Regional Management Corp (NYSE:RM) Given Consensus Recommendation of “Hold” by Analysts

Shares of Regional Management Corp (NYSE:RM) have been given a consensus recommendation of “Hold” by the nine brokerages that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $32.50.

A number of analysts have commented on RM shares. ValuEngine upgraded shares of Zuora from a “hold” rating to a “buy” rating in a research note on Saturday, July 6th. Zacks Investment Research cut shares of ExlService from a “hold” rating to a “sell” rating in a research note on Wednesday. Finally, Janney Montgomery Scott cut shares of Avid Bioservices from a “buy” rating to a “neutral” rating and cut their price target for the company from $10.00 to $5.00 in a research note on Thursday, May 9th.

In related news, insider Basswood Capital Management, L purchased 68,977 shares of Regional Management stock in a transaction dated Tuesday, May 28th. The shares were bought at an average cost of $24.03 per share, for a total transaction of $1,657,517.31. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, Director Basswood Partners, L.L.C. purchased 62,155 shares of Regional Management stock in a transaction dated Tuesday, May 28th. The stock was bought at an average price of $24.03 per share, for a total transaction of $1,493,584.65. The disclosure for this purchase can be found here. 9.50% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. boosted its position in Regional Management by 50.3% during the 4th quarter. BlackRock Inc. now owns 945,960 shares of the credit services provider’s stock worth $22,751,000 after buying an additional 316,748 shares during the period. Cannell Capital LLC boosted its position 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 worth $9,463,000 after buying an additional 237,567 shares during the period. Tieton Capital Management LLC boosted its position in Regional Management by 19.8% during the 1st quarter. Tieton Capital Management LLC now owns 231,026 shares of the credit services provider’s stock worth $5,642,000 after buying an additional 38,216 shares during the period. AJO LP boosted its position in Regional Management by 3.9% during the 1st quarter. AJO LP now owns 166,924 shares of the credit services provider’s stock worth $4,076,000 after buying an additional 6,338 shares during the period. Finally, Geode Capital Management LLC boosted its position in Regional Management by 21.8% during the 4th quarter. Geode Capital Management LLC now owns 106,850 shares of the credit services provider’s stock worth $2,568,000 after buying an additional 19,106 shares during the period. Institutional investors own 87.05% of the company’s stock.

NYSE:RM traded up $0.35 during trading hours on Friday, hitting $26.92. The stock had a trading volume of 47,998 shares, compared to its average volume of 41,653. Regional Management has a one year low of $22.90 and a one year high of $36.18. The company has a debt-to-equity ratio of 2.25, a quick ratio of 51.35 and a current ratio of 51.35. The stock has a market cap of $320.14 million, a P/E ratio of 8.47 and a beta of 0.92. The firm has a 50 day moving average price of $25.25.

Regional Management (NYSE:RM) last issued its quarterly earnings data on Wednesday, May 8th. The credit services provider reported $0.67 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.79 by ($0.12). Regional Management had a return on equity of 13.80% and a net margin of 11.02%. The company had revenue of $81.75 million for the quarter, compared to the consensus estimate of $85.00 million. As a group, sell-side analysts expect that Regional Management will post 3.39 EPS 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.

See Also: Cash Flow

Analyst Recommendations for Regional Management (NYSE:RM)

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