Keefe, Bruyette & Woods reissued their hold rating on shares of Regional Management (NYSE:RM) in a research report sent to investors on Monday. The brokerage currently has a $27.00 price target on the credit services provider’s stock.
RM has been the subject of several other reports. ValuEngine lowered Regional Management from a hold rating to a sell rating in a report on Monday, October 8th. Zacks Investment Research raised Regional Management from a hold rating to a buy rating and set a $31.00 price objective for the company in a report on Wednesday, November 14th. Finally, Stephens set a $34.00 price objective on Regional Management and gave the company a hold rating in a report on Friday, November 9th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of $32.00.
RM stock opened at $25.35 on Monday. The company has a market capitalization of $301.27 million, a PE ratio of 11.22 and a beta of 0.85. The company has a debt-to-equity ratio of 2.26, a current ratio of 44.21 and a quick ratio of 44.21. Regional Management has a 12-month low of $22.90 and a 12-month high of $37.21.
Regional Management (NYSE:RM) last released its earnings results on Thursday, November 8th. The credit services provider reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.02. The company 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 13.74% and a net margin of 12.02%. Analysts anticipate that Regional Management will post 3.05 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently made changes to their positions in RM. First Trust Advisors LP grew its holdings in Regional Management by 19.7% during the second quarter. First Trust Advisors LP now owns 10,784 shares of the credit services provider’s stock valued at $378,000 after purchasing an additional 1,775 shares during the period. Russell Investments Group Ltd. boosted its holdings in shares of Regional Management by 534.8% in the second quarter. Russell Investments Group Ltd. now owns 15,019 shares of the credit services provider’s stock worth $526,000 after acquiring an additional 12,653 shares during the period. Citadel Advisors LLC bought a new position in shares of Regional Management in the second quarter worth $600,000. Renaissance Technologies LLC boosted its holdings in shares of Regional Management by 21.3% in the second quarter. Renaissance Technologies LLC now owns 419,536 shares of the credit services provider’s stock worth $14,692,000 after acquiring an additional 73,536 shares during the period. Finally, Sterling Capital Management LLC bought a new position in shares of Regional Management in the second quarter worth $888,000. 84.99% of the stock is owned by institutional investors and hedge funds.
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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