Regional Management (NYSE:RM) Issues Earnings Results, Beats Estimates By $0.10 EPS

Regional Management (NYSE:RM) released its earnings results on Wednesday. The credit services provider reported $0.98 earnings per share (EPS) for the quarter, topping 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 Stock Up 0.8 %

RM traded up $0.27 during trading hours on Wednesday, hitting $36.76. 60,163 shares of the company’s stock were exchanged, compared to its average volume of 54,685. The stock has a market cap of $373.63 million, a price-to-earnings ratio of 15.45 and a beta of 1.49. Regional Management has a 1-year low of $20.50 and a 1-year high of $37.19. The stock’s 50-day moving average is $33.93 and its two-hundred day moving average is $32.09. The company has a quick ratio of 44.42, a current ratio of 44.42 and a debt-to-equity ratio of 3.94.

Insider Buying and Selling at Regional Management

In other Regional Management news, CEO Robert William Beck sold 7,104 shares of the company’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $32.55, for a total transaction of $231,235.20. Following the sale, the chief executive officer now directly owns 103,443 shares of the company’s stock, valued at approximately $3,367,069.65. This represents a 6.43 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Catherine R. Atwood sold 1,128 shares of the stock in a transaction on Friday, December 6th. The shares were sold at an average price of $33.00, for a total transaction of $37,224.00. Following the completion of the sale, the senior vice president now owns 42,025 shares of the company’s stock, valued at approximately $1,386,825. This represents a 2.61 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 65,973 shares of company stock worth $2,179,000. Insiders own 10.50% of the company’s stock.

Analysts Set New Price Targets

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

About Regional Management

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.