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

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

Regional Management Stock Performance

NYSE RM traded up $2.03 during trading on Thursday, reaching $27.32. The company’s stock had a trading volume of 24,934 shares, compared to its average volume of 23,591. 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 market cap of $269.65 million, a price-to-earnings ratio of 16.71 and a beta of 1.45. Regional Management has a twelve month low of $20.50 and a twelve month high of $34.60. The business’s fifty day moving average price is $24.29 and its 200-day moving average price is $24.17.

Regional Management Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 12th. Shareholders of record on Wednesday, May 22nd will be paid a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, May 21st. This represents a $1.20 dividend on an annualized basis and a yield of 4.39%. Regional Management’s dividend payout ratio is presently 73.17%.

Insider Buying and Selling at Regional Management

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

Analyst Ratings Changes

Several brokerages recently commented on RM. StockNews.com upgraded shares of Regional Management from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, April 2nd. Stephens reiterated an “equal weight” rating and set a $30.00 price target on shares of Regional Management in a research note on Thursday, February 8th.

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.