Regional Management Corp Given Consensus Rating of “Buy” by Brokerages (NYSE:RM)
Shares of Regional Management Corp (NYSE:RM) have earned an average recommendation of “Buy” from the seven analysts that are covering the stock, AnalystRatingsNetwork.com reports. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $22.67.
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.
Shares of Regional Management Corp (NYSE:RM) opened at 16.13 on Wednesday. Regional Management Corp has a 1-year low of $13.93 and a 1-year high of $36.23. The stock’s 50-day moving average is $15.6 and its 200-day moving average is $21.06. The company has a market cap of $205.1 million and a price-to-earnings ratio of 8.19.
Regional Management Corp (NYSE:RM) last posted its quarterly earnings results 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. Analysts expect that Regional Management Corp will post $1.82 EPS for the current fiscal year.
In other Regional Management Corp news, major shareholder Second Curve Capital Llc unloaded 5,000 shares of the company’s stock on the open market in a transaction dated Thursday, August 7th. The stock was sold at an average price of $16.59, for a total transaction of $82,950.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.
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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