Regional Management (NYSE:RM) Director Roel C. Campos acquired 800 shares of the firm’s stock in a transaction dated Tuesday, March 13th. The shares were purchased at an average cost of $31.56 per share, for a total transaction of $25,248.00. Following the completion of the acquisition, the director now directly owns 29,654 shares in the company, valued at $935,880.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
RM stock traded down $0.87 during trading on Friday, reaching $32.16. 60,587 shares of the company traded hands, compared to its average volume of 63,703. Regional Management has a 12 month low of $19.23 and a 12 month high of $35.34. The company has a market cap of $375.95, a P/E ratio of 14.23 and a beta of 1.19. The company has a debt-to-equity ratio of 2.37, a current ratio of 42.60 and a quick ratio of 42.60.
Regional Management (NYSE:RM) last released its quarterly earnings results on Tuesday, February 13th. The credit services provider reported $0.62 EPS for the quarter, beating 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 analysts’ expectations of $71.86 million. analysts anticipate that Regional Management will post 3.13 EPS for the current year.
A number of institutional investors have recently added to or reduced their stakes in the business. Teachers Advisors LLC raised its stake in shares of Regional Management by 0.9% in the second quarter. Teachers Advisors LLC now owns 17,045 shares of the credit services provider’s stock worth $403,000 after purchasing an additional 152 shares during the last quarter. Vanguard Group Inc. raised its stake 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 worth $16,424,000 after purchasing an additional 46,288 shares during the last quarter. State Street Corp raised its stake 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 worth $4,601,000 after purchasing an additional 20,390 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Regional Management by 6.4% in the second quarter. The Manufacturers Life Insurance Company now owns 9,194 shares of the credit services provider’s stock worth $218,000 after purchasing an additional 554 shares during the last quarter. Finally, American Century Companies Inc. raised its stake 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 worth $4,364,000 after purchasing an additional 13,351 shares during the last quarter. Institutional investors own 88.26% of the company’s stock.
Several equities analysts have commented on RM shares. Zacks Investment Research downgraded Regional Management from a “buy” rating to a “hold” rating in a research report on Wednesday, March 14th. ValuEngine downgraded Regional Management from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 13th. BMO Capital Markets reaffirmed a “hold” rating and issued a $32.00 price objective on shares of Regional Management in a research report on Monday, January 8th. Jefferies Group reissued a “buy” rating and set a $33.00 price target on shares of Regional Management in a research report on Thursday, January 11th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $27.00 price target on shares of Regional Management in a research report on Friday, December 22nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. Regional Management presently has an average rating of “Hold” and a consensus price target of $29.00.
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Regional Management Company Profile
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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