Regional Management (NYSE:RM) Issues Earnings Results

Regional Management (NYSE:RM) announced its quarterly earnings results on Wednesday. The credit services provider reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $0.27, Zacks reports. The business had revenue of $143.03 million for the quarter, compared to analyst estimates of $143.13 million. Regional Management had a net margin of 4.01% and a return on equity of 10.70%. During the same quarter in the prior year, the business earned $0.63 EPS.

Regional Management Price Performance

RM traded down $1.81 during trading on Thursday, hitting $30.89. 42,714 shares of the stock traded hands, compared to its average volume of 28,144. The business has a 50 day moving average price of $28.49 and a 200 day moving average price of $26.28. The company has a market cap of $305.81 million, a price-to-earnings ratio of 13.43 and a beta of 1.51. Regional Management has a twelve month low of $20.50 and a twelve month high of $33.99. The company has a debt-to-equity ratio of 4.03, a current ratio of 54.90 and a quick ratio of 54.90.

Regional Management Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Wednesday, August 21st will be given a dividend of $0.30 per share. The ex-dividend date is Wednesday, August 21st. This represents a $1.20 annualized dividend and a dividend yield of 3.88%. Regional Management’s dividend payout ratio is 52.17%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on RM. BTIG Research initiated coverage on Regional Management in a report on Friday, June 7th. They set a “neutral” rating for the company. Keefe, Bruyette & Woods boosted their price objective on shares of Regional Management from $28.00 to $33.00 and gave the company a “market perform” rating in a report on Thursday. Finally, StockNews.com upgraded Regional Management from a “buy” rating to a “strong-buy” rating in a research note on Thursday, May 2nd.

Insider Activity

In other Regional Management news, Director Basswood Capital Management, L bought 8,091 shares of the stock in a transaction on Monday, May 6th. The stock was purchased at an average price of $30.04 per share, with a total value of $243,053.64. Following the completion of the purchase, the director now owns 478,892 shares in the company, valued at $14,385,915.68. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 10.50% 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.