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

Regional Management Corp. (NYSE:RM) announced a quarterly dividend on Wednesday, February 5th,Wall Street Journal reports. Stockholders 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 dividend 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. Research 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 Trading Down 1.7 %

NYSE:RM opened at $36.33 on Friday. The company has a 50-day moving average price of $34.16 and a 200-day moving average price of $32.15. Regional Management has a 12 month low of $20.50 and a 12 month high of $37.52. The company has a current ratio of 44.42, a quick ratio of 44.42 and a debt-to-equity ratio of 3.94. The stock has a market cap of $369.10 million, a price-to-earnings 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 (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.10. Regional Management had a net margin of 4.13% and a return on equity of 11.98%. Equities analysts predict that Regional Management will post 4.48 EPS for the current year.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other news, major shareholder Fund L.P. Forager sold 21,805 shares of Regional Management stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $32.17, for a total value of $701,466.85. Following the completion of the sale, the insider now directly owns 1,021,216 shares in the company, valued at $32,852,518.72. The trade was a 2.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Robert William Beck sold 7,104 shares of Regional Management stock in a transaction that occurred on Wednesday, December 4th. The stock was 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 $3,367,069.65. This represents a 6.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 78,973 shares of company stock valued at $2,656,230. Insiders own 10.50% of the company’s stock.

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.