Regional Management Corp. (NYSE:RM) Announces $0.30 Quarterly Dividend

Regional Management Corp. (NYSE:RM) declared a quarterly dividend on Wednesday, February 5th,Wall Street Journal reports. Shareholders of record on Thursday, February 20th will be paid a dividend of 0.30 per share by the credit services provider on Thursday, March 13th. This represents a $1.20 annualized dividend and a yield of 3.30%. The ex-dividend date of this dividend is Thursday, February 20th.

Regional Management has raised its dividend by an average of 8.1% per year over the last three years. Regional Management has a dividend payout ratio of 16.8% meaning its dividend is sufficiently covered by earnings. Analysts expect Regional Management to earn $5.29 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 22.7%.

Regional Management Price Performance

Shares of NYSE RM traded down $0.61 on Thursday, hitting $36.33. The company’s stock had a trading volume of 75,471 shares, compared to its average volume of 55,549. The company has a debt-to-equity ratio of 3.94, a current ratio of 44.42 and a quick ratio of 44.42. The company has a market capitalization of $369.10 million, a price-to-earnings ratio of 15.26 and a beta of 1.49. Regional Management has a 12-month low of $20.50 and a 12-month high of $37.52. The stock has a 50 day moving average of $34.05 and a 200-day moving average of $32.12.

Regional Management (NYSE:RM) last released its earnings results on Wednesday, February 5th. The credit services provider reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.10. Regional Management had a net margin of 4.13% and a return on equity of 11.98%. As a group, research analysts predict that Regional Management will post 4.48 EPS for the current year.

Insiders Place Their Bets

In other news, SVP Catherine R. Atwood sold 1,128 shares of the business’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $33.00, for a total transaction of $37,224.00. Following the completion of the transaction, the senior vice president now directly owns 42,025 shares in the company, valued at approximately $1,386,825. The trade was a 2.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Robert William Beck sold 13,000 shares of the stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $36.71, for a total value of $477,230.00. Following the completion of the transaction, the chief executive officer now directly owns 101,673 shares of the company’s stock, valued at approximately $3,732,415.83. The trade was a 11.34 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 78,973 shares of company stock valued at $2,656,230 over the last 90 days. 10.50% of the stock is owned by company insiders.

Analyst Ratings Changes

Separately, Stephens initiated coverage on Regional Management in a research note on Wednesday, November 13th. They set an “overweight” rating and a $38.00 price objective on the stock.

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.