Regional Management (NYSE:RM) PT Set at $34.00 by Stephens

Stephens set a $34.00 target price on Regional Management (NYSE:RM) in a report published on Friday, November 9th. The firm currently has a hold rating on the credit services provider’s stock.

Several other analysts also recently commented on the company. Zacks Investment Research downgraded Regional Management from a buy rating to a hold rating in a research note on Saturday, September 8th. ValuEngine cut shares of Regional Management from a hold rating to a sell rating in a research report on Monday, October 8th. TheStreet cut shares of Regional Management from a b rating to a c+ rating in a research report on Monday, July 16th. Finally, BMO Capital Markets raised their price target on shares of Regional Management from $32.00 to $36.00 and gave the company a market perform rating in a research report on Thursday, August 2nd. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of $32.20.

Regional Management stock traded up $0.20 during trading hours on Friday, reaching $27.36. 52,100 shares of the company’s stock were exchanged, compared to its average volume of 60,000. The company has a current ratio of 44.21, a quick ratio of 44.21 and a debt-to-equity ratio of 2.26. The company has a market cap of $320.25 million, a P/E ratio of 12.09 and a beta of 0.78. Regional Management has a twelve month low of $23.34 and a twelve month high of $37.21.

Regional Management (NYSE:RM) last issued its earnings results on Thursday, November 8th. The credit services provider reported $0.85 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.83 by $0.02. The company had revenue of $77.92 million during the quarter, compared to the consensus estimate of $78.72 million. Regional Management had a return on equity of 13.74% and a net margin of 12.02%. Equities research analysts forecast that Regional Management will post 3.05 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in RM. California Public Employees Retirement System lifted its position in Regional Management by 13.3% in the 1st quarter. California Public Employees Retirement System now owns 39,306 shares of the credit services provider’s stock valued at $1,252,000 after acquiring an additional 4,606 shares in the last quarter. Acadian Asset Management LLC lifted its position in shares of Regional Management by 119.0% during the 2nd quarter. Acadian Asset Management LLC now owns 46,996 shares of the credit services provider’s stock worth $1,646,000 after buying an additional 25,541 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Regional Management by 15.9% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 59,547 shares of the credit services provider’s stock worth $2,085,000 after buying an additional 8,154 shares in the last quarter. First Trust Advisors LP lifted its position in shares of Regional Management by 19.7% during the 2nd quarter. First Trust Advisors LP now owns 10,784 shares of the credit services provider’s stock worth $378,000 after buying an additional 1,775 shares in the last quarter. Finally, Mackay Shields LLC bought a new position in shares of Regional Management during the 2nd quarter worth approximately $284,000. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Regional Management Company Profile

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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