Regional Management Corp. (NYSE:RM) was downgraded by equities research analysts at ValuEngine from a “strong-buy” rating to a “buy” rating in a report issued on Thursday.

Other analysts have also recently issued research reports about the stock. TheStreet raised shares of Regional Management Corp. from a “c+” rating to a “b-” rating in a report on Thursday, July 6th. Zacks Investment Research raised shares of Regional Management Corp. from a “sell” rating to a “hold” rating in a report on Friday, May 5th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $25.00 price objective on shares of Regional Management Corp. in a report on Friday, July 14th. BMO Capital Markets raised their price objective on shares of Regional Management Corp. from $24.00 to $25.00 and gave the stock a “market perform” rating in a report on Wednesday, August 2nd. Finally, DA Davidson reissued a “neutral” rating and set a $27.00 price objective on shares of Regional Management Corp. in a report on Tuesday, July 18th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $25.83.

Shares of Regional Management Corp. (NYSE RM) traded down 2.21% on Thursday, reaching $22.16. 21,867 shares of the company’s stock were exchanged. The firm has a market capitalization of $258.21 million, a P/E ratio of 9.73 and a beta of 1.36. The firm has a 50 day moving average of $23.77 and a 200 day moving average of $21.72. Regional Management Corp. has a one year low of $18.31 and a one year high of $27.56.

Regional Management Corp. (NYSE:RM) last issued its quarterly earnings results on Tuesday, August 1st. The credit services provider reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.06. Regional Management Corp. had a net margin of 10.37% and a return on equity of 12.98%. The company had revenue of $65.34 million during the quarter, compared to the consensus estimate of $65 million. During the same quarter in the previous year, the firm earned $0.49 earnings per share. The firm’s quarterly revenue was up 14.0% on a year-over-year basis. On average, equities research analysts predict that Regional Management Corp. will post $2.02 EPS for the current year.

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Several institutional investors have recently made changes to their positions in RM. State Street Corp boosted its position in shares of Regional Management Corp. by 11.9% in the fourth quarter. State Street Corp now owns 157,015 shares of the credit services provider’s stock worth $4,130,000 after buying an additional 16,655 shares during the last quarter. Wells Fargo & Company MN boosted 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. Bowling Portfolio Management LLC boosted its position in shares of Regional Management Corp. by 12.9% in the first quarter. Bowling Portfolio Management LLC now owns 28,294 shares of the credit services provider’s stock worth $550,000 after buying an additional 3,237 shares during the last quarter. Wedge Capital Management L L P NC boosted its position in shares of Regional Management Corp. by 26.7% in the first quarter. Wedge Capital Management L L P NC now owns 62,100 shares of the credit services provider’s stock worth $1,207,000 after buying an additional 13,100 shares during the last quarter. Finally, LSV Asset Management boosted its position in shares of Regional Management Corp. by 10.5% in the first quarter. LSV Asset Management now owns 658,699 shares of the credit services provider’s stock valued at $12,798,000 after buying an additional 62,500 shares in the last quarter. 87.22% of the stock is currently owned by institutional investors and hedge funds.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Regional Management Corp. (NYSE:RM)

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