Regional Management Corp. (NYSE:RM) Plans $0.30 Quarterly Dividend

Regional Management Corp. (NYSE:RM) declared a quarterly dividend on Wednesday, November 5th. Stockholders of record on Tuesday, November 25th will be paid a dividend of 0.30 per share by the credit services provider on Tuesday, December 16th. This represents a c) dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Tuesday, November 25th.

Regional Management has a payout ratio of 18.3% meaning its dividend is sufficiently covered by earnings. Analysts expect Regional Management to earn $6.51 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 18.4%.

Regional Management Trading Up 3.6%

Shares of RM opened at $40.87 on Thursday. The stock has a 50 day simple moving average of $41.12 and a 200-day simple moving average of $34.81. Regional Management has a 1 year low of $25.41 and a 1 year high of $46.00. The stock has a market cap of $400.49 million, a PE ratio of 11.78 and a beta of 1.25.

Regional Management (NYSE:RM) last released its quarterly earnings results on Wednesday, November 5th. The credit services provider reported $1.42 earnings per share for the quarter, beating analysts’ consensus estimates of $1.39 by $0.03. Regional Management had a return on equity of 10.91% and a net margin of 5.68%.The firm had revenue of $165.49 million during the quarter, compared to analysts’ expectations of $162.84 million. On average, sell-side analysts forecast that Regional Management will post 4.7 EPS for the current fiscal year.

Insider Buying and Selling

In other Regional Management news, CEO Robert William Beck sold 10,000 shares of the stock in a transaction on Monday, August 11th. The stock was sold at an average price of $35.54, for a total value of $355,400.00. Following the transaction, the chief executive officer directly owned 79,673 shares in the company, valued at approximately $2,831,578.42. This trade represents a 11.15% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 10.50% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC boosted its position in shares of Regional Management by 37.8% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 10,520 shares of the credit services provider’s stock worth $321,000 after purchasing an additional 2,885 shares during the last quarter. Acadian Asset Management LLC boosted its position in shares of Regional Management by 83.0% in the 1st quarter. Acadian Asset Management LLC now owns 155,885 shares of the credit services provider’s stock worth $4,691,000 after purchasing an additional 70,721 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Regional Management by 69.2% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 85,220 shares of the credit services provider’s stock worth $2,566,000 after purchasing an additional 34,861 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Regional Management by 45.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 194,374 shares of the credit services provider’s stock worth $5,853,000 after purchasing an additional 60,744 shares during the last quarter. Finally, Cubist Systematic Strategies LLC bought a new position in shares of Regional Management in the 1st quarter worth $271,000. 98.89% of the stock is currently owned by institutional investors.

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.