. BNP Paribas Financial Markets lifted its stake in 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 purchasing an additional 1,383 shares during the period. Empowered Funds LLC raised its stake in Regional Management by 8.1% during the first quarter. Empowered Funds LLC now owns 36,939 shares of the credit services provider’s stock worth $894,000 after acquiring an additional 2,767 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Regional Management by 3.1% during the 1st 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. EMC Capital Management boosted its position 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 buying an additional 459 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in Regional Management by 5.3% during the second quarter. Bank of New York Mellon Corp now owns 111,610 shares of the credit services provider’s stock worth $3,208,000 after buying an additional 5,588 shares during the last quarter. 98.89% of the stock is owned by institutional investors.

Regional Management Company 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.