ValuEngine upgraded shares of Regional Management (NYSE:RM) from a sell rating to a hold rating in a report published on Monday, February 4th.
A number of other analysts also recently weighed in on RM. Zacks Investment Research raised shares of Regional Management from a sell rating to a hold rating in a report on Wednesday, November 7th. Stephens set a $34.00 price objective on shares of Regional Management and gave the company a hold rating in a research note on Friday, November 9th. Finally, Keefe, Bruyette & Woods reissued a hold rating and issued a $27.00 price objective on shares of Regional Management in a research note on Monday, January 7th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of $32.83.
RM traded up $0.30 during trading on Monday, hitting $27.49. The company had a trading volume of 18,752 shares, compared to its average volume of 26,591. The company has a current ratio of 44.21, a quick ratio of 44.21 and a debt-to-equity ratio of 2.26. Regional Management has a one year low of $22.90 and a one year high of $37.21. The stock has a market capitalization of $327.20 million, a P/E ratio of 8.67 and a beta of 0.95.
Regional Management (NYSE:RM) last released its quarterly earnings data on Tuesday, February 12th. The credit services provider reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.11. Regional Management had a net margin of 11.52% and a return on equity of 14.80%. The company had revenue of $83.75 million for the quarter, compared to analyst estimates of $82.44 million. On average, equities research analysts predict that Regional Management will post 3.55 EPS for the current fiscal year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its stake in shares of Regional Management by 3.3% in the third quarter. BlackRock Inc. now owns 629,212 shares of the credit services provider’s stock worth $18,142,000 after purchasing an additional 20,005 shares in the last quarter. Bowling Portfolio Management LLC grew its stake in Regional Management by 7.2% during the fourth quarter. Bowling Portfolio Management LLC now owns 52,641 shares of the credit services provider’s stock valued at $1,266,000 after acquiring an additional 3,533 shares in the last quarter. MetLife Investment Advisors LLC grew its stake in Regional Management by 54.7% during the third quarter. MetLife Investment Advisors LLC now owns 8,503 shares of the credit services provider’s stock valued at $245,000 after acquiring an additional 3,007 shares in the last quarter. Matarin Capital Management LLC purchased a new position in Regional Management during the third quarter valued at approximately $3,081,000. Finally, Renaissance Technologies LLC grew its stake in Regional Management by 18.3% during the third 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. 86.73% of the stock is currently owned by institutional investors.
About Regional Management
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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To view ValuEngine’s full report, visit ValuEngine’s official website.
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