Regional Management (NYSE:RM) Stock Rating Lowered by Wall Street Zen

Regional Management (NYSE:RM) was downgraded by investment analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a note issued to investors on Saturday.

Several other equities analysts have also recently weighed in on the stock. Citizens Jmp lowered their price objective on shares of Regional Management from $45.00 to $43.00 and set a “market outperform” rating on the stock in a research report on Thursday. Weiss Ratings upgraded Regional Management from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, June 26th. Finally, Citigroup reaffirmed a “market outperform” rating on shares of Regional Management in a research report on Thursday. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Regional Management currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.00.

Regional Management Price Performance

RM stock opened at $32.30 on Friday. Regional Management has a one year low of $30.46 and a one year high of $46.00. The firm has a 50-day moving average of $39.13 and a two-hundred day moving average of $36.49. The firm has a market capitalization of $297.53 million, a PE ratio of 6.80 and a beta of 1.02. 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 (NYSE:RM) last released its quarterly earnings results on Wednesday, July 29th. The credit services provider reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.04. Regional Management had a net margin of 6.98% and a return on equity of 12.53%. The business had revenue of $168.01 million for the quarter, compared to analyst estimates of $165.69 million.

Insider Activity

In related news, SVP Catherine R. Atwood sold 3,000 shares of Regional Management stock in a transaction on Monday, May 11th. The stock was sold at an average price of $35.06, for a total transaction of $105,180.00. Following the completion of the sale, the senior vice president owned 40,942 shares of the company’s stock, valued at approximately $1,435,426.52. This trade represents a 6.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Sandra K. Johnson sold 1,000 shares of Regional Management stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $36.00, for a total value of $36,000.00. Following the sale, the director directly owned 21,933 shares of the company’s stock, valued at approximately $789,588. The trade was a 4.36% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 8,874 shares of company stock worth $350,208 in the last ninety days. Corporate insiders own 10.90% of the company’s stock.

Institutional Investors Weigh In On Regional Management

A number of hedge funds and other institutional investors have recently made changes to their positions in RM. State of Alaska Department of Revenue bought a new stake in shares of Regional Management in the 4th quarter valued at approximately $25,000. Wexford Capital LP bought a new position in Regional Management during the third quarter valued at approximately $32,000. Advisory Services Network LLC bought a new position in Regional Management during the third quarter valued at approximately $39,000. Kestra Advisory Services LLC acquired a new stake in Regional Management in the fourth quarter valued at approximately $49,000. Finally, BNP Paribas Financial Markets lifted its stake in Regional Management by 45.3% in the third quarter. BNP Paribas Financial Markets now owns 2,077 shares of the credit services provider’s stock valued at $81,000 after acquiring an additional 648 shares during the last quarter. 98.89% of the stock is owned by hedge funds and other institutional investors.

Regional Management Company Profile

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.