Regional Management Corp. (NYSE:RM) – Equities research analysts at DA Davidson issued their Q2 2017 earnings per share estimates for Regional Management Corp. in a research note issued to investors on Monday. DA Davidson analyst A. Cyganovich anticipates that the credit services provider will earn $0.52 per share for the quarter. DA Davidson currently has a “Neutral” rating and a $27.00 target price on the stock. DA Davidson also issued estimates for Regional Management Corp.’s Q3 2017 earnings at $0.54 EPS, Q4 2017 earnings at $0.71 EPS, FY2017 earnings at $2.43 EPS, Q1 2018 earnings at $0.60 EPS, Q2 2018 earnings at $0.62 EPS, Q3 2018 earnings at $0.68 EPS, Q4 2018 earnings at $0.88 EPS, FY2018 earnings at $2.78 EPS and FY2019 earnings at $3.15 EPS.

A number of other brokerages have also commented on RM. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $25.00 target price on shares of Regional Management Corp. in a research report on Friday, July 14th. Zacks Investment Research lowered Regional Management Corp. from a “hold” rating to a “sell” rating in a research report on Friday, July 14th. TheStreet upgraded Regional Management Corp. from a “c+” rating to a “b-” rating in a research report on Thursday, July 6th. JMP Securities upgraded Regional Management Corp. from a “market perform” rating to an “outperform” rating and set a $28.00 target price on the stock in a research report on Tuesday, June 13th. Finally, ValuEngine upgraded Regional Management Corp. from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 10th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. Regional Management Corp. has an average rating of “Hold” and an average price target of $26.00.

COPYRIGHT VIOLATION NOTICE: “Q2 2017 Earnings Estimate for Regional Management Corp. (NYSE:RM) Issued By DA Davidson” was published by American Banking News and is the sole property of of American Banking News. If you are accessing this piece of content on another publication, it was stolen and reposted in violation of United States and international trademark & copyright laws. The correct version of this piece of content can be read at https://www.americanbankingnews.com/2017/07/20/q2-2017-earnings-estimate-for-regional-management-corp-nyserm-issued-by-da-davidson.html.

Regional Management Corp. (RM) opened at 24.48 on Thursday. The firm’s 50-day moving average is $22.83 and its 200 day moving average is $21.88. The company has a market cap of $284.46 million, a PE ratio of 10.88 and a beta of 1.36. Regional Management Corp. has a 1-year low of $16.78 and a 1-year high of $27.56.

Regional Management Corp. (NYSE:RM) last posted its earnings results on Tuesday, May 2nd. The credit services provider reported $0.65 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.09. The business had revenue of $65.82 million for the quarter, compared to analysts’ expectations of $63.01 million. Regional Management Corp. had a net margin of 10.61% and a return on equity of 13.37%.

A number of hedge funds and other institutional investors have recently made changes to their positions in RM. Renaissance Technologies LLC increased its position in shares of Regional Management Corp. by 165.9% in the fourth quarter. Renaissance Technologies LLC now owns 232,100 shares of the credit services provider’s stock worth $6,100,000 after buying an additional 144,800 shares during the last quarter. AQR Capital Management LLC increased its position in shares of Regional Management Corp. by 226.5% in the first quarter. AQR Capital Management LLC now owns 174,245 shares of the credit services provider’s stock worth $3,385,000 after buying an additional 120,884 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of Regional Management Corp. by 408.9% in the first quarter. Wells Fargo & Company MN now owns 138,860 shares of the credit services provider’s stock worth $2,698,000 after buying an additional 111,573 shares during the last quarter. Wellington Management Group LLP increased its position in shares of Regional Management Corp. by 9.9% in the first quarter. Wellington Management Group LLP now owns 1,146,282 shares of the credit services provider’s stock worth $22,272,000 after buying an additional 103,176 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Regional Management Corp. by 19.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 627,029 shares of the credit services provider’s stock worth $16,478,000 after buying an additional 100,560 shares during the last quarter. 88.37% of the stock is owned by institutional investors.

In other Regional Management Corp. news, Director Michael R. Dunn sold 23,117 shares of the business’s stock in a transaction that occurred on Monday, April 24th. The stock was sold at an average price of $20.28, for a total value of $468,812.76. Following the completion of the transaction, the director now directly owns 153,961 shares of the company’s stock, valued at $3,122,329.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael R. Dunn sold 12,681 shares of the business’s stock in a transaction that occurred on Wednesday, May 3rd. The shares were sold at an average price of $20.88, for a total value of $264,779.28. Following the completion of the transaction, the director now directly owns 105,213 shares of the company’s stock, valued at $2,196,847.44. The disclosure for this sale can be found here. In the last quarter, insiders sold 53,657 shares of company stock worth $1,104,881. 9.50% of the stock is owned by insiders.

About Regional Management Corp.

Regional Management Corp. is a diversified consumer finance company. The Company provides an array of loan products primarily to customers with limited access to consumer credit from banks, thrifts, credit card companies and other traditional lenders. Its products include small loans, large loans, automobile loans, retail loans, and optional payment and collateral protection insurance products.

Earnings History and Estimates for Regional Management Corp. (NYSE:RM)

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 MarketBeat.com's FREE daily email newsletter.