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

Regional Management Corp. (NYSE:RM) announced a quarterly dividend on Wednesday, February 4th. Shareholders of record on Thursday, February 19th will be given a dividend of 0.30 per share by the credit services provider on Thursday, March 12th. This represents a c) dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend is Thursday, February 19th.

Regional Management has a dividend payout ratio of 18.3% indicating that 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 Price Performance

Shares of NYSE:RM opened at $34.18 on Friday. The business has a 50-day moving average of $38.31 and a two-hundred day moving average of $38.67. The firm has a market capitalization of $331.89 million, a PE ratio of 7.68 and a beta of 1.06. Regional Management has a 12 month low of $25.41 and a 12 month high of $46.00.

Regional Management (NYSE:RM) last issued its earnings results on Wednesday, February 4th. The credit services provider reported $1.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.23 by $0.07. The business had revenue of ($165.49) million during the quarter, compared to analysts’ expectations of $167.90 million. Regional Management had a return on equity of 12.19% and a net margin of 6.88%. As a group, research analysts anticipate that Regional Management will post 4.7 earnings per share for the current year.

Insiders Place Their Bets

In related news, CAO Steven B. Barnette sold 1,640 shares of the firm’s stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $37.00, for a total value of $60,680.00. Following the sale, the chief accounting officer owned 21,338 shares of the company’s stock, valued at approximately $789,506. This trade represents a 7.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Michael R. Dunn sold 5,580 shares of the business’s stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $37.46, for a total value of $209,026.80. Following the transaction, the director owned 103,109 shares of the company’s stock, valued at $3,862,463.14. This represents a 5.13% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 77,475 shares of company stock valued at $3,006,040 over the last quarter. Insiders own 10.80% of the company’s stock.

Institutional Trading of Regional Management

A number of large investors have recently modified their holdings of RM. Tieton Capital Management LLC grew its stake in shares of Regional Management by 18.6% in the second quarter. Tieton Capital Management LLC now owns 295,081 shares of the credit services provider’s stock worth $8,619,000 after purchasing an additional 46,380 shares in the last quarter. Acadian Asset Management LLC boosted its holdings in shares of Regional Management by 5.2% in the second quarter. Acadian Asset Management LLC now owns 163,990 shares of the credit services provider’s stock valued at $4,788,000 after acquiring an additional 8,105 shares in the last quarter. Forager Capital Management LLC increased its stake in shares of Regional Management by 20.7% during the second quarter. Forager Capital Management LLC now owns 1,085,098 shares of the credit services provider’s stock valued at $31,696,000 after acquiring an additional 186,072 shares during the period. Brandywine Global Investment Management LLC bought a new stake in Regional Management during the second quarter worth approximately $388,000. Finally, American Century Companies Inc. lifted its position in Regional Management by 15.1% in the second quarter. American Century Companies Inc. now owns 187,837 shares of the credit services provider’s stock worth $5,487,000 after purchasing an additional 24,618 shares during the period. Institutional investors and hedge funds own 98.89% of the company’s stock.

About Regional Management

Regional Management Corp., headquartered in Wilmington, North Carolina, is a consumer finance company specializing in installment loan products for underbanked individuals. Since its founding in 1977, the company has developed a network of field-based branches alongside a digital platform to offer credit solutions in rural and small-town markets across the United States.

The company’s core offerings include consumer installment loans for everyday purchases, auto refinancing and lease buyouts, as well as ancillary services such as insurance referrals.