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

Regional Management Corp. (NYSE:RM) declared a quarterly dividend on Thursday, February 6th,Wall Street Journal reports. Investors of record on Thursday, February 20th will be given a dividend of 0.30 per share by the credit services provider on Thursday, March 13th. This represents a $1.20 annualized dividend and a yield of 3.30%. The ex-dividend date of this dividend is Thursday, February 20th.

Regional Management has raised its dividend payment by an average of 8.1% annually over the last three years. Regional Management has a dividend payout ratio of 16.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect Regional Management to earn $5.29 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 22.7%.

Regional Management Stock Performance

RM traded down $0.61 during midday trading on Thursday, reaching $36.33. The company had a trading volume of 75,470 shares, compared to its average volume of 55,549. The business has a 50-day moving average of $34.05 and a two-hundred day moving average of $32.12. The company has a quick ratio of 44.42, a current ratio of 44.42 and a debt-to-equity ratio of 3.94. Regional Management has a 1 year low of $20.50 and a 1 year high of $37.52. The company has a market cap of $369.10 million, a P/E ratio of 15.26 and a beta of 1.49.

Regional Management (NYSE:RM) last issued its quarterly earnings results on Wednesday, February 5th. The credit services provider reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.10. Regional Management had a net margin of 4.13% and a return on equity of 11.98%. As a group, equities research analysts predict that Regional Management will post 4.48 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Stephens initiated coverage on Regional Management in a research report on Wednesday, November 13th. They set an “overweight” rating and a $38.00 target price for the company.

Insider Buying and Selling at Regional Management

In other Regional Management news, SVP Catherine R. Atwood sold 1,128 shares of the business’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $33.00, for a total value of $37,224.00. Following the completion of the sale, the senior vice president now directly owns 42,025 shares of the company’s stock, valued at $1,386,825. The trade was a 2.61 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Fund L.P. Forager sold 5,300 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $33.50, for a total transaction of $177,550.00. Following the transaction, the insider now directly owns 1,080,802 shares in the company, valued at approximately $36,206,867. This trade represents a 0.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 78,973 shares of company stock worth $2,656,230 over the last quarter. Insiders own 10.50% of the company’s 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.