Q1 2023 EPS Estimates for Regional Management Corp. Decreased by Analyst (NYSE:RM)

Regional Management Corp. (NYSE:RM – Get Rating) – Stock analysts at Jefferies Financial Group cut their Q1 2023 EPS estimates for shares of Regional Management in a report released on Wednesday, August 3rd. Jefferies Financial Group analyst J. Hecht now anticipates that the credit services provider will post earnings of $1.59 per share for the quarter, down from their previous estimate of $1.85. The consensus estimate for Regional Management’s current full-year earnings is $7.57 per share. Jefferies Financial Group also issued estimates for Regional Management’s Q2 2023 earnings at $2.02 EPS and Q3 2023 earnings at $1.94 EPS.

RM has been the subject of several other reports. StockNews.com downgraded shares of Regional Management from a “strong-buy” rating to a “buy” rating in a report on Friday, April 8th. Keefe, Bruyette & Woods cut their price target on shares of Regional Management from $53.00 to $41.00 in a report on Monday, July 11th. Finally, BMO Capital Markets cut their price target on shares of Regional Management from $58.00 to $52.00 in a report on Friday.

Regional Management Price Performance

Shares of Regional Management stock opened at $39.19 on Friday. The company has a debt-to-equity ratio of 3.76, a quick ratio of 30.17 and a current ratio of 30.17. The firm’s 50-day simple moving average is $40.59 and its 200-day simple moving average is $45.38. Regional Management has a twelve month low of $36.50 and a twelve month high of $67.60. The firm has a market cap of $379.05 million, a P/E ratio of 4.86 and a beta of 1.38.

Regional Management (NYSE:RM – Get Rating) last issued its earnings results on Wednesday, May 4th. The credit services provider reported $2.67 earnings per share for the quarter, beating the consensus estimate of $1.91 by $0.76. Regional Management had a net margin of 17.23% and a return on equity of 28.56%. The business had revenue of $120.85 million for the quarter, compared to analyst estimates of $117.18 million. During the same period in the previous year, the business earned $2.31 EPS.

Regional Management Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Wednesday, August 24th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.06%. The ex-dividend date of this dividend is Tuesday, August 23rd. Regional Management’s dividend payout ratio is presently 14.89%.

Insiders Place Their Bets

In related news, Director Sandra K. Johnson sold 1,687 shares of the business’s stock in a transaction that occurred on Monday, May 23rd. The shares were sold at an average price of $44.77, for a total transaction of $75,526.99. Following the completion of the sale, the director now directly owns 4,997 shares of the company’s stock, valued at $223,715.69. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 8.90% of the company’s stock.

Institutional Investors Weigh In On Regional Management

A number of institutional investors and hedge funds have recently modified their holdings of RM. Russell Investments Group Ltd. bought a new stake in shares of Regional Management during the fourth quarter worth approximately $845,000. Allspring Global Investments Holdings LLC acquired a new position in Regional Management during the fourth quarter valued at approximately $1,496,000. Qube Research & Technologies Ltd acquired a new position in Regional Management during the fourth quarter valued at approximately $316,000. Assenagon Asset Management S.A. acquired a new position in Regional Management during the fourth quarter valued at approximately $1,905,000. Finally, Los Angeles Capital Management LLC grew its holdings in Regional Management by 17.7% during the fourth quarter. Los Angeles Capital Management LLC now owns 58,690 shares of the credit services provider’s stock valued at $3,372,000 after purchasing an additional 8,810 shares during the period. 89.95% of the stock is owned by institutional investors.

About Regional Management

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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.

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