Regional Management Corp. (RM) To Go Ex-Dividend on May 20th

Regional Management Corp. (NYSE:RM) announced a quarterly dividend on Wednesday, April 29th. Stockholders of record on Wednesday, May 20th will be paid a dividend of 0.30 per share by the credit services provider on Wednesday, June 10th. This represents a c) dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend is Wednesday, May 20th.

Regional Management has increased its dividend by an average of 0.4%annually over the last three years. Regional Management has a dividend payout ratio of 18.3% indicating that its dividend is sufficiently covered by earnings.

Regional Management Stock Down 3.4%

Shares of NYSE:RM opened at $37.23 on Friday. The stock has a 50-day simple moving average of $34.38 and a 200-day simple moving average of $36.78. The stock has a market capitalization of $347.34 million, a P/E ratio of 7.55 and a beta of 1.03. Regional Management has a 1 year low of $26.06 and a 1 year high of $46.00. The company has a debt-to-equity ratio of 4.40, a quick ratio of 49.92 and a current ratio of 49.92.

Regional Management (NYSE:RM) last posted its quarterly earnings results on Wednesday, April 29th. The credit services provider reported $1.18 EPS for the quarter, beating the consensus estimate of $0.98 by $0.20. The firm had revenue of $167.29 million for the quarter, compared to analyst estimates of $161.55 million. Regional Management had a net margin of 7.40% and a return on equity of 13.22%.

Analyst Ratings Changes

RM has been the topic of a number of research reports. Wall Street Zen downgraded shares of Regional Management from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 7th. Zacks Research upgraded Regional Management from a “strong sell” rating to a “hold” rating in a report on Monday, January 5th. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $30.00.

Regional Management Company Profile

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.