Stephens Initiates Coverage on Regional Management (NYSE:RM)

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

Separately, Keefe, Bruyette & Woods raised their price objective 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 Stock Down 0.2 %

Shares of NYSE:RM opened at $29.67 on Wednesday. The firm has a fifty day moving average of $30.99 and a 200 day moving average of $29.95. Regional Management has a 52-week low of $20.50 and a 52-week high of $34.15. The company has a debt-to-equity ratio of 3.94, a quick ratio of 49.53 and a current ratio of 44.42. The firm has a market capitalization of $301.45 million, a PE ratio of 12.47 and a beta of 1.53.

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 paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 4.04%. The ex-dividend date is Thursday, November 21st. Regional Management’s dividend payout ratio is presently 50.42%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of RM. Geode Capital Management LLC boosted its stake in shares of Regional Management by 3.4% during the third quarter. Geode Capital Management LLC now owns 191,823 shares of the credit services provider’s stock valued at $6,276,000 after purchasing an additional 6,288 shares during the period. Barclays PLC boosted its position in Regional Management by 73.4% during the 3rd quarter. Barclays PLC now owns 23,416 shares of the credit services provider’s stock valued at $766,000 after buying an additional 9,910 shares during the period. State Street Corp grew its holdings in Regional Management by 0.6% in the 3rd quarter. State Street Corp now owns 152,572 shares of the credit services provider’s stock worth $4,991,000 after acquiring an additional 971 shares during the last quarter. PDT Partners LLC purchased a new position in shares of Regional Management in the third quarter valued at about $213,000. Finally, FMR LLC raised its stake in shares of Regional Management by 34.1% during the third quarter. FMR LLC now owns 31,384 shares of the credit services provider’s stock valued at $1,027,000 after acquiring an additional 7,985 shares during the last quarter. Hedge funds and other institutional investors own 98.89% of the company’s stock.

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.