Regional Management (RM) Projected to Post Earnings on Wednesday

Regional Management (NYSE:RM) is expected to be announcing its earnings results after the market closes on Wednesday, February 5th. Analysts expect the company to announce earnings of $0.88 per share and revenue of $154.12 million for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Regional Management Price Performance

Shares of RM stock opened at $36.48 on Wednesday. The firm has a market capitalization of $370.63 million, a price-to-earnings ratio of 15.33 and a beta of 1.50. Regional Management has a fifty-two week low of $20.50 and a fifty-two week high of $36.81. The company has a debt-to-equity ratio of 3.94, a quick ratio of 44.42 and a current ratio of 44.42. The stock’s 50-day simple moving average is $33.33 and its 200-day simple moving average is $31.86.

Regional Management Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Thursday, November 21st were paid a $0.30 dividend. The ex-dividend date was Thursday, November 21st. This represents a $1.20 dividend on an annualized basis and a yield of 3.29%. Regional Management’s dividend payout ratio (DPR) is 50.42%.

Insiders Place Their Bets

In other news, major shareholder Fund L.P. Forager sold 21,805 shares of the firm’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $32.17, for a total value of $701,466.85. Following the transaction, the insider now directly owns 1,021,216 shares of the company’s stock, valued at approximately $32,852,518.72. This trade represents a 2.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Robert William Beck sold 7,104 shares of the stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $32.55, for a total transaction of $231,235.20. Following the completion of the sale, the chief executive officer now owns 103,443 shares of the company’s stock, valued at approximately $3,367,069.65. The trade was a 6.43 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 65,973 shares of company stock worth $2,179,000. Corporate insiders own 10.50% of the company’s stock.

Analyst Ratings Changes

Separately, Stephens began coverage on shares of Regional Management in a research note on Wednesday, November 13th. They issued an “overweight” rating and a $38.00 price objective on the stock.

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.