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

Regional Management Corp. (NYSE:RM) declared a quarterly dividend on Wednesday, February 4th. Investors 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 3.2%. The ex-dividend date of this dividend is Thursday, February 19th.

Regional Management has a dividend payout ratio of 18.3% meaning its dividend is sufficiently covered by earnings. Equities research 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 Stock Down 8.3%

Shares of Regional Management stock opened at $37.02 on Thursday. The business has a 50-day moving average price of $38.41 and a 200 day moving average price of $38.70. Regional Management has a fifty-two week low of $25.41 and a fifty-two week high of $46.00. The firm has a market cap of $359.46 million, a P/E ratio of 9.16 and a beta of 1.06.

Regional Management (NYSE:RM) last issued its earnings results on Wednesday, February 4th. The credit services provider reported $1.30 EPS for the quarter, topping the consensus estimate of $1.23 by $0.07. Regional Management had a return on equity of 11.43% and a net margin of 6.57%.The company had revenue of ($165.49) million during the quarter, compared to analyst estimates of $167.90 million. As a group, equities research analysts anticipate that Regional Management will post 4.7 earnings per share for the current year.

Insider Activity

In other Regional Management 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 $789,506. This trade represents a 7.14% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Fund L.P. Forager sold 809 shares of the firm’s stock in a transaction on Tuesday, January 13th. The stock was sold at an average price of $38.62, for a total transaction of $31,243.58. Following the completion of the sale, the insider owned 1,019,263 shares in the company, valued at approximately $39,363,937.06. The trade was a 0.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 77,475 shares of company stock valued at $3,006,040. 10.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. State of Alaska Department of Revenue acquired a new stake in shares of Regional Management during the fourth quarter worth $25,000. Allspring Global Investments Holdings LLC grew its holdings in shares of Regional Management by 8.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 10,718 shares of the credit services provider’s stock valued at $421,000 after buying an additional 831 shares during the period. SG Americas Securities LLC acquired a new stake in Regional Management during the 4th quarter worth $112,000. Advisory Services Network LLC acquired a new stake in shares of Regional Management during the third quarter worth about $39,000. Finally, Jacobs Levy Equity Management Inc. grew its position in shares of Regional Management by 17.8% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 70,086 shares of the credit services provider’s stock valued at $2,731,000 after purchasing an additional 10,595 shares during the period. Institutional investors 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.