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

Regional Management Corp. (NYSE:RM) announced a quarterly dividend on Thursday, May 2nd, Wall Street Journal reports. Stockholders of record on Wednesday, May 22nd will be paid a dividend of 0.30 per share by the credit services provider on Wednesday, June 12th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.39%. The ex-dividend date is Tuesday, May 21st.

Regional Management has raised its dividend payment by an average of 81.7% per year over the last three years. Regional Management has a dividend payout ratio of 19.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Regional Management to earn $6.53 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 18.4%.

Regional Management Stock Up 8.0 %

RM stock traded up $2.03 during midday trading on Thursday, hitting $27.32. The company’s stock had a trading volume of 24,934 shares, compared to its average volume of 23,504. The company’s fifty day moving average price is $24.29 and its 200 day moving average price is $24.17. Regional Management has a twelve month low of $20.50 and a twelve month high of $34.60. The company has a debt-to-equity ratio of 4.33, a current ratio of 41.17 and a quick ratio of 41.16. The stock has a market capitalization of $269.65 million, a P/E ratio of 16.71 and a beta of 1.45.

Regional Management (NYSE:RM) last released its quarterly earnings data on Wednesday, May 1st. The credit services provider reported $1.56 EPS for the quarter, beating the consensus estimate of $0.87 by $0.69. The company had revenue of $144.31 million during the quarter, compared to the consensus estimate of $140.02 million. Regional Management had a return on equity of 8.85% and a net margin of 2.89%. During the same quarter in the prior year, the firm posted $0.90 EPS. As a group, equities research analysts predict that Regional Management will post 3.88 EPS for the current year.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at Regional Management

In related news, Director Basswood Capital Management, L bought 4,287 shares of Regional Management stock in a transaction that occurred on Thursday, March 7th. The stock was acquired at an average price of $22.99 per share, with a total value of $98,558.13. Following the acquisition, the director now owns 470,895 shares of the company’s stock, valued at approximately $10,825,876.05. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 9.80% of the company’s stock.

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.