Regional Management (NYSE:RM) PT Raised to $33.00 at Keefe, Bruyette & Woods

Regional Management (NYSE:RM) had its target price hoisted by Keefe, Bruyette & Woods from $28.00 to $33.00 in a research note issued to investors on Thursday, Benzinga reports. The firm currently has a “market perform” rating on the credit services provider’s stock. Keefe, Bruyette & Woods’ price objective points to a potential upside of 1.13% from the stock’s previous close.

Several other equities research analysts also recently issued reports on the stock. BTIG Research started coverage on shares of Regional Management in a research note on Friday, June 7th. They set a “neutral” rating for the company. StockNews.com raised Regional Management from a “buy” rating to a “strong-buy” rating in a research report on Thursday, May 2nd.

Regional Management Trading Down 0.2 %

Shares of RM stock traded down $0.07 during trading hours on Thursday, hitting $32.63. 5,384 shares of the company were exchanged, compared to its average volume of 27,890. The company has a quick ratio of 54.90, a current ratio of 54.90 and a debt-to-equity ratio of 4.03. The firm has a market cap of $323.04 million, a PE ratio of 14.19 and a beta of 1.51. Regional Management has a 1 year low of $20.50 and a 1 year high of $33.99. The firm has a fifty day moving average of $28.32 and a 200 day moving average of $26.20.

Regional Management (NYSE:RM) last posted its quarterly earnings results on Wednesday, July 31st. The credit services provider reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.27. Regional Management had a return on equity of 10.70% and a net margin of 4.01%. The firm had revenue of $143.03 million during the quarter, compared to the consensus estimate of $143.13 million. During the same quarter in the previous year, the business earned $0.63 earnings per share. Analysts expect that Regional Management will post 4.22 earnings per share for the current year.

Insider Activity

In other Regional Management news, Director Basswood Capital Management, L bought 8,091 shares of the business’s stock in a transaction on Monday, May 6th. The shares were bought at an average cost of $30.04 per share, with a total value of $243,053.64. Following the transaction, the director now directly owns 478,892 shares in the company, valued at approximately $14,385,915.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 10.50% of the company’s stock.

Institutional Investors Weigh In On Regional Management

A number of institutional investors have recently modified their holdings of the stock. SG Americas Securities LLC bought a new position in Regional Management during the 4th quarter worth approximately $102,000. Summit Global Investments lifted its position in shares of Regional Management by 29.1% in the 4th quarter. Summit Global Investments now owns 27,955 shares of the credit services provider’s stock worth $701,000 after buying an additional 6,298 shares during the last quarter. Quadrature Capital Ltd boosted its holdings in shares of Regional Management by 7.5% in the 4th quarter. Quadrature Capital Ltd now owns 13,634 shares of the credit services provider’s stock valued at $340,000 after buying an additional 957 shares during the period. BNP Paribas Financial Markets grew its position in shares of Regional Management by 53.4% during the 1st quarter. BNP Paribas Financial Markets now owns 3,974 shares of the credit services provider’s stock valued at $96,000 after buying an additional 1,383 shares during the last quarter. Finally, Empowered Funds LLC lifted its holdings in Regional Management by 8.1% in the first quarter. Empowered Funds LLC now owns 36,939 shares of the credit services provider’s stock worth $894,000 after acquiring an additional 2,767 shares during the last quarter. Institutional investors and hedge funds own 98.89% of the company’s stock.

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 lenders in the United States. It offers small and large installment loans; and retail loans to finance the purchase of furniture, appliances, and other retail products.