Regional Management (NYSE:RM) Announces Quarterly Earnings Results

Regional Management (NYSE:RM - Get Free Report) posted its earnings results on Wednesday. The credit services provider reported $0.98 EPS for the quarter, topping the consensus estimate of $0.88 by $0.10, Zacks reports. Regional Management had a net margin of 7.01% and a return on equity of 13.20%.

Regional Management Stock Performance

Shares of NYSE:RM traded down $0.69 during mid-day trading on Friday, reaching $35.47. The company had a trading volume of 49,669 shares, compared to its average volume of 55,384. The company's 50-day moving average price is $34.26 and its 200-day moving average price is $32.19. Regional Management has a one year low of $20.50 and a one year high of $37.52. The firm has a market cap of $360.46 million, a price-to-earnings ratio of 8.53 and a beta of 1.49. The company has a current ratio of 44.42, a quick ratio of 44.42 and a debt-to-equity ratio of 3.94.

Regional Management Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $1.20 annualized dividend and a dividend yield of 3.38%. Regional Management's payout ratio is currently 28.85%.

Insiders Place Their Bets

In related news, major shareholder Fund L.P. Forager sold 16,219 shares of the business's stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $34.21, for a total transaction of $554,851.99. Following the sale, the insider now directly owns 990,894 shares in the company, valued at approximately $33,898,483.74. The trade was a 1.61 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Robert William Beck sold 13,000 shares of the firm's stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $36.71, for a total value of $477,230.00. Following the completion of the transaction, the chief executive officer now owns 101,673 shares of the company's stock, valued at approximately $3,732,415.83. This represents a 11.34 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 78,973 shares of company stock valued at $2,656,230 over the last ninety days. 10.50% of the stock is currently owned by insiders.

Analyst Ratings Changes

Separately, Stephens initiated coverage on Regional Management in a research report on Wednesday, November 13th. They issued an "overweight" rating and a $38.00 price objective on the stock.

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.