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

Regional Management Corp. (NYSE:RM) announced a quarterly dividend on Wednesday, October 28th. Shareholders of record on Wednesday, November 18th will be given a dividend of $0.30 per share by the credit services provider on Wednesday, December 16th. This represents a $1.20 annualized dividend and a yield of 3.6%. The ex-dividend date is Wednesday, November 18th.

Regional Management has increased its dividend by an average of 0.4% per year over the last three years. Regional Management has a payout ratio of 18.3% indicating that its dividend is sufficiently covered by earnings.

Regional Management Trading Up 2.7%

Shares of NYSE RM opened at $33.77 on Thursday. Regional Management has a 1-year low of $29.89 and a 1-year high of $44.29. The company has a market cap of $311.56 million, a PE ratio of 7.11 and a beta of 1.02. The company has a current ratio of 64.04, a quick ratio of 64.04 and a debt-to-equity ratio of 4.41. The company has a 50-day moving average of $32.74 and a two-hundred day moving average of $35.36.

Regional Management (NYSE:RM) last announced its earnings results on Wednesday, October 28th. The credit services provider reported $1.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.47 by $0.14. Regional Management had a net margin of 6.98% and a return on equity of 12.49%. The company had revenue of $178.78 million for the quarter, compared to analyst estimates of $174.69 million.

Analyst Ratings Changes

RM has been the subject of several research analyst reports. Citizens Jmp dropped their price objective on shares of Regional Management from $45.00 to $43.00 and set a “market outperform” rating for the company in a research report on Thursday, July 30th. Wall Street Zen upgraded Regional Management from a “hold” rating to a “buy” rating in a research report on Monday, October 12th. Citigroup reissued a “market outperform” rating on shares of Regional Management in a research note on Thursday, July 30th. Finally, Weiss Ratings cut Regional Management from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, October 8th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $43.00.

Regional Management Company Profile

Regional Management Corp. (NYSE: RM) is a consumer finance company that provides credit products to individuals who may have limited access to traditional bank financing. The company primarily offers small and medium-sized installment loans, including secured and unsecured personal loans, through a network of local branches and digital channels.

Its services may also include optional credit-related products, such as insurance and other ancillary offerings associated with consumer lending.