Shares of Regional Management Corp (NYSE:RM) have received an average rating of “Hold” from the eight brokerages that are covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, three have given a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $33.20.
RM has been the subject of several research reports. ValuEngine raised shares of Regional Management from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. JMP Securities reissued a “buy” rating and issued a $34.00 price target on shares of Regional Management in a research report on Sunday, February 17th. Stephens reissued a “hold” rating and issued a $33.00 price target on shares of Regional Management in a research report on Sunday, January 6th. BTIG Research initiated coverage on shares of Regional Management in a research report on Friday, February 22nd. They issued a “buy” rating and a $36.00 price target for the company. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $27.00 price target on shares of Regional Management in a research report on Monday, January 7th.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. lifted its stake in Regional Management by 50.3% during the 4th quarter. BlackRock Inc. now owns 945,960 shares of the credit services provider’s stock valued at $22,751,000 after acquiring an additional 316,748 shares in the last quarter. Cannell Capital LLC lifted its stake in Regional Management by 152.4% during the 4th quarter. Cannell Capital LLC now owns 393,455 shares of the credit services provider’s stock valued at $9,463,000 after acquiring an additional 237,567 shares in the last quarter. Matarin Capital Management LLC bought a new position in Regional Management during the 3rd quarter valued at $3,081,000. Renaissance Technologies LLC lifted its stake in Regional Management by 18.3% during the 3rd quarter. Renaissance Technologies LLC now owns 496,291 shares of the credit services provider’s stock valued at $14,308,000 after acquiring an additional 76,755 shares in the last quarter. Finally, Martingale Asset Management L P lifted its stake in Regional Management by 650.5% during the 4th quarter. Martingale Asset Management L P now owns 66,819 shares of the credit services provider’s stock valued at $1,607,000 after acquiring an additional 57,916 shares in the last quarter. 87.21% of the stock is owned by institutional investors and hedge funds.
Regional Management (NYSE:RM) last announced its quarterly earnings data on Tuesday, February 12th. The credit services provider reported $0.90 EPS for the quarter, topping the consensus estimate of $0.79 by $0.11. The company had revenue of $83.75 million during the quarter, compared to the consensus estimate of $82.44 million. Regional Management had a net margin of 11.52% and a return on equity of 14.51%. On average, sell-side analysts expect that Regional Management will post 3.55 earnings per share for the current fiscal year.
Regional Management Company Profile
Regional Management Corp., a diversified consumer finance company, provides various installment 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; 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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