In recent insider activity at Regional Management Corp . (NYSE:RM), Basswood Capital Management, L.L.C., a director-by-deputization, reported a series of transactions involving the company’s common stock. The $345 million market cap company has shown strong momentum with a 40% gain year-to-date, according to InvestingPro data. On December 11, 2024, a total of 2,671 shares were sold at an average price of $34.04 per share, amounting to approximately $90,920. Concurrently, the firm also acquired 2,671 shares at $34.10 each, totaling $91,081, indicating a strategic reshuffling of their holdings. Following these transactions, Basswood Capital Management holds 508,953 shares indirectly, as per the filing. InvestingPro analysis suggests the stock is trading slightly above its Fair Value, with additional insights available in the comprehensive Pro Research Report, which covers key metrics and expert analysis for smarter investment decisions.

In other recent news, Regional Management Corp. has announced a stock repurchase program, planning to buy back up to $30 million of its outstanding common stock. This decision was made in light of the company’s strong performance and liquidity. Additionally, the company has outlined growth expectations for 2025, targeting a 10% to 12% increase in ending net receivables. The company’s expansion into eight new states since 2020 has increased its addressable market by over 80%, with future plans to continue this growth.

In a recent earnings call, Regional Management Corp. discussed its third-quarter financial performance and future business prospects. While the company communicated a cautious outlook due to potential market fluctuations and other external factors, management’s current expectations suggest positive performance and business prospects. These updates represent the recent developments for Regional Management Corp.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.