Analysts Set Regional Management Corp (RM) PT at $33.20

Shares of Regional Management Corp (NYSE:RM) have been assigned a consensus recommendation of “Hold” from the nine ratings firms that are covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $33.20.

Several research firms recently commented on RM. Zacks Investment Research lowered shares of Regional Management from a “hold” rating to a “sell” rating in a report on Saturday, February 16th. ValuEngine cut shares of Regional Management from a “hold” rating to a “sell” rating in a research report on Friday, March 1st. BTIG Research began coverage on shares of Regional Management in a research report on Friday, February 22nd. They set a “buy” rating and a $36.00 price target for the company. JMP Securities reissued a “buy” rating and set a $34.00 price target on shares of Regional Management in a research report on Sunday, February 17th. Finally, Janney Montgomery Scott raised shares of Regional Management from a “neutral” rating to a “buy” rating in a research report on Thursday, May 9th.

Shares of RM stock traded up $0.43 on Thursday, hitting $24.50. 27,272 shares of the company’s stock traded hands, compared to its average volume of 37,859. The company has a debt-to-equity ratio of 2.25, a quick ratio of 51.35 and a current ratio of 51.35. Regional Management has a one year low of $22.90 and a one year high of $37.21. The firm has a market cap of $287.59 million, a P/E ratio of 7.73 and a beta of 0.97.

Regional Management (NYSE:RM) last released its earnings results on Wednesday, May 8th. The credit services provider reported $0.67 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.79 by ($0.12). Regional Management had a net margin of 11.02% and a return on equity of 13.80%. The business had revenue of $81.75 million for the quarter, compared to the consensus estimate of $85.00 million. As a group, analysts forecast that Regional Management will post 3.35 EPS for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. boosted its position in Regional Management by 50.3% during the 4th quarter. BlackRock Inc. now owns 945,960 shares of the credit services provider’s stock valued at $22,751,000 after buying an additional 316,748 shares during the period. Vanguard Group Inc boosted its position in Regional Management by 0.3% during the 3rd quarter. Vanguard Group Inc now owns 554,592 shares of the credit services provider’s stock valued at $15,989,000 after buying an additional 1,890 shares during the period. Vanguard Group Inc. boosted its position in Regional Management by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 554,592 shares of the credit services provider’s stock valued at $15,989,000 after buying an additional 1,890 shares during the period. Renaissance Technologies LLC boosted its position in Regional Management by 2.2% during the 1st quarter. Renaissance Technologies LLC now owns 454,937 shares of the credit services provider’s stock valued at $11,110,000 after buying an additional 9,937 shares during the period. Finally, Cannell Capital LLC boosted its position in Regional Management by 152.4% during the 4th quarter. Cannell Capital LLC now owns 393,455 shares of the credit services provider’s stock valued at $9,463,000 after buying an additional 237,567 shares during the period. 87.21% of the stock is owned by institutional investors and hedge funds.

Regional Management Company Profile

Regional Management Corp., a diversified consumer finance company, provides various installment 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; 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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Analyst Recommendations for Regional Management (NYSE:RM)

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