Insider Buying: Donald E. Thomas Purchases 1,000 Shares of Regional Management Corp Stock (RM)
Regional Management Corp (NYSE:RM) CFO Donald E. Thomas purchased 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 5th. The stock was purchased at an average cost of $15.90 per share, for a total transaction of $15,900.00. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Regional Management Corp (NYSE:RM) traded up 1.16% on Thursday, hitting $16.60. 10,034 shares of the company’s stock traded hands. Regional Management Corp has a one year low of $13.93 and a one year high of $36.23. The stock’s 50-day moving average is $15.56 and its 200-day moving average is $21.59. The company has a market cap of $210.8 million and a price-to-earnings ratio of 8.33.
Regional Management Corp (NYSE:RM) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.34 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.36 by $0.02. During the same quarter in the prior year, the company posted $0.52 earnings per share. On average, analysts predict that Regional Management Corp will post $1.82 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at JPMorgan Chase & Co. reiterated an “outperform” rating on shares of Regional Management Corp in a research note on Thursday, July 31st. They now have a $20.00 price target on the stock, down previously from $24.00. Separately, analysts at Keefe, Bruyette & Woods cut their price target on shares of Regional Management Corp from $27.00 to $23.00 in a research note on Thursday, July 31st. Finally, analysts at BMO Capital Markets cut their price target on shares of Regional Management Corp from $22.00 to $19.00 in a research note on Thursday, July 31st. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $21.70.
Regional Management Corp. (NYSE:RM) is a diversified specialty consumer finance company providing a range of loan products primarily to customers with limited access to consumer credit from banks, thrifts, credit card companies and other traditional lenders.
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