Regional Management (NYSE:RM) Releases Quarterly Earnings Results, Beats Expectations By $0.10 EPS

Regional Management (NYSE:RM) released its quarterly earnings data on Wednesday. The credit services provider reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.10, Zacks reports. Regional Management had a return on equity of 11.98% and a net margin of 4.13%.

Regional Management Price Performance

Shares of NYSE:RM traded up $0.27 during trading on Wednesday, reaching $36.76. The stock had a trading volume of 60,163 shares, compared to its average volume of 54,685. The business’s 50-day moving average price is $33.93 and its 200 day moving average price is $32.09. The company has a debt-to-equity ratio of 3.94, a current ratio of 44.42 and a quick ratio of 44.42. The stock has a market capitalization of $373.63 million, a PE ratio of 15.45 and a beta of 1.49. Regional Management has a 52 week low of $20.50 and a 52 week high of $37.19.

Insider Activity

In other Regional Management news, CEO Robert William Beck sold 7,104 shares of the company’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $32.55, for a total transaction of $231,235.20. Following the transaction, the chief executive officer now directly owns 103,443 shares in the company, valued at approximately $3,367,069.65. This represents a 6.43 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Fund L.P. Forager sold 21,805 shares of the firm’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $32.17, for a total transaction of $701,466.85. Following the completion of the transaction, the insider now directly owns 1,021,216 shares in the company, valued at approximately $32,852,518.72. The trade was a 2.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 65,973 shares of company stock worth $2,179,000. 10.50% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Separately, Stephens initiated coverage on shares of Regional Management in a research note on Wednesday, November 13th. They issued an “overweight” rating and a $38.00 target price on the 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.