Regional Management Corp (NYSE:RM) Director Roel C. Campos bought 800 shares of the company’s stock in a transaction on Thursday, March 15th. The stock was bought at an average price of $30.99 per share, for a total transaction of $24,792.00. Following the completion of the purchase, the director now directly owns 29,654 shares in the company, valued at $918,977.46. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Regional Management Corp (RM) traded up $0.67 during midday trading on Friday, hitting $31.56. 109,837 shares of the stock were exchanged, compared to its average volume of 73,109. The company has a current ratio of 42.60, a quick ratio of 42.60 and a debt-to-equity ratio of 2.37. Regional Management Corp has a 1 year low of $18.31 and a 1 year high of $35.34. The company has a market capitalization of $361.11, a P/E ratio of 12.43 and a beta of 1.31.
Regional Management (NYSE:RM) last released its quarterly earnings data on Tuesday, February 13th. The credit services provider reported $0.62 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.02. Regional Management had a net margin of 11.00% and a return on equity of 12.54%. The firm had revenue of $72.11 million for the quarter, compared to the consensus estimate of $71.86 million. equities research analysts expect that Regional Management Corp will post 3.16 earnings per share for the current year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. MetLife Investment Advisors LLC bought a new position in shares of Regional Management during the fourth quarter valued at approximately $145,000. The Manufacturers Life Insurance Company boosted its stake in shares of Regional Management by 6.4% during the second quarter. The Manufacturers Life Insurance Company now owns 9,194 shares of the credit services provider’s stock valued at $218,000 after purchasing an additional 554 shares in the last quarter. First Trust Advisors LP bought a new position in shares of Regional Management during the fourth quarter valued at approximately $221,000. Eqis Capital Management Inc. bought a new position in shares of Regional Management during the fourth quarter valued at approximately $231,000. Finally, Bailard Inc. bought a new position in shares of Regional Management during the fourth quarter valued at approximately $326,000. Hedge funds and other institutional investors own 88.26% of the company’s stock.
A number of equities analysts have commented on the stock. Zacks Investment Research downgraded shares of Regional Management from a “buy” rating to a “hold” rating in a research note on Wednesday. ValuEngine upgraded shares of Regional Management from a “buy” rating to a “strong-buy” rating in a research note on Thursday, February 8th. Jefferies Group restated a “buy” rating and issued a $33.00 target price on shares of Regional Management in a research note on Thursday, January 11th. BMO Capital Markets restated a “hold” rating and issued a $32.00 target price on shares of Regional Management in a research note on Monday, January 8th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $27.00 target price on shares of Regional Management in a research note on Friday, December 22nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. Regional Management has an average rating of “Hold” and an average price target of $29.00.
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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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