Regional Management Corp (RM) Given Consensus Recommendation of “Hold” by Brokerages
Regional Management Corp (NYSE:RM) has received a consensus recommendation of “Hold” from the ten brokerages that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $29.00.
A number of research firms have issued reports on RM. BMO Capital Markets reissued a “hold” rating and issued a $25.00 price objective on shares of Regional Management in a report on Sunday, November 12th. ValuEngine raised shares of Regional Management from a “buy” rating to a “strong-buy” rating in a report on Friday, December 1st. Zacks Investment Research raised shares of Regional Management from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a report on Wednesday, January 10th. Jefferies Group reissued a “buy” rating and issued a $33.00 price objective on shares of Regional Management in a report on Thursday, January 11th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $27.00 price objective on shares of Regional Management in a report on Friday, December 22nd.
Shares of Regional Management (NYSE:RM) traded down $0.14 during mid-day trading on Friday, hitting $28.36. 44,439 shares of the company traded hands, compared to its average volume of 74,535. The company has a market cap of $326.55, a P/E ratio of 13.13 and a beta of 1.38. The company has a quick ratio of 39.39, a current ratio of 39.39 and a debt-to-equity ratio of 2.34. Regional Management has a 1-year low of $18.31 and a 1-year high of $29.15.
In other Regional Management news, major shareholder Basswood Capital Management, L sold 25,962 shares of the business’s stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $27.55, for a total value of $715,253.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 9.50% of the company’s stock.
Institutional investors have recently modified their holdings of the company. Hancock Holding Co. bought a new stake in shares of Regional Management during the 2nd quarter worth approximately $217,000. The Manufacturers Life Insurance Company lifted its holdings in shares of Regional Management by 6.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 9,194 shares of the credit services provider’s stock worth $218,000 after acquiring an additional 554 shares during the period. Tudor Investment Corp ET AL acquired a new position in Regional Management during the 2nd quarter worth approximately $219,000. Eqis Capital Management Inc. acquired a new position in Regional Management during the 4th quarter worth approximately $231,000. Finally, GSA Capital Partners LLP acquired a new position in Regional Management during the 2nd quarter worth approximately $367,000. 87.14% of the stock is owned by institutional investors.
About Regional Management
Regional Management Corp. is a diversified consumer finance company. The Company provides an array of loan products primarily to customers with limited access to consumer credit from banks, thrifts, credit card companies and other traditional lenders. Its products include small loans, large loans, automobile loans, retail loans, and optional payment and collateral protection insurance products.
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