Regional Management Corp. (NYSE:RM – Get Rating) – Jefferies Financial Group dropped their Q1 2023 earnings estimates for shares of Regional Management in a report released on Wednesday, August 3rd. Jefferies Financial Group analyst J. Hecht now expects that the credit services provider will post earnings per share of $1.59 for the quarter, down from their prior estimate of $1.85. The consensus estimate for Regional Management’s current full-year earnings is $7.57 per share. Jefferies Financial Group also issued estimates for Regional Management’s Q2 2023 earnings at $2.02 EPS and Q3 2023 earnings at $1.94 EPS.
Regional Management (NYSE:RM – Get Rating) last posted its quarterly earnings data on Wednesday, May 4th. The credit services provider reported $2.67 EPS for the quarter, topping analysts’ consensus estimates of $1.91 by $0.76. Regional Management had a net margin of 17.23% and a return on equity of 28.56%. The firm had revenue of $120.85 million during the quarter, compared to analyst estimates of $117.18 million. During the same quarter last year, the business posted $2.31 EPS.
Regional Management Stock Down 4.6 %
RM stock opened at $39.19 on Friday. Regional Management has a 12-month low of $36.50 and a 12-month high of $67.60. The company has a quick ratio of 30.17, a current ratio of 30.17 and a debt-to-equity ratio of 3.76. The company has a market cap of $379.05 million, a price-to-earnings ratio of 4.86 and a beta of 1.38. The company has a 50 day moving average of $40.59 and a two-hundred day moving average of $45.38.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Fuller & Thaler Asset Management Inc. grew its stake in Regional Management by 0.4% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 61,976 shares of the credit services provider’s stock valued at $3,561,000 after buying an additional 275 shares during the last quarter. Lazard Asset Management LLC grew its stake in Regional Management by 61.3% in the 4th quarter. Lazard Asset Management LLC now owns 953 shares of the credit services provider’s stock valued at $54,000 after buying an additional 362 shares during the last quarter. Advisor Group Holdings Inc. grew its stake in Regional Management by 8.8% in the 1st quarter. Advisor Group Holdings Inc. now owns 4,941 shares of the credit services provider’s stock valued at $2,903,000 after buying an additional 400 shares during the last quarter. Quantbot Technologies LP grew its stake in Regional Management by 120.0% in the 1st quarter. Quantbot Technologies LP now owns 1,100 shares of the credit services provider’s stock valued at $53,000 after buying an additional 600 shares during the last quarter. Finally, MBM Wealth Consultants LLC grew its stake in Regional Management by 10.8% in the 4th quarter. MBM Wealth Consultants LLC now owns 6,574 shares of the credit services provider’s stock valued at $378,000 after buying an additional 641 shares during the last quarter. Institutional investors own 89.95% of the company’s stock.
In other news, Director Sandra K. Johnson sold 1,687 shares of the firm’s stock in a transaction on Monday, May 23rd. The shares were sold at an average price of $44.77, for a total transaction of $75,526.99. Following the transaction, the director now owns 4,997 shares in the company, valued at approximately $223,715.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 8.90% of the stock is owned by insiders.
Regional Management Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Wednesday, August 24th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, August 23rd. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.06%. Regional Management’s dividend payout ratio is currently 14.89%.
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.
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