Regional Management Corp (NYSE:RM) has been assigned an average rating of “Hold” from the ten analysts that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $29.00.
Several equities analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Regional Management from a “hold” rating to a “buy” rating and set a $31.00 target price on the stock in a report on Wednesday, January 10th. Jefferies Group restated a “buy” rating and set a $33.00 target price on shares of Regional Management in a report on Thursday, January 11th. ValuEngine upgraded shares of Regional Management from a “buy” rating to a “strong-buy” rating in a report on Friday, December 1st. Keefe, Bruyette & Woods restated a “hold” rating and set a $27.00 target price on shares of Regional Management in a report on Friday, December 22nd. Finally, BMO Capital Markets restated a “hold” rating and set a $25.00 target price on shares of Regional Management in a report on Sunday, November 12th.
In other news, major shareholder Basswood Capital Management, L acquired 7,881 shares of the business’s stock in a transaction on Friday, December 29th. The shares were purchased at an average price of $26.40 per share, for a total transaction of $208,058.40. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 9.50% of the company’s stock.
A number of hedge funds have recently modified their holdings of RM. Teachers Advisors LLC lifted its holdings in Regional Management by 0.9% in the 2nd quarter. Teachers Advisors LLC now owns 17,045 shares of the credit services provider’s stock worth $403,000 after buying an additional 152 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Regional Management by 7.1% in the 2nd quarter. Vanguard Group Inc. now owns 695,053 shares of the credit services provider’s stock worth $16,424,000 after buying an additional 46,288 shares in the last quarter. Parametric Portfolio Associates LLC lifted its holdings in Regional Management by 71.1% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 81,069 shares of the credit services provider’s stock worth $1,916,000 after buying an additional 33,694 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Regional Management by 12.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 796,386 shares of the credit services provider’s stock worth $18,819,000 after buying an additional 88,569 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in Regional Management by 35.3% in the 2nd quarter. Goldman Sachs Group Inc. now owns 96,347 shares of the credit services provider’s stock worth $2,277,000 after buying an additional 25,132 shares in the last quarter. Hedge funds and other institutional investors own 85.61% of the company’s stock.
Regional Management (NYSE:RM) opened at $31.82 on Tuesday. The company has a current ratio of 39.39, a quick ratio of 39.39 and a debt-to-equity ratio of 2.34. The firm has a market cap of $370.99, a price-to-earnings ratio of 12.53 and a beta of 1.42. Regional Management has a 1-year low of $18.31 and a 1-year high of $35.34.
Regional Management (NYSE:RM) last posted its earnings results on Tuesday, February 13th. The credit services provider reported $0.62 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.02. The business had revenue of $72.11 million for the quarter, compared to analyst estimates of $71.86 million. Regional Management had a net margin of 11.00% and a return on equity of 12.80%. research analysts forecast that Regional Management will post 3 earnings per share for the current fiscal year.
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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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