Regional Management Corp. (NYSE:RM – received rating) Director Philip V. Bancroft purchased 6,500 shares of the company’s stock in a transaction on Wednesday, August 17. The stock was purchased at an average price of $38.65 per share for a total transaction of $251,225.00. Following the acquisition, the director now owns 16,605 shares of the Company, valued at approximately $641,783.25. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Regional management trading minus 1.4%

NYSE:RM opened at $38.44 on Friday. The stock’s 50-day simple moving average is $39.15 and its 200-day simple moving average is $44.50. Regional Management Corp. has a 12-month low of $36.50 and a 12-month high of $67.60. The company has a market cap of $371.71 million, a P/E of 4.77 and a beta of 1.38. The company has a current ratio of 42.38, a quick ratio of 42.38 and a debt to equity ratio of 3.96.

Announcement of the dividend for the regional management

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record will receive a dividend of $0.30 per share on Wednesday, August 24th. That equates to an annual dividend of $1.20 and a yield of 3.12%. The ex-dividend date is Tuesday 23rd August. Regional Management’s payout ratio is currently 14.89%.

Institutional inflows and outflows

A number of institutional investors and hedge funds have recently bought and sold shares in RM. Forager Capital Management LLC acquired a new regional management position valued at $25,332,000 during the fourth quarter. Deutsche Bank AG increased its stake in Regional Management by 736.9% in the second quarter. Deutsche Bank AG now owns 37,810 shares of the credit servicer, valued at $1,413,000, having purchased an additional 33,292 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Regional Management by 45.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 94,732 shares of the credit servicer, valued at $4,602,000, having purchased an additional 29,661 shares during the period. BlackRock Inc. increased its holdings in Regional Management by 2.6% in the first quarter. BlackRock Inc. now owns 913,071 shares of the credit servicer, valued at $44,348,000, having purchased an additional 23,053 shares during the period. Finally, Camarda Financial Advisors LLC acquired a new regional management position valued at $1,073,000 during the first quarter. Institutional investors and hedge funds own 89.95% of the company’s shares.

Analyst upgrades and downgrades

RM has been the subject of a number of recent research reports. BMO Capital Markets lowered its price target on Regional Management to $52.00 from $58.00 in a report on Friday, August 5. Keefe, Bruyette & Woods lowered its price target on Regional Management to $41.00 from $53.00 in a report Monday, July 11.

About regional management

(received rating)

Regional Management Corp., a diversified consumer finance company, offers a variety of personal loan products primarily to customers with limited access to consumer credit from banks, savings companies, credit card companies and other lenders in the United States. It offers small and large installment loans; and retail loans to finance purchases of furniture, appliances and other retail products.

Selected items

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