Regional Management Corp (NYSE:RM) – Equities research analysts at Jefferies Group dropped their Q4 2017 earnings per share estimates for Regional Management in a research note issued on Wednesday, Zacks Investment Research reports. Jefferies Group analyst J. Hecht now forecasts that the credit services provider will post earnings of $0.64 per share for the quarter, down from their prior forecast of $0.67. Jefferies Group currently has a “Buy” rating and a $33.00 price objective 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.
Regional Management (NYSE:RM) last issued its quarterly earnings data on Wednesday, November 8th. The credit services provider reported $0.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.02). Regional Management had a net margin of 9.66% and a return on equity of 12.62%. The business had revenue of $69.19 million for the quarter, compared to analyst estimates of $68.81 million.
Several other research analysts have also recently weighed in on RM. BMO Capital Markets restated a “hold” rating and set a $25.00 price target on shares of Regional Management in a report on Sunday, November 12th. Zacks Investment Research cut shares of Regional Management from a “hold” rating to a “sell” rating in a report on Tuesday, November 14th. ValuEngine upgraded shares of Regional Management from a “buy” rating to a “strong-buy” rating in a report on Friday, December 1st. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $27.00 price target on shares of Regional Management in a report on Friday, December 22nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $29.00.
Regional Management (NYSE RM) traded down $0.72 during trading on Friday, reaching $27.83. 32,069 shares of the company traded hands, compared to its average volume of 76,120. Regional Management has a 1-year low of $18.31 and a 1-year high of $29.15. The stock has a market capitalization of $324.69, a PE ratio of 12.82 and a beta of 1.42. The company has a current ratio of 39.39, a quick ratio of 39.39 and a debt-to-equity ratio of 2.34.
In other Regional Management news, major shareholder Basswood Capital Management, L sold 4,163 shares of the business’s stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $27.84, for a total value of $115,897.92. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 9.50% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP raised its position in shares of Regional Management by 4.9% in the third quarter. Dimensional Fund Advisors LP now owns 835,364 shares of the credit services provider’s stock valued at $20,224,000 after purchasing an additional 38,978 shares during the period. Vanguard Group Inc. raised its position in shares of Regional Management by 7.1% in the second quarter. Vanguard Group Inc. now owns 695,053 shares of the credit services provider’s stock valued at $16,424,000 after purchasing an additional 46,288 shares during the period. Second Curve Capital LLC raised its position in shares of Regional Management by 67.5% in the third quarter. Second Curve Capital LLC now owns 633,034 shares of the credit services provider’s stock valued at $15,326,000 after purchasing an additional 255,000 shares during the period. State Street Corp raised its position in shares of Regional Management by 11.7% in the second quarter. State Street Corp now owns 194,758 shares of the credit services provider’s stock valued at $4,601,000 after purchasing an additional 20,390 shares during the period. Finally, American Century Companies Inc. raised its position in shares of Regional Management by 8.0% in the third quarter. American Century Companies Inc. now owns 180,253 shares of the credit services provider’s stock valued at $4,364,000 after purchasing an additional 13,351 shares during the period. Hedge funds and other institutional investors own 87.14% of the company’s stock.
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Regional Management Company Profile
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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