Regional Management Corp (NYSE:RM) – Stock analysts at Jefferies Group decreased their Q4 2017 earnings per share (EPS) estimates for shares of Regional Management in a research note issued on Wednesday. Jefferies Group analyst J. Hecht now anticipates that the credit services provider will post earnings per share of $0.64 for the quarter, down from their prior forecast of $0.67. Jefferies Group currently has a “Buy” rating and a $33.00 price target on the stock. Jefferies Group also issued estimates for Regional Management’s Q1 2018 earnings at $0.77 EPS, Q3 2018 earnings at $0.83 EPS, Q4 2018 earnings at $0.93 EPS and FY2018 earnings at $3.28 EPS.
Other equities analysts have also issued research reports about the stock. ValuEngine lowered shares of Regional Management from a “strong-buy” rating to a “buy” rating in a report on Saturday. Zacks Investment Research upgraded shares of Regional Management from a “hold” rating to a “buy” rating and set a $31.00 price target on the stock in a report on Wednesday. BMO Capital Markets reiterated a “hold” rating and issued a $32.00 price target on shares of Regional Management in a report on Monday, January 8th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $27.00 price target on shares of Regional Management in a report on Friday, December 22nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company. Regional Management presently has an average rating of “Hold” and a consensus price target of $29.00.
Regional Management (RM) opened at $28.26 on Friday. The firm has a market cap of $321.54, a price-to-earnings ratio of 13.02 and a beta of 1.38. Regional Management has a 1-year low of $18.31 and a 1-year high of $28.30. The company has a quick ratio of 39.39, a current ratio of 39.39 and a debt-to-equity ratio of 2.34.
In other Regional Management news, major shareholder Basswood Capital Management, L bought 7,881 shares of Regional Management stock in a transaction that occurred on Saturday, December 29th. The shares were acquired at an average price of $26.40 per share, for a total transaction of $208,058.40. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 9.50% of the company’s stock.
Several large investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP lifted its holdings in shares of Regional Management by 4.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 835,364 shares of the credit services provider’s stock valued at $20,224,000 after acquiring an additional 38,978 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Regional Management by 7.1% during the 2nd quarter. Vanguard Group Inc. now owns 695,053 shares of the credit services provider’s stock valued at $16,424,000 after acquiring an additional 46,288 shares in the last quarter. Second Curve Capital LLC lifted its holdings in Regional Management by 67.5% in the 3rd quarter. Second Curve Capital LLC now owns 633,034 shares of the credit services provider’s stock worth $15,326,000 after buying an additional 255,000 shares in the last quarter. State Street Corp lifted its holdings in Regional Management by 11.7% in the 2nd quarter. State Street Corp now owns 194,758 shares of the credit services provider’s stock worth $4,601,000 after buying an additional 20,390 shares in the last quarter. Finally, American Century Companies Inc. lifted its holdings in Regional Management by 8.0% in the 3rd quarter. American Century Companies Inc. now owns 180,253 shares of the credit services provider’s stock worth $4,364,000 after buying an additional 13,351 shares in the last quarter. Institutional investors and hedge funds own 86.40% of the company’s stock.
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About Regional Management
Regional Management Corp. is a diversified consumer finance company. The Company provides an array of loan products primarily to customers with limited access to consumer credit from banks, thrifts, credit card companies and other traditional lenders. Its products include small loans, large loans, automobile loans, retail loans, and optional payment and collateral protection insurance products.
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