Regional Management (RM) is scheduled to release quarterly results on Wednesday
Regional Management (NYSE:RM – received rating) will report its earnings results after the market close on Wednesday, May 4th. Analysts expect the company to report earnings of $1.91 per share for the quarter. Investors interested in the company’s conference call can do so via this link.
Regional Management (NYSE:RM – received rating) last released its earnings results on Wednesday, February 9th. The credit servicer reported earnings per share (EPS) of $2.04 for the quarter, beating the Thomson Reuters consensus estimate of $1.79 by $0.25. The company had revenue of $119.48 million for the quarter, compared to analysts’ expectations of $116.84 million. Regional Management had a return on equity of 31.59% and a net margin of 20.70%. In the same period last year, the company earned $1.28 per share. On average, analysts expect regional management to report earnings per share of $6 for the current fiscal year and $7 for the next fiscal year.
NYSE:RM shares opened at $43.37 on Wednesday. The company has a current ratio of 27.76, a quick ratio of 27.76 and a debt to equity ratio of 3.88. The company has a fifty-day moving average of $47.99. The stock has a market cap of $424.59 million, a P/E of 5.21 and a beta of 1.32. Regional Management has a 52-week low of $37.95 and a 52-week high of $67.60.
The company also recently announced a quarterly dividend, which was paid on Wednesday, March 16th. A dividend of $0.30 was paid to shareholders of record on Wednesday, February 23. This is an increase from Regional Management’s previous quarterly dividend of $0.25. That equates to an annualized dividend of $1.20 and a yield of 2.77%. The ex-dividend date was Tuesday February 22nd. Regional Management’s payout ratio is currently 14.41%.
In other news, Director Basswood Capital Management, L, sold 2,367 shares of the stock in a transaction on Wednesday, February 16th. The stock sold at an average price of $53.92 for a total value of $127,628.64. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also managing director Robert Wilhelm Beck sold 5,000 shares of the stock in a transaction dated Tuesday, March 8th. The shares sold at an average price of $47.74 for a total value of $238,700.00. Disclosure for this sale can be found here. 9.70% of the shares are owned by company insiders.
Major investors recently added to or reduced their stakes in the stock. The Royal Bank of Canada increased its holding in Regional Management by 1.8% in the third quarter. The Royal Bank of Canada now owns 18,647 shares of the credit servicer, valued at $1,085,000, after buying another 325 shares last quarter. Wells Fargo & Company MN increased its stake in Regional Management stock by 357.1% in the second quarter. Wells Fargo & Company MN now owns 22,866 shares of the credit servicer, valued at $1,065,000, after purchasing an additional 17,864 shares last quarter. Sei Investments Co. increased its stake in Regional Management shares by 216.3% in the fourth quarter. Sei Investments Co. now owns 16,968 shares of the loan servicer, valued at $967,000, after purchasing an additional 11,604 shares last quarter. Bank of America Corp DE increased its stake in Regional Management shares by 81.4% in the fourth quarter. Bank of America Corp DE now owns 11,430 shares of the credit servicer, valued at $657,000, after buying another 5,130 shares last quarter. Finally, Cubist Systematic Strategies LLC increased its stake in Regional Management by 173.3% during the fourth quarter. Cubist Systematic Strategies LLC now owns 10,902 shares of the credit servicer, valued at $626,000, after purchasing an additional 6,913 shares last quarter. Hedge funds and other institutional investors own 85.57% of the company’s shares.
RM has been the subject of a number of research analyst reports. StockNews.com lowered in a report on Friday, April 8. Zacks Investment Research Regional Management downgraded the rating from a “hold” to a “sell” rating in a research note on Wednesday, April 13.
About regional management (received rating)
Regional Management Corp., a diversified consumer finance company, offers a variety of personal loan products primarily to customers with limited access to consumer credit from banks, savings companies, credit card companies and other lenders in the United States. It offers small and large installment loans; and retail loans to finance purchases of furniture, appliances and other retail products.
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