Regional Management (RM) Announces Quarterly Earnings Results

Regional Management (NYSE:RM) released its earnings results on Tuesday. The credit services provider reported $0.62 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.02, Yahoo Finance reports. Regional Management had a return on equity of 12.62% and a net margin of 9.66%. The company had revenue of $72.11 million for the quarter, compared to analysts’ expectations of $71.86 million.

Shares of Regional Management (RM) traded up $5.18 during trading on Wednesday, hitting $32.78. The stock had a trading volume of 165,222 shares, compared to its average volume of 72,803. The firm has a market cap of $308.24, a price-to-earnings ratio of 14.64 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 fifty-two week low of $18.31 and a fifty-two week high of $32.80.

Several research firms have weighed in on RM. Zacks Investment Research raised Regional Management from a “hold” rating to a “buy” rating and set a $31.00 target price on the stock in a research note on Wednesday, January 10th. Jefferies Group reiterated a “buy” rating and set a $33.00 price target on shares of Regional Management in a report on Thursday, January 11th. ValuEngine upgraded Regional Management from a “buy” rating to a “strong-buy” rating in a report on Friday, December 1st. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $27.00 price target on shares of Regional Management in a report on Friday, December 22nd. Finally, BMO Capital Markets reiterated a “hold” rating and set a $25.00 price target on shares of Regional Management in a report on Sunday, November 12th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $29.00.

In other news, major shareholder Basswood Capital Management, L purchased 7,881 shares of Regional Management stock in a transaction dated Friday, December 29th. The stock was acquired at an average cost of $26.40 per share, for a total transaction of $208,058.40. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 9.50% of the stock is owned by insiders.

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About Regional Management

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 for Regional Management (NYSE:RM)

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