Wall Street stockbrokers expect Regional Management Corp. (NYSE:RM – received rating) to report revenue of $117.18 million for the current quarter, Zack reports. Two analysts have made estimates for Regional Management’s revenue, with estimates ranging from $116.48 million to $117.88 million. Regional Management reported revenue of $97.73 million for the same quarter last year, indicating a positive growth rate of 19.9% year over year. The company is expected to release its next quarterly report on Monday, January 1st.
According to Zacks, analysts expect regional management to report full-year revenue of $492.09 million for the year to date, with estimates ranging from $488.94 million to $495.24 million. For the next year, analysts expect the company to report revenue of $551.60 million, with estimates ranging from $547.74 million to $555.46 million. Zacks Investment Research sell side averages are an average based on a survey of sell side research analysts covering regional management.
Regional Management (NYSE:RM – received rating) last released its quarterly earnings data on Wednesday, February 9th. The credit servicer reported earnings per share of $2.04 for the quarter, beating analysts’ consensus estimate of $1.79 by $0.25. The company had revenue of $119.48 million for the quarter, compared to analysts’ expectations of $116.84 million. Regional Management had a return on equity of 31.59% and a net margin of 20.70%. In the same period last year, the company posted $1.28 per share.
RM has been the subject of a number of analyst reports. Zacks Investment Research Downgraded regional management from a “strong buy” rating to a “hold” rating in a research note on Wednesday 2 February. StockNews.com upgraded Regional Management from a “buy” rating to a “strong buy” rating in a research note on Tuesday, March 22.
NYSE RM shares opened at $47.33 on Friday. The company has a debt to equity ratio of 3.88, a current ratio of 27.76 and a quick ratio of 27.76. The stock has a market cap of $465.25 million, a P/E of 5.68 and a beta of 1.35. Regional Management has a 1 year low of $33.21 and a 1 year high of $67.60. The company has a 50-day moving average price of $49.79 and a 200-day moving average price of $54.90.
The company also recently announced a quarterly dividend, which was paid on Wednesday, March 16th. A dividend of $0.30 was paid to shareholders of record on Wednesday, February 23. The ex-dividend date was Tuesday February 22nd. This is an increase from Regional Management’s previous quarterly dividend of $0.25. That equates to a $1.20 annualized dividend and a 2.54% yield. Regional Management’s Dividend Payout Ratio (DPR) is 14.41%.
In other Regional Management News, CEO Robert Wilhelm Beck sold 5,000 shares of the stock in a transaction dated Tuesday, March 8th. The stock sold at an average price of $47.74 for a total value of $238,700.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed here the SEC website. In addition, director Basswood Capital Management, L. sold 2,367 shares of the stock in a transaction on Wednesday, February 16. The shares were sold at an average price of $53.92 for a total value of $127,628.64. Disclosure for this sale can be found here. During the most recent quarter, insiders sold 12,367 shares of the company’s stock for $656,179. 9.70% of the shares are currently owned by company insiders.
Several hedge funds have recently changed their positions in the company. Dorsey Wright & Associates increased its holdings of Regional Management stock by 15.6% in the fourth quarter. Dorsey Wright & Associates now owns 1,540 shares of the loan servicer, valued at $88,000, after purchasing an additional 208 shares during the period. Diversified Trust Co increased its holding in Regional Management stock by 6.0% in the fourth quarter. Diversified Trust Co now owns 3,935 shares of the credit servicer, valued at $226,000, after purchasing an additional 221 shares during the period. Deutsche Bank AG increased its holding of Regional Management shares by 5.8% in the fourth quarter. Deutsche Bank AG now owns 4,839 shares of the loan servicer, valued at $278,000, after purchasing an additional 264 shares during the period. Fuller & Thaler Asset Management Inc. increased its holdings in Regional Management by 0.4% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 61,976 shares of the credit servicer, valued at $3,561,000, having purchased an additional 275 shares during the period. Finally, UBS Group AG increased its holdings in Regional Management by 7.7% in the third quarter. UBS Group AG now owns 4,461 shares of the credit servicer, valued at $259,000, after purchasing a further 319 shares during the period. 85.57% of the shares are currently owned by institutional investors and hedge funds.
About regional management (received rating)
Regional Management Corp. engages in the provision of financial services to consumers. The Company’s products include small, large and consumer loans. It also offers optional payment and collateral insurance products. The company was founded on March 25, 1987 by Richard A. Godley and C. Glynn Quattlebaum and is headquartered in Greer, SC.
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