Regional Management Corp. (RM) to Issue Quarterly Dividend of $0.30 on September 12th

Regional Management Corp. (NYSE:RM) declared a quarterly dividend on Wednesday, July 31st, NASDAQ reports. Stockholders of record on Wednesday, August 21st will be paid a dividend of 0.30 per share by the credit services provider on Thursday, September 12th. This represents a $1.20 annualized dividend and a dividend yield of 3.88%. The ex-dividend date is Wednesday, August 21st.

Regional Management has raised its dividend by an average of 81.7% per year over the last three years. Regional Management has a dividend payout ratio of 21.2% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Regional Management to earn $5.61 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 21.4%.

Regional Management Trading Down 5.5 %

Regional Management stock opened at $30.89 on Friday. The firm has a 50-day moving average of $28.49 and a 200-day moving average of $26.28. Regional Management has a one year low of $20.50 and a one year high of $33.99. The company has a debt-to-equity ratio of 4.03, a current ratio of 54.90 and a quick ratio of 54.90. The company has a market cap of $305.81 million, a price-to-earnings ratio of 13.43 and a beta of 1.51.

Regional Management (NYSE:RM) last announced its earnings results on Wednesday, July 31st. The credit services provider reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.27. Regional Management had a net margin of 4.37% and a return on equity of 11.37%. The firm had revenue of $143.03 million for the quarter, compared to analyst estimates of $143.13 million. During the same quarter in the prior year, the business posted $0.63 EPS. On average, equities analysts expect that Regional Management will post 4.22 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In other Regional Management news, Director Basswood Capital Management, L bought 8,091 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The shares were purchased at an average cost of $30.04 per share, for a total transaction of $243,053.64. Following the purchase, the director now directly owns 478,892 shares in the company, valued at $14,385,915.68. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 10.50% of the stock is owned by corporate insiders.

Regional Management Company Profile

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.