Shares of Regional Management Corp (NYSE:RM) have earned a consensus recommendation of “Hold” from the seven brokerages that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $31.80.
A number of equities research analysts have recently issued reports on the company. Zacks Investment Research upgraded Regional Management from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a report on Wednesday, July 10th. Janney Montgomery Scott upgraded Regional Management from a “neutral” rating to a “buy” rating in a report on Thursday, May 9th. Finally, ValuEngine upgraded Regional Management from a “strong sell” rating to a “sell” rating in a report on Thursday.
In related news, insider Basswood Capital Management, L purchased 68,977 shares of the business’s stock in a transaction that occurred on Tuesday, May 28th. The stock was acquired at an average cost of $24.03 per share, for a total transaction of $1,657,517.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Basswood Partners, L.L.C. purchased 62,155 shares of the business’s stock in a transaction that occurred on Tuesday, May 28th. The stock was bought at an average price of $24.03 per share, with a total value of $1,493,584.65. The disclosure for this purchase can be found here. Insiders own 9.50% of the company’s stock.
Regional Management stock traded up $0.27 during midday trading on Tuesday, reaching $26.60. 45,544 shares of the company’s stock were exchanged, compared to its average volume of 54,781. Regional Management has a 52 week low of $22.90 and a 52 week high of $35.37. The company has a current ratio of 48.69, a quick ratio of 51.35 and a debt-to-equity ratio of 2.44. The company has a market cap of $302.31 million, a price-to-earnings ratio of 8.44 and a beta of 0.93. The firm has a 50-day moving average price of $25.72.
Regional Management (NYSE:RM) last posted its quarterly earnings results on Wednesday, July 31st. The credit services provider reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.05. Regional Management had a return on equity of 13.37% and a net margin of 10.59%. The business had revenue of $84.27 million during the quarter, compared to analysts’ expectations of $80.50 million. On average, sell-side analysts expect that Regional Management will post 3.39 earnings per share for the current 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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