Stephens set a $34.00 price objective on Regional Management (NYSE:RM) in a report published on Friday. The brokerage currently has a hold rating on the credit services provider’s stock.
RM has been the subject of several other research reports. ValuEngine lowered Regional Management from a hold rating to a sell rating in a research report on Monday, October 8th. BMO Capital Markets increased their target price on Regional Management from $32.00 to $36.00 and gave the stock a market perform rating in a research report on Thursday, August 2nd. Zacks Investment Research lowered Regional Management from a buy rating to a hold rating in a research report on Saturday, September 8th. Finally, TheStreet lowered Regional Management from a b rating to a c+ rating in a research report on Monday, July 16th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of $34.00.
RM traded down $1.02 during midday trading on Friday, reaching $28.08. 46,673 shares of the company’s stock traded hands, compared to its average volume of 57,379. The firm has a market capitalization of $346.17 million, a price-to-earnings ratio of 11.21 and a beta of 0.81. The company has a debt-to-equity ratio of 2.28, a current ratio of 47.26 and a quick ratio of 47.26. Regional Management has a 52 week low of $21.50 and a 52 week high of $37.21.
Regional Management (NYSE:RM) last released its quarterly earnings results on Thursday, November 8th. The credit services provider reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.02. The business had revenue of $77.92 million during the quarter, compared to analyst estimates of $78.72 million. Regional Management had a return on equity of 12.87% and a net margin of 11.64%. As a group, sell-side analysts expect that Regional Management will post 3.09 EPS for the current fiscal year.
Several large investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its position in Regional Management by 0.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 982,621 shares of the credit services provider’s stock valued at $34,412,000 after buying an additional 8,782 shares in the last quarter. BlackRock Inc. increased its position in Regional Management by 3.3% during the 3rd quarter. BlackRock Inc. now owns 629,212 shares of the credit services provider’s stock valued at $18,142,000 after buying an additional 20,005 shares in the last quarter. Renaissance Technologies LLC increased its position in Regional Management by 21.3% during the 2nd quarter. Renaissance Technologies LLC now owns 419,536 shares of the credit services provider’s stock valued at $14,692,000 after buying an additional 73,536 shares in the last quarter. Argent Capital Management LLC increased its position in Regional Management by 51.2% during the 2nd quarter. Argent Capital Management LLC now owns 82,250 shares of the credit services provider’s stock valued at $2,880,000 after buying an additional 27,840 shares in the last quarter. Finally, Spark Investment Management LLC increased its position in Regional Management by 15.2% during the 2nd quarter. Spark Investment Management LLC now owns 66,700 shares of the credit services provider’s stock valued at $2,335,000 after buying an additional 8,800 shares in the last quarter. 85.99% of the stock is owned by hedge funds and other institutional investors.
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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