Regional Management (NYSE:RM) Raised to Hold at Zacks Research

Regional Management (NYSE:RM) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Monday,Zacks.com reports.

A number of other research analysts also recently commented on the stock. Wall Street Zen raised shares of Regional Management from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Weiss Ratings reissued a “hold (c+)” rating on shares of Regional Management in a research report on Monday, December 29th. Three analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $30.00.

Regional Management Trading Down 3.0%

Shares of RM opened at $38.65 on Monday. The firm has a market capitalization of $375.24 million, a price-to-earnings ratio of 9.38 and a beta of 1.07. The firm’s fifty day simple moving average is $38.50 and its 200-day simple moving average is $37.82. Regional Management has a twelve month low of $25.41 and a twelve month high of $46.00.

Regional Management (NYSE:RM) last posted its quarterly earnings results on Wednesday, November 5th. The credit services provider reported $1.42 earnings per share for the quarter, beating analysts’ consensus estimates of $1.39 by $0.03. The company had revenue of $165.49 million for the quarter, compared to analysts’ expectations of $162.84 million. Regional Management had a return on equity of 11.43% and a net margin of 6.57%. On average, analysts predict that Regional Management will post 4.7 earnings per share for the current fiscal year.

Insider Buying and Selling at Regional Management

In other news, CAO Steven B. Barnette sold 1,640 shares of Regional Management stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $37.00, for a total transaction of $60,680.00. Following the completion of the sale, the chief accounting officer directly owned 21,338 shares in the company, valued at approximately $789,506. This trade represents a 7.14% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael R. Dunn sold 5,580 shares of Regional Management stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $37.46, for a total transaction of $209,026.80. Following the sale, the director owned 103,109 shares of the company’s stock, valued at approximately $3,862,463.14. This trade represents a 5.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 36,011 shares of company stock valued at $1,393,815. 10.50% of the stock is owned by company insiders.

Institutional Trading of Regional Management

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Ameritas Investment Partners Inc. boosted its holdings in shares of Regional Management by 41.1% during the second quarter. Ameritas Investment Partners Inc. now owns 947 shares of the credit services provider’s stock worth $28,000 after purchasing an additional 276 shares during the last quarter. Wexford Capital LP purchased a new stake in Regional Management in the third quarter valued at approximately $32,000. Advisory Services Network LLC acquired a new position in shares of Regional Management in the 3rd quarter valued at about $39,000. CWM LLC lifted its holdings in shares of Regional Management by 43.7% during the 3rd quarter. CWM LLC now owns 1,065 shares of the credit services provider’s stock valued at $41,000 after acquiring an additional 324 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its position in Regional Management by 45.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,077 shares of the credit services provider’s stock worth $81,000 after purchasing an additional 648 shares during the period. 98.89% of the stock is owned by hedge funds and other institutional investors.

Regional Management Company Profile

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.