Regional Management Corp. $RM Shares Purchased by Hancock Whitney Corp

by · The Markets Daily

Hancock Whitney Corp boosted its holdings in Regional Management Corp. (NYSE:RMFree Report) by 8.0% during the first quarter, Holdings Channel.com reports. The fund owned 9,309 shares of the credit services provider’s stock after acquiring an additional 687 shares during the period. Hancock Whitney Corp’s holdings in Regional Management were worth $280,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. US Bancorp DE acquired a new stake in Regional Management in the 1st quarter valued at about $31,000. Tower Research Capital LLC TRC boosted its stake in shares of Regional Management by 49.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,019 shares of the credit services provider’s stock worth $35,000 after purchasing an additional 339 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in shares of Regional Management by 16.2% during the 4th quarter. BNP Paribas Financial Markets now owns 2,162 shares of the credit services provider’s stock worth $73,000 after purchasing an additional 301 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Regional Management by 8.9% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,792 shares of the credit services provider’s stock worth $163,000 after purchasing an additional 390 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of Regional Management by 3,899.2% during the 1st quarter. GAMMA Investing LLC now owns 5,119 shares of the credit services provider’s stock worth $170,000 after purchasing an additional 4,991 shares during the last quarter. 98.89% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of Regional Management from a “buy” rating to a “strong-buy” rating in a research note on Sunday, August 3rd. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $34.00.

View Our Latest Stock Report on Regional Management

Regional Management Price Performance

Regional Management stock opened at $43.07 on Monday. Regional Management Corp. has a 1 year low of $25.41 and a 1 year high of $44.71. The firm has a 50 day moving average price of $35.75 and a 200 day moving average price of $31.83. The company has a market cap of $422.04 million, a price-to-earnings ratio of 12.41 and a beta of 1.22. The company has a debt-to-equity ratio of 4.14, a quick ratio of 45.13 and a current ratio of 45.13.

Regional Management (NYSE:RMGet Free Report) last released its earnings results on Wednesday, July 30th. The credit services provider reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.31. Regional Management had a net margin of 5.68% and a return on equity of 10.91%. The firm had revenue of $157.44 million during the quarter, compared to the consensus estimate of $155.22 million. Sell-side analysts predict that Regional Management Corp. will post 4.7 earnings per share for the current year.

Regional Management Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Wednesday, August 20th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Wednesday, August 20th. Regional Management’s payout ratio is presently 34.58%.

Insider Buying and Selling

In other Regional Management news, CEO Robert William Beck sold 10,000 shares of Regional Management stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $35.54, for a total transaction of $355,400.00. Following the transaction, the chief executive officer directly owned 79,673 shares of the company’s stock, valued at $2,831,578.42. The trade was a 11.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Fund L.P. Forager purchased 12,754 shares of Regional Management stock in a transaction on Tuesday, June 10th. The shares were acquired at an average cost of $28.20 per share, for a total transaction of $359,662.80. Following the completion of the transaction, the insider owned 1,016,236 shares of the company’s stock, valued at $28,657,855.20. This represents a 1.27% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 25,024 shares of company stock worth $716,106. 10.50% of the stock is currently owned by corporate insiders.

Regional Management Company Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding RM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Regional Management Corp. (NYSE:RMFree Report).