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

Regional Management (NYSE:RM) issued its earnings results 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. Regional Management had a net margin of 2.89% and a return on equity of 8.85%. The firm had revenue of $144.31 million for the quarter, compared to analysts’ expectations of $140.02 million. During the same quarter last year, the business earned $0.90 earnings per share.

Regional Management Trading Up 7.4 %

RM stock traded up $1.88 on Thursday, reaching $27.17. The company’s stock had a trading volume of 17,518 shares, compared to its average volume of 23,491. The business has a fifty day simple moving average of $24.29 and a two-hundred day simple moving average of $24.17. Regional Management has a 12-month low of $20.50 and a 12-month high of $34.60. The firm has a market cap of $268.17 million, a PE ratio of 16.71 and a beta of 1.45. The company has a debt-to-equity ratio of 4.33, a quick ratio of 41.16 and a current ratio of 41.17.

Regional Management Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 14th. Investors of record on Thursday, February 22nd were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 4.42%. The ex-dividend date of this dividend was Wednesday, February 21st. Regional Management’s payout ratio is 73.17%.

Insider Buying and Selling

In other news, Director Basswood Capital Management, L acquired 4,287 shares of the stock in a transaction 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 completion of the transaction, 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 document filed with the SEC, which is accessible through this link. 9.80% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts have recently issued reports on RM shares. StockNews.com upgraded shares of Regional Management from a “buy” rating to a “strong-buy” rating in a report on Tuesday, April 2nd. Stephens restated an “equal weight” rating and issued a $30.00 target price on shares of Regional Management in a report on Thursday, February 8th.

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.