Regional Management Corp Receives Consensus Recommendation of “Buy” from Analysts (NYSE:RM)
Regional Management Corp (NYSE:RM) has been given an average recommendation of “Buy” by the seven brokerages that are presently covering the company, Analyst Ratings News reports. One investment analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $22.67.
In other Regional Management Corp news, major shareholder Second Curve Capital Llc unloaded 5,000 shares of Regional Management Corp stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $16.59, for a total value of $82,950.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Shares of Regional Management Corp (NYSE:RM) opened at 16.89 on Wednesday. Regional Management Corp has a 1-year low of $13.93 and a 1-year high of $36.23. The stock has a 50-day moving average of $15.82 and a 200-day moving average of $20.88. The company has a market cap of $214.7 million and a P/E ratio of 8.62.
Regional Management Corp (NYSE:RM) last issued its earnings data on Wednesday, July 30th. The company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by $0.02. During the same quarter in the previous year, the company posted $0.52 earnings per share. Analysts expect that Regional Management Corp will post $1.88 EPS for the current fiscal year.
RM has been the subject of a number of recent research reports. 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.
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.
Receive News & Ratings for Regional Management Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Regional Management Corp and related companies with Analyst Ratings Network's FREE daily email newsletter.