Regional Management Corp. (NYSE:RM – received rating) Director Basswood Capital Management, L., sold 63,093 shares of Regional Management in a transaction on Thursday, November 17. The stock sold at an average price of $28.58 for a total transaction of $1,803,197.94. Upon completion of the sale, the Director now owns 611,553 shares of the Company, valued at approximately $17,478,184.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission available at this hyperlink.

Basswood Capital Management, L also recently made the following trades:

• On Monday, November 14, Basswood Capital Management, L sold 5,219 shares of Regional Management. The stock sold at an average price of $31.00 for a total transaction of $161,789.00.
• On Thursday, November 10, Basswood Capital Management, L, sold 6,000 shares of Regional Management. The stock sold at an average price of $32.02 for a total transaction of $192,120.00.
• On Tuesday, November 8th, Basswood Capital Management, L. sold 29,135 shares of Regional Management. The stock sold at an average price of $28.75 for a total transaction of $837,631.25.
• On Monday, August 29, Basswood Capital Management, L sold 16,600 shares of Regional Management. The stock sold at an average price of $35.63 for a total transaction of $591,458.00.
• On Thursday, August 25, Basswood Capital Management, L, sold 2,800 shares of Regional Management. The stock sold at an average price of $38.07 for a total transaction of $106,596.00.

Performance of regional management stocks

shares of rm rose $0.20 to $29.28 on Monday midday. 23,237 shares of hands traded, compared to its average volume of 38,518. Regional Management Corp. has a 1-year low of $27.42 and a 1-year high of $67.60. The company has a market cap of $280.68 million, a PE ratio of 4.15 and a beta of 1.48. The company has a debt to equity ratio of 3.99, a quick ratio of 43.67 and a current ratio of 43.67. The company’s 50-day moving average price is $30.09 and its 200-day moving average price is $36.68.

Regional management announces dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 14th. Shareholders of record on Wednesday, November 23 will receive a dividend of $0.30. That equates to an annualized dividend of $1.20 and a yield of 4.10%. The ex-dividend date of this dividend is Tuesday November 22nd. Regional Management’s payout ratio (DPR) is currently 17.12%.

Wall Street analyst ponders

A number of equity analysts have commented on RM stock. TheStreet downgraded Regional Management’s shares from a “b-” rating to a “c+” rating in a report dated Wednesday, September 21. Stephens lowered its target price on Regional Management stock to $32.00 from $51.00 and gave the company an “equal weight” rating in a report Wednesday, November 2. StockNews.com began covering Regional Management stock in a report on Wednesday, October 12. They give the company a “buy” rating. Finally, BMO Capital Markets lowered its target price on Regional Management shares to $39.00 from $43.00 and issued a “market perform” rating for the company in a report on Thursday, November 3.

Institutional investors rely on regional management

Several hedge funds and other institutional investors have recently bought and sold shares in the company. Amalgamated Bank acquired a new interest in Regional Management valued at approximately $51,000 during the first quarter. Quantbot Technologies LP increased its stake in Regional Management by 120.0% during the first quarter. Quantbot Technologies LP now owns 1,100 shares of the lending servicer, valued at $53,000, having purchased an additional 600 shares during the period. US Bancorp DE increased its stake in Regional Management by 1,923.4% in the third quarter. US Bancorp DE now owns 1,295 shares of the credit servicer, valued at $36,000, after purchasing an additional 1,231 shares during the period. BNP Paribas Arbitrage SA increased its stake in Regional Management by 76.4% in the second quarter. BNP Paribas Arbitrage SA now owns 1,977 shares of the loan servicer, valued at $74,000, after purchasing a further 856 shares during the period. Finally, Lazard Asset Management LLC increased its stake in Regional Management by 122.4% during the second quarter. Lazard Asset Management LLC now owns 2,119 shares of the loan servicer’s stock valued at $79,000 after purchasing an additional 1,166 shares during the period. 82.76% of the shares are currently owned by institutional investors.

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.

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