Regional Management (NYSE:RM) Issues Quarterly Earnings Results

Regional Management (NYSE:RM) announced its quarterly earnings data on Wednesday. The credit services provider reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.10, Zacks reports. Regional Management had a return on equity of 11.98% and a net margin of 4.13%.

Regional Management Trading Down 0.1 %

NYSE:RM traded down $0.03 during mid-day trading on Friday, reaching $36.14. 12,369 shares of the company’s stock traded hands, compared to its average volume of 53,766. The company has a 50 day moving average price of $34.16 and a 200-day moving average price of $32.15. The firm has a market capitalization of $367.13 million, a price-to-earnings ratio of 15.18 and a beta of 1.49. The company has a debt-to-equity ratio of 3.94, a current ratio of 44.42 and a quick ratio of 44.42. Regional Management has a 12-month low of $20.50 and a 12-month high of $37.52.

Regional Management Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be issued a dividend of $0.30 per share. The ex-dividend date is Thursday, February 20th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.32%. Regional Management’s dividend payout ratio is currently 50.42%.

Analyst Ratings Changes

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

Insider Transactions at Regional Management

In other Regional Management news, major shareholder Fund L.P. Forager sold 21,805 shares of the stock in a transaction on Monday, January 13th. The stock was sold at an average price of $32.17, for a total value of $701,466.85. Following the completion of the transaction, the insider now owns 1,021,216 shares in the company, valued at approximately $32,852,518.72. This represents a 2.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Catherine R. Atwood sold 1,128 shares of the company’s stock in a transaction dated 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 sale, the senior vice president now directly owns 42,025 shares in the company, valued at $1,386,825. This represents a 2.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 78,973 shares of company stock worth $2,656,230. 10.50% of the stock is currently owned by insiders.

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.