Regional Management (RM) Rating Increased to Strong-Buy at ValuEngine

Regional Management (NYSE:RM) was upgraded by investment analysts at ValuEngine from a “buy” rating to a “strong-buy” rating in a research note issued on Thursday.

RM has been the subject of a number of other research reports. BMO Capital Markets reiterated a “hold” rating and issued a $25.00 price target on shares of Regional Management in a research note on Sunday, November 12th. Zacks Investment Research upgraded shares of Regional Management from a “hold” rating to a “buy” rating and set a $31.00 price target for the company in a research note on Wednesday, January 10th. Jefferies Group reiterated a “buy” rating and issued a $33.00 price target on shares of Regional Management in a research note on Thursday, January 11th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $27.00 price target on shares of Regional Management in a research note on Friday, December 22nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $29.00.

Shares of Regional Management (NYSE:RM) traded down $0.72 during mid-day trading on Thursday, reaching $27.53. 70,905 shares of the company’s stock were exchanged, compared to its average volume of 72,730. The firm has a market capitalization of $326.67, a PE ratio of 12.69 and a beta of 1.42. The company has a current ratio of 39.39, a quick ratio of 39.39 and a debt-to-equity ratio of 2.34. Regional Management has a 12-month low of $18.31 and a 12-month high of $29.15.

Regional Management (NYSE:RM) last announced its quarterly earnings results on Wednesday, November 8th. The credit services provider reported $0.58 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.02). The firm had revenue of $69.19 million during the quarter, compared to analyst estimates of $68.81 million. Regional Management had a net margin of 9.66% and a return on equity of 12.62%. research analysts expect that Regional Management will post 2.33 EPS for the current fiscal year.

In related news, major shareholder Basswood Capital Management, L acquired 7,881 shares of the company’s stock in a transaction dated Saturday, December 29th. The shares were bought at an average cost of $26.40 per share, with a total value of $208,058.40. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 9.50% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. Teachers Advisors LLC raised its position in shares of Regional Management by 0.9% in the second quarter. Teachers Advisors LLC now owns 17,045 shares of the credit services provider’s stock valued at $403,000 after purchasing an additional 152 shares during the period. Signia Capital Management LLC raised its position in shares of Regional Management by 0.3% in the second quarter. Signia Capital Management LLC now owns 81,724 shares of the credit services provider’s stock valued at $1,931,000 after purchasing an additional 240 shares during the period. American International Group Inc. raised its position in shares of Regional Management by 7.1% in the first quarter. American International Group Inc. now owns 6,512 shares of the credit services provider’s stock valued at $127,000 after purchasing an additional 430 shares during the period. Massachusetts Financial Services Co. MA raised its position in shares of Regional Management by 1.2% in the first quarter. Massachusetts Financial Services Co. MA now owns 42,866 shares of the credit services provider’s stock valued at $833,000 after purchasing an additional 509 shares during the period. Finally, The Manufacturers Life Insurance Company raised its position in shares of Regional Management by 6.4% in the second quarter. The Manufacturers Life Insurance Company now owns 9,194 shares of the credit services provider’s stock valued at $218,000 after purchasing an additional 554 shares during the period. 87.21% of the stock is currently owned by institutional investors.

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Regional Management Company Profile

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 (NYSE:RM)

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