Regional Management (RM) Stock Rating Reaffirmed by BMO Capital Markets

BMO Capital Markets reissued their hold rating on shares of Regional Management (NYSE:RM) in a research report sent to investors on Monday morning. BMO Capital Markets currently has a $32.00 price objective on the credit services provider’s stock.

Other analysts have also issued research reports about the stock. ValuEngine upgraded shares of Regional Management from a buy rating to a strong-buy rating in a research report on Friday, December 1st. Zacks Investment Research upgraded shares of Regional Management from a sell rating to a hold rating in a research report on Saturday, December 30th. Finally, Keefe, Bruyette & Woods reiterated a hold rating and issued a $27.00 target price on shares of Regional Management in a research report on Friday, December 22nd. One analyst has rated the stock with a sell rating, five have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of $27.80.

Shares of Regional Management (NYSE:RM) traded down $0.28 during midday trading on Monday, hitting $26.99. 40,012 shares of the stock traded hands, compared to its average volume of 65,933. Regional Management has a 1-year low of $18.31 and a 1-year high of $28.00. The firm has a market capitalization of $318.16, a price-to-earnings ratio of 12.44 and a beta of 1.37. The company has a current ratio of 39.39, a quick ratio of 39.39 and a debt-to-equity ratio of 2.34.

In other Regional Management news, major shareholder Basswood Capital Management, L purchased 7,881 shares of the stock in a transaction that occurred on Saturday, December 29th. The shares were purchased at an average cost of $26.40 per share, for a total transaction of $208,058.40. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 9.50% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. AJO LP acquired a new position in Regional Management during the second quarter worth about $3,215,000. Parametric Portfolio Associates LLC boosted its position in Regional Management by 71.1% during the second quarter. Parametric Portfolio Associates LLC now owns 81,069 shares of the credit services provider’s stock worth $1,916,000 after acquiring an additional 33,694 shares during the last quarter. Vanguard Group Inc. boosted its position in Regional Management by 7.1% during the second quarter. Vanguard Group Inc. now owns 695,053 shares of the credit services provider’s stock worth $16,424,000 after acquiring an additional 46,288 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Regional Management by 12.5% during the second quarter. Dimensional Fund Advisors LP now owns 796,386 shares of the credit services provider’s stock worth $18,819,000 after acquiring an additional 88,569 shares during the last quarter. Finally, American Century Companies Inc. boosted its position in Regional Management by 8.0% during the third quarter. American Century Companies Inc. now owns 180,253 shares of the credit services provider’s stock worth $4,364,000 after acquiring an additional 13,351 shares during the last quarter. Hedge funds and other institutional investors own 86.40% of the company’s stock.

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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.

Analyst Recommendations for Regional Management (NYSE:RM)

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