Regional Management (NYSE:RM) Releases Earnings Results, Beats Estimates By $0.69 EPS

Regional Management (NYSE:RM) issued its quarterly earnings results on Wednesday. The credit services provider reported $1.56 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.69, Zacks reports. Regional Management had a return on equity of 8.85% and a net margin of 2.89%. The company had revenue of $144.31 million during the quarter, compared to the consensus estimate of $140.02 million. During the same period last year, the business posted $0.90 earnings per share.

Regional Management Stock Up 7.4 %

Shares of RM traded up $1.88 during mid-day trading on Thursday, reaching $27.17. The company had a trading volume of 17,518 shares, compared to its average volume of 23,491. The company has a debt-to-equity ratio of 4.33, a quick ratio of 41.16 and a current ratio of 41.17. The firm has a 50-day moving average price of $24.29 and a 200 day moving average price of $24.17. Regional Management has a 52 week low of $20.50 and a 52 week high of $34.60. The company has a market capitalization of $268.17 million, a price-to-earnings ratio of 16.71 and a beta of 1.45.

Regional Management Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 14th. Stockholders of record on Thursday, February 22nd were given a $0.30 dividend. The ex-dividend date was Wednesday, February 21st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.42%. Regional Management’s dividend payout ratio is currently 73.17%.

Insider Activity at Regional Management

In other Regional Management news, Director Basswood Capital Management, L acquired 4,287 shares of the stock in a transaction that occurred on Thursday, March 7th. The shares were acquired at an average cost of $22.99 per share, with a total value of $98,558.13. Following the transaction, the director now owns 470,895 shares of the company’s stock, valued at approximately $10,825,876.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 9.80% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts recently issued reports on RM shares. Stephens reissued an “equal weight” rating and set a $30.00 price objective on shares of Regional Management in a research note on Thursday, February 8th. StockNews.com raised Regional Management from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, April 2nd.

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.