Regional Directorate (NYSE:RM – Get a rating) released its quarterly earnings data on Wednesday. The credit service provider reported EPS of $2.67 for the quarter, beating the consensus estimate of $1.91 by $0.76, MarketWatch Earnings reports. Regional Management generated a net margin of 19.92% and a return on equity of 32.15%. During the same period a year earlier, the company posted EPS of $2.31.
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 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 company also recently declared a quarterly dividend, which will be paid on Wednesday, June 15. Shareholders of record on Wednesday, May 25 will receive a dividend of $0.30. The ex-dividend date is Tuesday, May 24. This represents an annualized dividend of $1.20 and a yield of 2.60%. The Regional Division’s payout rate is currently 13.81%.
In other Regional Management news, the CEO Robert William Beck sold 5,000 shares in a trade on Tuesday, March 8. 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, available at this link. Additionally, Basswood Capital Management director L sold 2,367 shares of the company in a trade dated Wednesday, February 16. The stock was sold at an average price of $53.92, for a total transaction of $127,628.64. Disclosure of this sale can be found here. Company insiders own 9.70% of the company’s shares.
A number of institutional investors have been buying and selling stocks recently. BNP Paribas Arbitrage SA increased its stake in Regional Management by 482.3% in the third quarter. BNP Paribas Arbitrage SA now owns 1,846 shares of the credit services provider valued at $107,000 after buying an additional 1,529 shares in the last quarter. Citigroup Inc. raised its position in regional leadership stocks by 112.9% in the fourth quarter. Citigroup Inc. now owns 1,937 shares of the credit services provider valued at $111,000 after purchasing an additional 1,027 shares during the period. UBS Group AG increased its position in regional management shares by 7.7% in the third quarter. UBS Group AG now owns 4,461 shares of the credit services provider valued at $259,000 after purchasing 319 additional shares during the period. Deutsche Bank AG increased its stake in Regional Management shares by 5.8% during the 4th quarter. Deutsche Bank AG now owns 4,839 shares of the credit service provider worth $278,000 after buying 264 more shares in the last quarter. Finally, the Tennessee State Treasury Department increased its regional management equity holdings by 68.2% during the 4th quarter. The Tennessee State Treasury Department now owns 6,275 shares of the credit service provider worth $361,000 after purchasing an additional 2,545 shares during the period. Institutional investors and hedge funds own 89.95% of the company’s shares.
Several analysts have released reports on RM shares. Zacks Investment Research moved regional management from a “sell” rating to a “hold” rating and set a price target of $54.00 for the stock in a research note on Wednesday. StockNews.com downgraded regional management from a “strong buy” rating to a “buy” rating in a Friday, April 8 research report.
About regional management (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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