Regional Management (NYSE:RM) Posts Quarterly Earnings Results, Beats Estimates By $0.69 EPS

Regional Management (NYSE:RM) issued its quarterly earnings data on Wednesday. The credit services provider reported $1.56 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.69, Zacks reports. Regional Management had a net margin of 4.01% and a return on equity of 10.80%. The company had revenue of $144.31 million for the quarter, compared to analyst estimates of $140.02 million. During the same period in the prior year, the firm earned $0.90 earnings per share.

Regional Management Stock Performance

Shares of RM stock opened at $28.34 on Friday. The company has a quick ratio of 41.16, a current ratio of 41.17 and a debt-to-equity ratio of 4.33. Regional Management has a 52 week low of $20.50 and a 52 week high of $34.60. The firm has a 50 day moving average of $24.49 and a 200-day moving average of $24.21. The company has a market cap of $279.72 million, a price-to-earnings ratio of 12.32 and a beta of 1.45.

Regional Management Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 12th. Shareholders of record on Wednesday, May 22nd will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.23%. The ex-dividend date of this dividend is Tuesday, May 21st. Regional Management’s payout ratio is 52.17%.

Insider Buying and Selling

In other Regional Management news, Director Basswood Capital Management, L sold 13,000 shares of Regional Management stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $22.36, for a total value of $290,680.00. Following the completion of the sale, the director now directly owns 486,365 shares of the company’s stock, valued at $10,875,121.40. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 9.80% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages have commented on RM. Keefe, Bruyette & Woods upped their price objective on Regional Management from $26.00 to $28.00 and gave the company a “market perform” rating in a report on Friday. Stephens reiterated an “equal weight” rating and issued a $30.00 price objective on shares of Regional Management in a research note on Thursday, February 8th. Finally, StockNews.com raised Regional Management from a “buy” rating to a “strong-buy” rating in a report on Thursday.

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.