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

Regional Management (NYSE:RM) issued its quarterly earnings results on Wednesday. The credit services provider reported $1.56 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.69, Zacks reports. Regional Management had a return on equity of 10.80% and a net margin of 4.01%. The firm 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 company earned $0.90 earnings per share.

Regional Management Price Performance

Shares of RM opened at $28.34 on Friday. The firm has a market cap of $279.72 million, a PE ratio of 12.32 and a beta of 1.45. Regional Management has a 1-year low of $20.50 and a 1-year high of $34.60. The company has a current ratio of 41.17, a quick ratio of 41.16 and a debt-to-equity ratio of 4.33. The firm has a fifty day simple moving average of $24.49 and a two-hundred day simple moving average of $24.21.

Regional Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 12th. Investors of record on Wednesday, May 22nd will be given a dividend of $0.30 per share. The ex-dividend date is Tuesday, May 21st. This represents a $1.20 dividend on an annualized basis and a yield of 4.23%. Regional Management’s dividend payout ratio (DPR) is 52.17%.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Stephens reaffirmed an “equal weight” rating and issued a $30.00 target price on shares of Regional Management in a report on Thursday, February 8th. StockNews.com upgraded shares of Regional Management from a “buy” rating to a “strong-buy” rating in a report on Thursday. Finally, Keefe, Bruyette & Woods increased their target price on Regional Management from $26.00 to $28.00 and gave the company a “market perform” rating in a research note on Friday.

Insider Buying and Selling

In other news, Director Basswood Capital Management, L bought 4,287 shares of the stock in a transaction on Thursday, March 7th. The shares were bought at an average price of $22.99 per share, with a total value of $98,558.13. Following the completion of the acquisition, the director now owns 470,895 shares in the company, valued at $10,825,876.05. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 9.80% of the stock is currently owned by corporate 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.