Regional Management (NYSE:RM) Posts Quarterly Earnings Results, Beats Expectations By $0.76 EPS

Regional Management (NYSE:RMGet Rating) posted its quarterly earnings data on Wednesday. The credit services provider reported $2.67 EPS for the quarter, beating the consensus estimate of $1.91 by $0.76, MarketWatch Earnings reports. Regional Management had a net margin of 19.92% and a return on equity of 32.15%. During the same period in the previous year, the company posted $2.31 EPS.

Shares of NYSE:RM opened at $46.21 on Friday. The company’s 50-day moving average price is $46.89 and its two-hundred day moving average price is $52.38. Regional Management has a one year low of $41.65 and a one year high of $67.60. The company has a debt-to-equity ratio of 3.88, a current ratio of 27.76 and a quick ratio of 27.76. The stock has a market capitalization of $452.40 million, a PE ratio of 5.32 and a beta of 1.33.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 15th. Shareholders of record on Wednesday, May 25th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, May 24th. This represents a $1.20 annualized dividend and a yield of 2.60%. Regional Management’s payout ratio is currently 13.81%.

In other Regional Management news, CEO Robert William Beck sold 5,000 shares of the stock in a transaction on Tuesday, March 8th. The shares were sold at an average price of $47.74, for a total value of $238,700.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Basswood Capital Management, L sold 2,367 shares of the business’s stock in a transaction dated Wednesday, February 16th. The stock was sold at an average price of $53.92, for a total transaction of $127,628.64. The disclosure for this sale can be found here. Corporate insiders own 9.70% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the stock. BNP Paribas Arbitrage SA lifted its holdings in Regional Management by 482.3% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 1,846 shares of the credit services provider’s stock valued at $107,000 after purchasing an additional 1,529 shares during the last quarter. Citigroup Inc. raised its position in shares of Regional Management by 112.9% in the fourth quarter. Citigroup Inc. now owns 1,937 shares of the credit services provider’s stock valued at $111,000 after purchasing an additional 1,027 shares during the period. UBS Group AG raised its position in shares of Regional Management by 7.7% in the third quarter. UBS Group AG now owns 4,461 shares of the credit services provider’s stock valued at $259,000 after purchasing an additional 319 shares during the period. Deutsche Bank AG lifted its stake in shares of Regional Management by 5.8% during the 4th quarter. Deutsche Bank AG now owns 4,839 shares of the credit services provider’s stock worth $278,000 after buying an additional 264 shares during the last quarter. Finally, State of Tennessee Treasury Department boosted its holdings in shares of Regional Management by 68.2% during the 4th quarter. State of Tennessee Treasury Department now owns 6,275 shares of the credit services provider’s stock worth $361,000 after buying an additional 2,545 shares during the period. Institutional investors and hedge funds own 89.95% of the company’s stock.

Several analysts have issued reports on RM shares. Zacks Investment Research raised Regional Management from a “sell” rating to a “hold” rating and set a $54.00 price target on the stock in a research note on Wednesday. StockNews.com lowered Regional Management from a “strong-buy” rating to a “buy” rating in a research report on Friday, April 8th.

About Regional Management (Get Rating)

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.

See Also

Earnings History for Regional Management (NYSE:RM)

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