Revenue Update on Regional Management Corp(NYSE:RM)

Regional Management Corp(NYSE:RM) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 26, 2016. Company reported revenue of $57.33M. Analysts estimated a revenue of $58.35M. Earnings per share were $0.53. Analysts had estimated an EPS of $0.40.

Regional Management Corp (RM) shares turned negative on Fridays trading session with the shares closing down -0.06 points or -0.32% at a volume of 2,16,173. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $19.04. The peak price level was also seen at $19.04 while the days lowest was $18.56. Finally the shares closed at $18.8. The 52-week high of the shares is $20.073 while the 52-week low is $11.77. According to the latest information available, the market cap of the company is $215 M.

Several Insider Transactions has been reported to the SEC. On May 6, 2016, Alvaro G Demolina (director) sold 10,000 shares at $15.83 per share price.Also, On Nov 3, 2015, Peter R Knitzer (director) purchased 12,000 shares at $16.45 per share price.On Sep 4, 2015, Roel C Campos (director) purchased 3,500 shares at $16.44 per share price, according to the Form-4 filing with the securities and exchange commission.

Regional Management Corp. (Regional) is a diversified specialty consumer finance company. The Company provides a range of loan products primarily to customers with limited access to consumer credit from banks thrifts credit card companies and other traditional lenders. It offers small loans large loans automobile loans retail loans and optional insurance products. The Company offers small loans ranging from $500 to $2500 through its branches as well as convenience check program. It offers large loans through its branches ranging from $2501 to $20000. The Company offers automobile loans of up to $27500 with terms of between 36 and 72 months. It markets and sells optional credit life insurance credit accident and health insurance and involuntary unemployment insurance products.

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