Zacks Investment Research cut shares of Regional Management (NYSE:RM) from a buy rating to a hold rating in a research report sent to investors on Wednesday, March 14th.
According to Zacks, “Regional Management Corp. is a diversified specialty consumer finance company engaged in providing loan products primarily to customers with limited access to consumer credit from banks, thrifts, credit card companies and other traditional lenders. It offers Small Installment Loans, Large Installment Loans, Automobile Purchase Loans, Furniture and Appliance Purchase Loans and Insurance Products. The Company has operations primarily in South Carolina, Texas, North Carolina, Tennessee and Alabama. Regional Management Corp. is headquartered in Greenville, South Carolina. “
Other equities research analysts have also recently issued reports about the company. ValuEngine cut Regional Management from a strong-buy rating to a buy rating in a research note on Saturday, January 13th. Jefferies Group reaffirmed a buy rating and set a $33.00 price objective on shares of Regional Management in a research note on Thursday, January 11th. BMO Capital Markets reaffirmed a hold rating and set a $32.00 price objective on shares of Regional Management in a research note on Monday, January 8th. Finally, Keefe, Bruyette & Woods reaffirmed a hold rating and set a $27.00 price objective on shares of Regional Management in a research note on Friday, December 22nd. One analyst has rated the stock with a sell rating, five have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of $29.00.
Shares of RM stock traded down $0.87 on Wednesday, reaching $32.16. 60,587 shares of the stock were exchanged, compared to its average volume of 63,703. The company has a market cap of $386.13, a P/E ratio of 14.23 and a beta of 1.19. Regional Management has a one year low of $19.23 and a one year high of $35.34. The company has a quick ratio of 42.60, a current ratio of 42.60 and a debt-to-equity ratio of 2.37.
Regional Management (NYSE:RM) last released its earnings results on Tuesday, February 13th. The credit services provider reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.02. Regional Management had a return on equity of 12.54% and a net margin of 11.00%. The company had revenue of $72.11 million during the quarter, compared to the consensus estimate of $71.86 million. equities research analysts anticipate that Regional Management will post 3.13 earnings per share for the current fiscal year.
In other Regional Management news, Director Roel C. Campos bought 800 shares of the firm’s stock in a transaction on Tuesday, March 13th. The stock was purchased at an average cost of $31.56 per share, with a total value of $25,248.00. Following the completion of the purchase, the director now owns 29,654 shares in the company, valued at $935,880.24. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Daniel J. Taggart sold 3,200 shares of the company’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $30.45, for a total value of $97,440.00. Following the transaction, the senior vice president now directly owns 3,351 shares of the company’s stock, valued at $102,037.95. The disclosure for this sale can be found here. Over the last three months, insiders sold 33,325 shares of company stock valued at $928,591. Insiders own 9.50% of the company’s stock.
Hedge funds have recently bought and sold shares of the company. MetLife Investment Advisors LLC acquired a new position in shares of Regional Management during the fourth quarter worth about $145,000. The Manufacturers Life Insurance Company boosted its position 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 worth $218,000 after buying an additional 554 shares during the period. First Trust Advisors LP acquired a new position in shares of Regional Management during the fourth quarter worth about $221,000. Eqis Capital Management Inc. acquired a new position in shares of Regional Management during the fourth quarter worth about $231,000. Finally, Bailard Inc. acquired a new position in shares of Regional Management during the fourth quarter worth about $326,000. 88.26% of the stock is owned by institutional investors.
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About Regional Management
Regional Management Corp., a diversified consumer finance company, provides various loan products primarily to customers with limited access to consumer credit from banks, thrifts, credit card companies, and other traditional lenders. The company offers small and large installment loans; automobile purchase loans; loans to finance the purchase of furniture, appliances, and other retail products; insurance products, including credit life, credit accident and health, credit property, vehicle single interest, and credit involuntary unemployment insurance; collateral protection insurance; and property insurance, as well as reinsurance products.
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