Regional Management (NYSE:RM) Cut to Buy at Wall Street Zen

Regional Management (NYSE:RM) was downgraded by equities researchers at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Saturday.

Several other research firms have also weighed in on RM. Zacks Research raised Regional Management from a “strong sell” rating to a “hold” rating in a research note on Monday, January 5th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Regional Management in a report on Monday, December 29th. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $30.00.

Regional Management Price Performance

Shares of RM opened at $35.48 on Friday. The firm’s 50 day moving average is $38.26 and its 200-day moving average is $38.69. Regional Management has a 12-month low of $25.41 and a 12-month high of $46.00. The stock has a market capitalization of $344.51 million, a P/E ratio of 7.97 and a beta of 1.06.

Regional Management (NYSE:RM) last issued its earnings results on Wednesday, February 4th. The credit services provider reported $1.30 earnings per share for the quarter, topping analysts’ consensus estimates of $1.23 by $0.07. The firm had revenue of ($165.49) million during the quarter, compared to analysts’ expectations of $167.90 million. Regional Management had a net margin of 6.88% and a return on equity of 12.19%. As a group, equities research analysts forecast that Regional Management will post 4.7 EPS for the current fiscal year.

Insider Transactions at Regional Management

In other Regional Management news, Director Michael R. Dunn sold 5,580 shares of the firm’s stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $37.46, for a total transaction of $209,026.80. Following the completion of the sale, the director directly owned 103,109 shares in the company, valued at approximately $3,862,463.14. This trade represents a 5.13% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Steven B. Barnette sold 1,640 shares of Regional Management stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $37.00, for a total value of $60,680.00. Following the transaction, the chief accounting officer directly owned 21,338 shares in the company, valued at approximately $789,506. This trade represents a 7.14% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 77,475 shares of company stock valued at $3,006,040 over the last quarter. Company insiders own 10.80% of the company’s stock.

Institutional Trading of Regional Management

A number of hedge funds have recently made changes to their positions in the stock. Legato Capital Management LLC purchased a new position in Regional Management during the fourth quarter valued at approximately $455,000. LSV Asset Management boosted its stake in shares of Regional Management by 7.7% during the 4th quarter. LSV Asset Management now owns 338,832 shares of the credit services provider’s stock valued at $13,130,000 after buying an additional 24,232 shares during the period. State of Alaska Department of Revenue purchased a new position in shares of Regional Management during the 4th quarter valued at $25,000. Allspring Global Investments Holdings LLC grew its holdings in shares of Regional Management by 8.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 10,718 shares of the credit services provider’s stock valued at $421,000 after acquiring an additional 831 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of Regional Management in the fourth quarter worth $112,000. 98.89% of the stock is owned by hedge funds and other institutional investors.

About Regional Management

Regional Management Corp., headquartered in Wilmington, North Carolina, is a consumer finance company specializing in installment loan products for underbanked individuals. Since its founding in 1977, the company has developed a network of field-based branches alongside a digital platform to offer credit solutions in rural and small-town markets across the United States.

The company’s core offerings include consumer installment loans for everyday purchases, auto refinancing and lease buyouts, as well as ancillary services such as insurance referrals.