Regional Management (NYSE:RM) Upgraded at Citizens Jmp

Regional Management (NYSE:RM) was upgraded by equities research analysts at Citizens Jmp from a “market perform” rating to an “outperform” rating in a report released on Thursday. The firm currently has a $45.00 price objective on the credit services provider’s stock. Citizens Jmp’s price target indicates a potential upside of 29.35% from the company’s current price.

RM has been the topic of several other research reports. Citigroup raised Regional Management to an “outperform” rating in a report on Thursday. Weiss Ratings upgraded shares of Regional Management from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 4th. Finally, Wall Street Zen cut shares of Regional Management from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 7th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $45.00.

Regional Management Trading Up 2.4%

Shares of RM opened at $34.79 on Thursday. Regional Management has a twelve month low of $26.06 and a twelve month high of $46.00. The company has a current ratio of 59.88, a quick ratio of 59.88 and a debt-to-equity ratio of 4.30. The firm has a market capitalization of $320.42 million, a P/E ratio of 7.06 and a beta of 1.04. The firm’s 50-day moving average is $34.82 and its two-hundred day moving average is $36.31.

Regional Management (NYSE:RM) last announced its quarterly earnings results on Wednesday, April 29th. The credit services provider reported $1.18 EPS for the quarter, topping the consensus estimate of $0.98 by $0.20. The business had revenue of $167.29 million for the quarter, compared to analyst estimates of $161.55 million. Regional Management had a return on equity of 13.16% and a net margin of 7.40%.

Insider Buying and Selling at Regional Management

In related news, EVP Brian J. Fisher sold 5,457 shares of the company’s stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $38.09, for a total transaction of $207,857.13. Following the transaction, the executive vice president owned 27,745 shares of the company’s stock, valued at approximately $1,056,807.05. This represents a 16.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Harpreet Rana sold 14,978 shares of the stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $38.09, for a total value of $570,512.02. Following the transaction, the executive vice president directly owned 31,524 shares in the company, valued at approximately $1,200,749.16. This represents a 32.21% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 104,810 shares of company stock worth $4,036,197. Corporate insiders own 10.90% of the company’s stock.

Institutional Trading of Regional Management

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Empowered Funds LLC increased its stake in shares of Regional Management by 9.7% during the 1st quarter. Empowered Funds LLC now owns 60,709 shares of the credit services provider’s stock valued at $1,958,000 after acquiring an additional 5,365 shares during the last quarter. Quantinno Capital Management LP grew its holdings in Regional Management by 93.8% in the first quarter. Quantinno Capital Management LP now owns 23,621 shares of the credit services provider’s stock valued at $762,000 after purchasing an additional 11,432 shares during the period. Lazard Asset Management LLC acquired a new position in Regional Management during the first quarter worth approximately $1,004,000. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Regional Management by 2.5% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 108,439 shares of the credit services provider’s stock valued at $3,497,000 after purchasing an additional 2,618 shares during the last quarter. Finally, Sei Investments Co. grew its stake in shares of Regional Management by 117.9% during the 1st quarter. Sei Investments Co. now owns 157,151 shares of the credit services provider’s stock valued at $5,068,000 after buying an additional 85,040 shares during the period. Hedge funds and other institutional investors own 98.89% of the company’s stock.

About Regional Management

Regional Management Corp., headquartered in Wilmington, North Carolina, is a consumer finance company specializing in installment loan products for underbanked individuals. Since its founding in 1977, the company has developed a network of field-based branches alongside a digital platform to offer credit solutions in rural and small-town markets across the United States.

The company’s core offerings include consumer installment loans for everyday purchases, auto refinancing and lease buyouts, as well as ancillary services such as insurance referrals.