Regional Management Corp (NYSE:RM) COO John D. Schachtel acquired 4,000 shares of Regional Management stock in a transaction on Monday, August 12th. The shares were bought at an average price of $27.46 per share, with a total value of $109,840.00. Following the purchase, the chief operating officer now directly owns 26,378 shares in the company, valued at approximately $724,339.88. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.
Shares of Regional Management stock traded down $0.54 on Wednesday, hitting $26.56. The company’s stock had a trading volume of 26,381 shares, compared to its average volume of 43,774. The company has a quick ratio of 48.69, a current ratio of 48.69 and a debt-to-equity ratio of 2.44. Regional Management Corp has a 1 year low of $22.90 and a 1 year high of $35.37. The firm’s fifty day moving average is $26.12. The firm has a market cap of $315.70 million, a P/E ratio of 8.38 and a beta of 0.93.
Regional Management (NYSE:RM) last announced its quarterly earnings results on Wednesday, July 31st. The credit services provider reported $0.70 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.65 by $0.05. Regional Management had a return on equity of 13.37% and a net margin of 10.59%. The firm had revenue of $84.27 million during the quarter, compared to analyst estimates of $80.50 million. As a group, equities analysts forecast that Regional Management Corp will post 3.42 earnings per share for the current fiscal year.
RM has been the subject of a number of recent research reports. Janney Montgomery Scott upgraded Regional Management from a “neutral” rating to a “buy” rating in a research note on Thursday, May 9th. Zacks Investment Research upgraded Regional Management from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a research note on Wednesday, July 10th. Finally, ValuEngine upgraded Regional Management from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 1st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $31.80.
About Regional Management
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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