Regional Management (NYSE:RM) Issues Earnings Results

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

Regional Management Stock Performance

Shares of NYSE RM traded down $1.81 during mid-day trading on Thursday, reaching $30.89. 42,714 shares of the company’s stock were exchanged, compared to its average volume of 28,144. The company has a debt-to-equity ratio of 4.03, a current ratio of 54.90 and a quick ratio of 54.90. The firm has a market capitalization of $305.81 million, a price-to-earnings ratio of 13.43 and a beta of 1.51. Regional Management has a 52 week low of $20.50 and a 52 week high of $33.99. The firm has a 50-day moving average price of $28.49 and a two-hundred day moving average price of $26.28.

Regional Management Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Wednesday, August 21st will be paid a $0.30 dividend. The ex-dividend date is Wednesday, August 21st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.88%. Regional Management’s payout ratio is presently 52.17%.

Insider Buying and Selling at Regional Management

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

Analysts Set New Price Targets

A number of equities research analysts have commented on RM shares. BTIG Research initiated coverage on Regional Management in a research note on Friday, June 7th. They issued a “neutral” rating for the company. StockNews.com upgraded shares of Regional Management from a “buy” rating to a “strong-buy” rating in a report on Thursday, May 2nd. Finally, Keefe, Bruyette & Woods lifted 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.

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.