Regional Management (NYSE:RM) Upgraded by Wall Street Zen to Strong-Buy Rating

Regional Management (NYSE:RM) was upgraded by stock analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Sunday.

RM has been the topic of several other reports. Weiss Ratings raised Regional Management from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, June 26th. Citigroup reaffirmed a “market outperform” rating on shares of Regional Management in a research note on Wednesday, June 17th. Finally, Citizens Jmp upgraded Regional Management from a “market perform” rating to an “outperform” rating and set a $45.00 target price on the stock in a research report on Thursday, May 21st. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $45.00.

Regional Management Stock Performance

RM traded up $1.16 on Friday, reaching $43.66. The stock had a trading volume of 93,689 shares, compared to its average volume of 69,531. The business’s 50-day moving average price is $37.29 and its two-hundred day moving average price is $36.34. The company has a current ratio of 59.88, a quick ratio of 59.88 and a debt-to-equity ratio of 4.30. Regional Management has a 12-month low of $30.46 and a 12-month high of $46.00. The company has a market cap of $402.13 million, a P/E ratio of 8.86 and a beta of 1.01.

Regional Management (NYSE:RM) last announced its quarterly earnings results on Wednesday, April 29th. The credit services provider reported $1.18 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.20. The firm had revenue of $167.29 million during the quarter, compared to analyst estimates of $161.55 million. Regional Management had a return on equity of 13.16% and a net margin of 7.40%.

Insider Activity at Regional Management

In other Regional Management news, CAO Steven B. Barnette sold 1,600 shares of the stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $42.04, for a total transaction of $67,264.00. Following the completion of the transaction, the chief accounting officer owned 16,746 shares of the company’s stock, valued at $704,001.84. This represents a 8.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Catherine R. Atwood sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $35.06, for a total value of $105,180.00. Following the completion of the transaction, the senior vice president owned 40,942 shares in the company, valued at approximately $1,435,426.52. This trade represents a 6.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 107,410 shares of company stock worth $4,139,461 in the last quarter. Corporate insiders own 10.90% of the company’s stock.

Institutional Investors Weigh In On Regional Management

A number of hedge funds have recently modified their holdings of the business. Empowered Funds LLC raised its holdings in Regional Management by 9.7% in the 1st quarter. Empowered Funds LLC now owns 60,709 shares of the credit services provider’s stock valued at $1,958,000 after acquiring an additional 5,365 shares during the last quarter. Quantinno Capital Management LP raised its stake in Regional Management by 93.8% during the first quarter. Quantinno Capital Management LP now owns 23,621 shares of the credit services provider’s stock worth $762,000 after purchasing an additional 11,432 shares during the period. Lazard Asset Management LLC purchased a new position in Regional Management during the first quarter worth about $1,004,000. Arrowstreet Capital Limited Partnership boosted its holdings in Regional Management by 2.5% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 108,439 shares of the credit services provider’s stock valued at $3,497,000 after purchasing an additional 2,618 shares during the last quarter. Finally, Sei Investments Co. boosted its holdings in Regional Management by 117.9% in the 1st quarter. Sei Investments Co. now owns 157,151 shares of the credit services provider’s stock valued at $5,068,000 after purchasing an additional 85,040 shares during the last quarter. 98.89% of the stock is currently owned by institutional investors and hedge funds.

About Regional Management

Regional Management Corp., headquartered in Wilmington, North Carolina, is a consumer finance company specializing in installment loan products for underbanked individuals. Since its founding in 1977, the company has developed a network of field-based branches alongside a digital platform to offer credit solutions in rural and small-town markets across the United States.

The company’s core offerings include consumer installment loans for everyday purchases, auto refinancing and lease buyouts, as well as ancillary services such as insurance referrals.