Regional Management (NYSE:RM) Announces Earnings Results

Regional Management (NYSE:RM) issued its earnings results on Wednesday. The credit services provider reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.13, reports. Regional Management had a net margin of 4.13% and a return on equity of 12.15%. The company had revenue of $146.34 million for the quarter, compared to the consensus estimate of $147.09 million.

Regional Management Stock Up 0.2 %

Shares of NYSE:RM traded up $0.07 during trading hours on Friday, reaching $30.90. The stock had a trading volume of 8,626 shares, compared to its average volume of 26,182. Regional Management has a 1 year low of $20.50 and a 1 year high of $34.15. The firm’s 50 day moving average is $31.26 and its 200-day moving average is $29.76. The company has a debt-to-equity ratio of 3.98, a quick ratio of 49.53 and a current ratio of 49.53. The stock has a market capitalization of $313.94 million, a price-to-earnings ratio of 13.02 and a beta of 1.53.

Regional Management Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Thursday, November 21st will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.88%. The ex-dividend date of this dividend is Thursday, November 21st. Regional Management’s dividend payout ratio is presently 50.42%.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods lifted their target price on shares of Regional Management from $28.00 to $33.00 and gave the stock a “market perform” rating in a research note on Thursday, August 1st.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of RM. Tieton Capital Management LLC grew its position in shares of Regional Management by 94.1% in the 2nd quarter. Tieton Capital Management LLC now owns 207,390 shares of the credit services provider’s stock valued at $5,960,000 after buying an additional 100,560 shares during the last quarter. Waterfall Asset Management LLC purchased a new position in Regional Management during the 2nd quarter worth $632,000. American Century Companies Inc. grew its position in Regional Management by 18.5% during the 2nd quarter. American Century Companies Inc. now owns 106,773 shares of the credit services provider’s stock worth $3,069,000 after purchasing an additional 16,683 shares during the last quarter. Vanguard Group Inc. grew its position in Regional Management by 3.1% during the 1st quarter. Vanguard Group Inc. now owns 443,851 shares of the credit services provider’s stock worth $10,746,000 after purchasing an additional 13,414 shares during the last quarter. Finally, Marshall Wace LLP purchased a new position in Regional Management during the 2nd quarter worth $366,000. 98.89% of the stock is owned by hedge funds and other institutional investors.

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.