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

Key Points

• Regional Management Corp. has declared a quarterly dividend of $0.30 per share, scheduled for payment on September 10th, with a yield of 3.6%.
• The company reported a quarterly earnings per share (EPS) of $1.03, significantly above analysts' consensus estimates of $0.72.
• Insiders have been active, with major shareholder Fund L.P. Forager purchasing over 12,000 shares recently, while CEO Robert William Beck sold 6,160 shares in July.

Regional Management Corp. (NYSE:RM - Get Free Report) declared a quarterly dividend on Thursday, July 31st, Wall Street Journal reports. Investors of record on Wednesday, August 20th will be paid a dividend of 0.30 per share by the credit services provider on Wednesday, September 10th. This represents a c) annualized dividend and a yield of 3.7%. The ex-dividend date is Wednesday, August 20th.

Regional Management has a payout ratio of 18.3% indicating that its dividend is sufficiently covered by earnings. Equities 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 Price Performance

NYSE:RM traded down $0.37 during mid-day trading on Friday, hitting $32.87. 57,027 shares of the stock traded hands, compared to its average volume of 36,363. The business's 50-day moving average price is $30.01 and its 200 day moving average price is $31.34. The company has a market cap of $326.10 million, a PE ratio of 9.47 and a beta of 1.18. Regional Management has a 12-month low of $25.41 and a 12-month high of $37.52. The company has a quick ratio of 45.13, a current ratio of 45.13 and a debt-to-equity ratio of 4.11.

Regional Management (NYSE:RM - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The credit services provider reported $1.03 EPS for the quarter, topping analysts' consensus estimates of $0.72 by $0.31. Regional Management had a net margin of 5.68% and a return on equity of 10.96%. The business had revenue of $157.44 million during the quarter, compared to analysts' expectations of $155.22 million. On average, analysts expect that Regional Management will post 4.7 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of Regional Management from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. Keefe, Bruyette & Woods lowered their price objective on shares of Regional Management from $33.00 to $30.00 and set a "market perform" rating for the company in a report on Friday, May 2nd.

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.