Regional Management (NYSE:RM) Issues Quarterly Earnings Results

Regional Management (NYSE:RM) announced its quarterly earnings results on Wednesday. The credit services provider reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.27, Zacks reports. The business had revenue of $143.03 million for the quarter, compared to analyst estimates of $143.13 million. Regional Management had a net margin of 4.01% and a return on equity of 10.70%. During the same quarter last year, the firm earned $0.63 EPS.

Regional Management Price Performance

Regional Management stock traded down $1.81 during mid-day trading on Thursday, hitting $30.89. The stock had a trading volume of 42,714 shares, compared to its average volume of 28,144. The company has a current ratio of 54.90, a quick ratio of 54.90 and a debt-to-equity ratio of 4.03. The firm’s 50 day moving average is $28.32 and its 200 day moving average is $26.20. The firm has a market capitalization of $305.81 million, a P/E ratio of 14.19 and a beta of 1.51. Regional Management has a one year low of $20.50 and a one year high of $33.99.

Insider Transactions at Regional Management

In related news, Director Basswood Capital Management, L acquired 8,091 shares of the business’s stock in a transaction on Monday, May 6th. The stock was acquired at an average cost of $30.04 per share, with a total value of $243,053.64. Following the acquisition, the director now directly owns 478,892 shares in the company, valued at approximately $14,385,915.68. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 10.50% of the company’s stock.

Analyst Ratings Changes

RM has been the subject of several research reports. StockNews.com upgraded shares of Regional Management from a “buy” rating to a “strong-buy” rating in a report on Thursday, May 2nd. BTIG Research initiated coverage on shares of Regional Management in a report on Friday, June 7th. They issued a “neutral” rating for the company. Finally, Keefe, Bruyette & Woods upped their target price on Regional Management from $28.00 to $33.00 and gave the stock a “market perform” rating in a report on Thursday.

About Regional Management

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.