Zacks Investment Research lowered shares of Regional Management Corp. (NYSE:RM) from a hold rating to a sell rating in a research note published on Friday, July 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. “
RM has been the subject of several other research reports. ValuEngine raised Regional Management Corp. from a buy rating to a strong-buy rating in a research report on Saturday, June 10th. JMP Securities raised Regional Management Corp. from a market perform rating to an outperform rating and set a $28.00 price objective for the company in a research report on Tuesday, June 13th. Keefe, Bruyette & Woods reaffirmed a hold rating and set a $22.00 price objective on shares of Regional Management Corp. in a research report on Tuesday, April 11th. BMO Capital Markets reiterated a hold rating and set a $26.00 target price on shares of Regional Management Corp. in a research note on Tuesday, April 11th. Finally, TheStreet upgraded Regional Management Corp. from a c+ rating to a b- rating in a research note on Thursday, July 6th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of Hold and a consensus target price of $25.83.
Shares of Regional Management Corp. (RM) traded up 0.85% during midday trading on Friday, hitting $23.71. 41,463 shares of the stock traded hands. The company has a market capitalization of $276.27 million, a PE ratio of 10.41 and a beta of 1.36. The firm’s 50 day moving average price is $23.71 and its 200 day moving average price is $21.79. Regional Management Corp. has a 12-month low of $18.31 and a 12-month high of $27.56.
Regional Management Corp. (NYSE:RM) last released its quarterly earnings data on Tuesday, August 1st. The credit services provider reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.06. Regional Management Corp. had a return on equity of 12.98% and a net margin of 10.37%. The business had revenue of $65.34 million during the quarter, compared to analysts’ expectations of $65 million. During the same quarter last year, the business posted $0.49 EPS. The business’s revenue was up 14.0% on a year-over-year basis. Analysts expect that Regional Management Corp. will post $2.02 EPS for the current year.
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Several large investors have recently modified their holdings of the company. Wellington Management Group LLP boosted its stake in shares of Regional Management Corp. by 9.9% in the first quarter. Wellington Management Group LLP now owns 1,146,282 shares of the credit services provider’s stock valued at $22,272,000 after buying an additional 103,176 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Regional Management Corp. by 12.9% in the first quarter. Dimensional Fund Advisors LP now owns 707,817 shares of the credit services provider’s stock valued at $13,753,000 after buying an additional 80,788 shares during the last quarter. LSV Asset Management boosted its stake in shares of Regional Management Corp. by 10.5% in the first quarter. LSV Asset Management now owns 658,699 shares of the credit services provider’s stock valued at $12,798,000 after buying an additional 62,500 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Regional Management Corp. by 17.9% in the first quarter. Vanguard Group Inc. now owns 648,765 shares of the credit services provider’s stock valued at $12,605,000 after buying an additional 98,504 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its stake in shares of Regional Management Corp. by 53.0% in the first quarter. Renaissance Technologies LLC now owns 355,000 shares of the credit services provider’s stock valued at $6,898,000 after buying an additional 122,900 shares during the last quarter. 88.37% of the stock is currently owned by hedge funds and other institutional investors.
About Regional Management Corp.
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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