Regional Management (NYSE:RM) will report its quarterly earnings results after market close on Wednesday, February 9th. Analysts expect Regional Management to report earnings of $1.79 per share for the quarter. Those interested in the Company’s earnings conference call can do so through this link.
Regional Management (NYSE:RM) last released its quarterly earnings results on Monday, November 1st. The credit servicer reported $2.11 EPS for the quarter, beating Zacks consensus estimate of $1.56 by $0.55. Regional Management had a return on equity of 29.58% and a net margin of 20.25%. The company had revenue of $111.46 million for the quarter, compared to analyst estimates of $103.32 million. In the same period last year, the company generated earnings per share of $1.01. On average, analysts expect regional management to report earnings per share of $8 for the current fiscal year and $7 for the next fiscal year.
NYSE RM shares opened at $51.36 on Wednesday. The company has a current ratio of 34.12, a quick ratio of 34.12 and a debt to equity ratio of 3.49. The company has a market cap of $509.08 million, a P/E of 6.78 and a beta of 1.30. Regional Management has a 52-week low of $29.18 and a 52-week high of $67.60. The company has a 50-day moving average of $55.21.
Also on Thursday, November 11, CEO Robert William Beck sold 3,000 shares of the stock in a transaction. The shares sold at an average price of $60.98 for a total value of $182,940.00. The sale was disclosed in a filing with the SEC, available at this hyperlink. Also, on Monday, January 3, Director Carlos Palomares sold 5,000 shares of the stock in a transaction. The stock sold at an average price of $57.97 for a total transaction of $289,850.00. The disclosure for this sale can be found here. Over the past ninety days, insiders sold 94,865 shares of the company’s shares, valued at $5,927,941. Insiders own 9.70% of the company’s shares.
Several large investors have recently changed their holdings in RM. BNP Paribas Arbitrage SA increased its holding in Regional Management shares by 482.3% in the third quarter. BNP Paribas Arbitrage SA now owns 1,846 shares of the credit servicer, valued at $107,000, after buying another 1,529 shares last quarter. UBS Group AG increased its holding of Regional Management shares by 7.7% in the third quarter. UBS Group AG now owns 4,461 shares of the loan servicer, valued at $259,000, after buying another 319 shares last quarter. Wells Fargo & Company MN increased its holding in Regional Management stock by 357.1% in the second quarter. Wells Fargo & Company MN now owns 22,866 shares of the credit servicer, valued at $1,065,000, after purchasing an additional 17,864 shares last quarter. The Royal Bank of Canada increased its holdings in Regional Management stocks by 1.8% in the third quarter. The Royal Bank of Canada now owns 18,647 shares of the credit servicer, valued at $1,085,000, after buying another 325 shares last quarter. Finally, Morgan Stanley increased its holdings in Regional Management stock by 130.4% during the second quarter. Morgan Stanley now owns 59,683 shares of the credit servicer, valued at $2,778,000, after buying another 33,783 shares last quarter. 80.60% of the shares are currently owned by hedge funds and other institutional investors.
Separately, Zacks Investment Research upgraded Regional Management’s stock to a buy from a ‘hold’ rating and issued a research report on Friday, November 5th with a price target of $66.00 for the company.
About regional management
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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