Regional Management (NYSE:RM) announced its earnings results on Thursday. The credit services provider reported $0.85 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.83 by $0.02, Morningstar.com reports. Regional Management had a return on equity of 12.87% and a net margin of 11.64%. The business had revenue of $77.92 million for the quarter, compared to analyst estimates of $78.72 million.
Shares of NYSE:RM traded down $1.02 during trading on Friday, hitting $28.08. 46,673 shares of the company were exchanged, compared to its average volume of 61,030. The firm has a market capitalization of $344.40 million, a price-to-earnings ratio of 12.42 and a beta of 0.81. Regional Management has a fifty-two week low of $21.50 and a fifty-two week high of $37.21. The company has a quick ratio of 47.26, a current ratio of 47.26 and a debt-to-equity ratio of 2.28.
Several large investors have recently bought and sold shares of the business. First Trust Advisors LP increased its holdings in shares of Regional Management by 19.7% during the 2nd quarter. First Trust Advisors LP now owns 10,784 shares of the credit services provider’s stock worth $378,000 after acquiring an additional 1,775 shares during the last quarter. California Public Employees Retirement System increased its holdings in shares of Regional Management by 13.3% during the 1st quarter. California Public Employees Retirement System now owns 39,306 shares of the credit services provider’s stock worth $1,252,000 after acquiring an additional 4,606 shares during the last quarter. Wedge Capital Management L L P NC increased its holdings in shares of Regional Management by 10.1% during the 3rd quarter. Wedge Capital Management L L P NC now owns 59,420 shares of the credit services provider’s stock worth $1,713,000 after acquiring an additional 5,444 shares during the last quarter. Mackay Shields LLC acquired a new position in shares of Regional Management during the 2nd quarter worth approximately $284,000. Finally, Massachusetts Financial Services Co. MA increased its holdings in shares of Regional Management by 15.9% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 59,547 shares of the credit services provider’s stock worth $2,085,000 after acquiring an additional 8,154 shares during the last quarter. 85.99% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts recently issued reports on the company. ValuEngine lowered Regional Management from a “hold” rating to a “sell” rating in a research report on Monday, October 8th. Stephens reaffirmed a “hold” rating and set a $37.00 price target on shares of Regional Management in a research report on Wednesday, August 1st. BMO Capital Markets boosted their price target on Regional Management from $32.00 to $36.00 and gave the stock a “market perform” rating in a research report on Thursday, August 2nd. Zacks Investment Research lowered Regional Management from a “buy” rating to a “hold” rating in a research report on Saturday, September 8th. Finally, TheStreet lowered Regional Management from a “b” rating to a “c+” rating in a research report on Monday, July 16th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Regional Management presently has a consensus rating of “Hold” and an average target price of $34.00.
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Regional Management Company Profile
Regional Management Corp., a diversified consumer finance company, provides various loan products primarily to customers with limited access to consumer credit from banks, thrifts, credit card companies, and other traditional lenders. The company offers small and large installment loans; automobile purchase loans; loans to finance the purchase of furniture, appliances, and other retail products; insurance products, including credit life, credit accident and health, credit property, vehicle single interest, and credit involuntary unemployment insurance; collateral protection insurance; and property insurance, as well as reinsurance products.
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