Regional management company (NYSE:RM- Get a rating) declared a quarterly dividend on Wednesday, May 4, Zacks reports. Shareholders of record on Wednesday May 25 will be paid a dividend of 0.30 per share by the credit service provider on Wednesday June 15. This represents an annualized dividend of $1.20 and a yield of 2.49%. The ex-dividend date is Tuesday, May 24.
Regional Management has a distribution rate of 16.5% indicating that its dividend is sufficiently covered by profits. Research analysts expect regional management to earn $7.44 per share next year, meaning the company should continue to be able to cover its $1.20 annual dividend with a ratio expected future payout of 16.1%.
NYSE RM shares opened at $48.23 on Friday. The stock has a fifty-day simple moving average of $47.00 and a two-hundred-day simple moving average of $52.46. Regional management has a 1 year minimum of $41.05 and a 1 year maximum of $67.60. The company has a market capitalization of $472.17 million, a price-earnings ratio of 5.55 and a beta of 1.33. The company has a current ratio of 27.76, a quick ratio of 27.76 and a debt ratio of 3.88.
Regional Management (NYSE: RM – Get a rating) last reported quarterly earnings data on Wednesday, May 4. The credit service provider reported earnings per share of $2.67 for the quarter, beating the consensus estimate of $1.91 by $0.76. Regional Management posted a return on equity of 31.59% and a net margin of 20.70%. In the same quarter last year, the company earned earnings per share of $2.31. Analysts expect regional management to post EPS of 6.49 for the current year.
In related news, CEO Robert William Beck sold 5,000 shares of the company in a trade that took place on Tuesday, March 8. The stock was sold at an average price of $47.74, for a total transaction of $238,700.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, accessible via the SEC website. Additionally, Basswood Capital Management director L sold 2,367 shares of the company in a trade that took place on Wednesday, February 16. The shares were sold at an average price of $53.92, for a total value of $127,628.64. Disclosure of this sale can be found here. 9.70% of the shares are currently held by company insiders.
A number of institutional investors and hedge funds have recently changed their holdings in the company. BNP Paribas Arbitrage SA increased its stake in Regional Management shares by 482.3% in the third quarter. BNP Paribas Arbitrage SA now owns 1,846 shares of the credit services provider worth $107,000 after buying an additional 1,529 shares in the last quarter. Citigroup Inc. increased its stake in regional leadership shares by 112.9% in the 4th quarter. Citigroup Inc. now owns 1,937 shares of the credit services provider worth $111,000 after buying 1,027 additional shares in the last quarter. UBS Group AG increased its regional management equity stake by 7.7% in the third quarter. UBS Group AG now owns 4,461 shares of the credit services provider worth $259,000 after buying 319 additional shares in the last quarter. Deutsche Bank AG increased its position in regional management by 5.8% during the fourth quarter. Deutsche Bank AG now owns 4,839 shares of the credit services provider valued at $278,000 after buying 264 more shares last quarter. Finally, the Tennessee State Treasury Department raised its position in regional management by 68.2% during the fourth quarter. The Tennessee State Treasury Department now owns 6,275 shares of the credit service provider valued at $361,000 after buying 2,545 additional shares last quarter. Institutional investors and hedge funds own 89.95% of the company’s shares.
A number of research companies have weighed in on RM. StockNews.com downgraded regional management from a “strong buy” rating to a “buy” rating in a Friday, April 8 research report. Zacks Investment Research upgraded regional management from a “sell” to a “hold” rating in a research report released Wednesday.
Regional Management Company Profile (Get a rating)
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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