Brokerages Set Regional Management Corp (NYSE:RM) Price Target at $32.50

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.

A number of institutional investors and hedge funds have recently made changes to their positions in RM. Municipal Employees Retirement System of Michigan purchased a new position in shares of Regional Management during the second quarter valued at approximately $522,000. Bowling Portfolio Management LLC raised its holdings in shares of Regional Management by 13.0% during the second quarter. Bowling Portfolio Management LLC now owns 59,326 shares of the credit services provider’s stock valued at $1,564,000 after purchasing an additional 6,816 shares during the last quarter. Signia Capital Management LLC raised its holdings in shares of Regional Management by 84.5% during the first quarter. Signia Capital Management LLC now owns 75,646 shares of the credit services provider’s stock valued at $1,847,000 after purchasing an additional 34,644 shares during the last quarter. Argent Capital Management LLC raised its holdings in shares of Regional Management by 19.3% during the first quarter. Argent Capital Management LLC now owns 65,412 shares of the credit services provider’s stock valued at $1,597,000 after purchasing an additional 10,602 shares during the last quarter. Finally, AJO LP raised its holdings in shares of Regional Management by 3.9% during the first quarter. AJO LP now owns 166,924 shares of the credit services provider’s stock valued at $4,076,000 after purchasing an additional 6,338 shares during the last quarter. Institutional investors and hedge funds own 86.97% 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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Analyst Recommendations for Regional Management (NYSE:RM)

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