Regional Management (RM) Issues Quarterly Earnings Results

Regional Management (NYSE:RM) announced its quarterly earnings results on Thursday. The credit services provider reported $0.85 earnings per share (EPS) for the quarter, beating the 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 during the quarter, compared to the consensus estimate of $78.72 million.

Shares of RM traded down $1.02 during midday trading on Friday, reaching $28.08. 46,673 shares of the stock were exchanged, compared to its average volume of 57,379. Regional Management has a twelve month low of $21.50 and a twelve month high of $37.21. The company has a debt-to-equity ratio of 2.28, a quick ratio of 47.26 and a current ratio of 47.26. The company has a market capitalization of $346.17 million, a P/E ratio of 11.21 and a beta of 0.81.

RM has been the subject of several research reports. TheStreet downgraded Regional Management from a “b” rating to a “c+” rating in a report on Monday, July 16th. ValuEngine downgraded Regional Management from a “buy” rating to a “hold” rating in a report on Wednesday, July 25th. Stephens reaffirmed a “hold” rating and set a $37.00 price target on shares of Regional Management in a report on Wednesday, August 1st. BMO Capital Markets raised their price target on Regional Management from $32.00 to $36.00 and gave the company a “market perform” rating in a report on Thursday, August 2nd. Finally, Zacks Investment Research downgraded Regional Management from a “buy” rating to a “hold” rating in a report on Saturday, September 8th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $34.00.

Several institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. lifted its holdings in shares of Regional Management by 3.3% during the third quarter. BlackRock Inc. now owns 629,212 shares of the credit services provider’s stock worth $18,142,000 after buying an additional 20,005 shares in the last quarter. Martingale Asset Management L P acquired a new stake in shares of Regional Management during the third quarter worth $257,000. Seizert Capital Partners LLC acquired a new stake in shares of Regional Management during the third quarter worth $700,000. Wedge Capital Management L L P NC lifted its holdings in shares of Regional Management by 10.1% during the third 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 buying an additional 5,444 shares in the last quarter. Finally, First Trust Advisors LP lifted its holdings in shares of Regional Management by 34.5% during the third quarter. First Trust Advisors LP now owns 14,505 shares of the credit services provider’s stock worth $418,000 after buying an additional 3,721 shares in the last quarter. 85.99% of the stock is owned by institutional investors.

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About Regional Management

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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Earnings History for Regional Management (NYSE:RM)

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