Regional Management (NYSE:RM – Get Rating) will announce its results after market close on Wednesday, May 4. Analysts expect the company to report earnings of $1.91 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.
Regional Management (NYSE:RM – Get Rating) last released its results on Wednesday, February 9. The credit service provider reported earnings per share (EPS) of $2.04 for the quarter, beating Thomson Reuters consensus estimate of $1.79 by $0.25. The company posted revenue of $119.48 million in the quarter, compared to $116.84 million expected by analysts. Regional Management posted a return on equity of 31.59% and a net margin of 20.70%. During the same period of the previous year, the company achieved EPS of $1.28. On average, analysts expect regional management to post EPS of $6 for the current fiscal year and EPS of $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 ratio of 3.88. The company has a fifty-day moving average of $47.99. The stock has a market capitalization of $424.59 million, a PE ratio of 5.21 and a beta of 1.32. Regional leadership 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 16. Shareholders of record on Wednesday, February 23 received a dividend of $0.30. This is a boost from the previous quarterly regional management dividend of $0.25. This represents an annualized dividend of $1.20 and a yield of 2.77%. The ex-dividend date was Tuesday, February 22. The rate of distribution of Regional Management dividends is currently 14.41%.
In other news, Basswood Capital Management director L sold 2,367 shares in a trade dated Wednesday, February 16. The stock was sold at an average price of $53.92, for a total value of $127,628.64. The transaction was disclosed in a document filed with the SEC, accessible via this hyperlink. Additionally, CEO Robert William Beck sold 5,000 shares in a trade dated Tuesday, March 8. The shares were sold at an average price of $47.74, for a total value of $238,700.00. The disclosure of this sale can be found here. 9.70% of the shares are held by insiders of the company.
Large investors have recently increased or reduced their stakes in the stock. Royal Bank of Canada increased its stake in regional management by 1.8% during the third quarter. Royal Bank of Canada now owns 18,647 shares of the credit service provider worth $1,085,000 after buying 325 more shares in the last quarter. Wells Fargo & Company MN increased its stake in Regional Management stock by 357.1% in Q2. Wells Fargo & Company MN now owns 22,866 shares of the credit services provider valued at $1,065,000 after purchasing an additional 17,864 shares in the last quarter. Sei Investments Co. increased its stake in Regional Management shares by 216.3% in Q4. Sei Investments Co. now owns 16,968 shares of the credit service provider valued at $967,000 after buying an additional 11,604 shares in the last quarter. Bank of America Corp DE increased its stake in regional leadership shares to 81.4% in Q4. Bank of America Corp DE now owns 11,430 shares of the credit service provider valued at $657,000 after buying an additional 5,130 shares in the last quarter. Finally, Cubist Systematic Strategies LLC increased its stake in Regional Management shares by 173.3% in the 4th quarter. Cubist Systematic Strategies LLC now owns 10,902 shares of the credit service provider valued at $626,000 after purchasing an additional 6,913 shares in the last quarter. Hedge funds and other institutional investors hold 85.57% of the company’s shares.
RM has been the subject of a number of research analyst reports. StockNews.com upgraded regional leadership from a “strong buy” rating to a “buy” rating in a Friday, April 8 report. Zacks Investment Research downgraded regional management from a “hold” rating to a “sell” rating in a Wednesday, April 13 research note.
About regional management (Get an evaluation)
Regional Management Corp., a diversified consumer finance company, offers 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.
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