Regional Management (NYSE:RM) Coverage Initiated at Stephens

Stephens initiated coverage on shares of Regional Management (NYSE:RM) in a research report sent to investors 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 boosted their price target on Regional Management from $28.00 to $33.00 and gave the company a “market perform” rating in a report on Thursday, August 1st.

Regional Management Trading Down 0.2 %

Shares of RM stock opened at $29.67 on Wednesday. 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 company has a market cap of $301.54 million, a price-to-earnings ratio of 12.47 and a beta of 1.53. Regional Management has a 1 year low of $20.50 and a 1 year high of $34.15. The firm has a fifty day moving average price of $30.99 and a 200-day moving average price of $29.92.

Regional Management Announces Dividend

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

Hedge Funds Weigh In On Regional Management

Hedge funds have recently made changes to their positions in the business. SG Americas Securities LLC purchased a new position in Regional Management in the 3rd quarter worth approximately $105,000. BNP Paribas Financial Markets lifted its stake in Regional Management by 53.4% in the 1st 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 in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of Regional Management by 81,883.3% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 4,919 shares of the credit services provider’s stock valued at $141,000 after purchasing an additional 4,913 shares during the last quarter. EMC Capital Management grew its position in shares of 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 purchasing an additional 459 shares in the last quarter. Finally, Summit Global Investments bought a new stake in shares of Regional Management in the third quarter worth about $209,000. 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.