Regional Management Corp. (NYSE:RM) – Equity research analysts at Jefferies Financial Group raised their first-quarter 2022 earnings per share (EPS) estimates for regional management in a research note released Wednesday, February 9. Jefferies Financial Group analyst J. Hecht now expects the credit services provider to post earnings of $1.66 per share for the quarter, up from its previous estimate of $1.45. Jefferies Financial Group also released estimates for Q2 2022 regional leadership earnings at $1.64 EPS and Q4 2022 earnings at $1.54 EPS. Regional Management Inc (NYSE:RM) last released its quarterly results on Tuesday, February 8. The credit service provider reported earnings per share (EPS) of $2.04 for the quarter, beating Thomson Reuters consensus estimate of $1.84 by $0.20. Regional Management generated a net margin of 20.25% and a return on equity of 29.58%. In the same quarter last year, the company posted earnings per share of $1.28.
Separately, Zacks Investment Research downgraded the regional leadership’s shares from a “strong buy” rating to a “hold” rating in a Wednesday, Feb. 2, report.
RM shares opened at $53.89 on Friday. The company has a 50-day moving average of $54.14 and a 200-day moving average of $56.25. The company has a quick ratio of 34.12, a current ratio of 34.12 and a leverage ratio of 3.49. Regional leadership has a 12 month minimum of $30.75 and a 12 month maximum of $67.60. The company has a market capitalization of $534.16 million, a P/E ratio of 7.12 and a beta of 1.30.
Several hedge funds and other institutional investors have recently bought and sold shares of RM. Bank of New York Mellon Corp increased its position in regional management by 2.7% in the second quarter. Bank of New York Mellon Corp now owns 101,596 shares of the credit service provider worth $4,728,000 after buying 2,678 additional shares during the period. The Florida Retirement System State Board of Directors purchased a new position in regional management in Q3 valued at $215,000. Advisor Group Holdings Inc. increased its position in regional management by 243.4% in Q3. Advisor Group Holdings Inc. now owns 4,032 shares of the credit service provider worth $231,000 after buying 2,858 additional shares during the period. O Shaughnessy Asset Management LLC increased its position in regional management by 11.1% in the third quarter. O Shaughnessy Asset Management LLC now owns 5,794 shares of the credit service provider worth $337,000 after purchasing an additional 578 shares during the period. Finally, Khrom Capital Management LLC purchased a new position in regional management in the 2nd quarter at a value of $6,987,000. 80.60% of the shares are held by institutional investors.
In other regional leadership news, Executive Vice President Brian J. Fisher sold 8,646 shares of the company in a trade on Monday, Nov. 15. The shares were sold at an average price of $60.71, for a total value of $524,898.66. The sale was disclosed in a filing with the Securities & Exchange Commission, available via this hyperlink. Also, director Carlos Palomares sold 5,000 shares of the company in a transaction on Monday, January 3. The shares were sold at an average price of $57.97, for a total transaction of $289,850.00. Disclosure of this sale can be found here. In the past ninety days, insiders have sold 77,005 shares of the company valued at $4,866,763. 9.70% of the shares are held by insiders.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 16. Investors of record on Wednesday, February 23 will receive a dividend of $0.30. The ex-dividend date is Tuesday, February 22. This is an increase from the previous quarterly regional management dividend of $0.25. This represents an annualized dividend of $1.20 and a yield of 2.23%. The Regional Management’s dividend distribution rate (DPR) is 13.21%.
About regional management
Regional Management Corp. provides financial services to consumers. The Company’s products include small, large and retail installment loans. It also offers optional payment insurance and warranty protection products. The company was founded by Richard A. Godley and C. Glynn Quattlebaum on March 25, 1987 and is based in Greer, SC.
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