Regional Management (RM) Stock Rating Reaffirmed by Jefferies Group
Regional Management (NYSE:RM)‘s stock had its “buy” rating reissued by research analysts at Jefferies Group in a report issued on Thursday. They currently have a $33.00 price target on the credit services provider’s stock. Jefferies Group’s price target points to a potential upside of 21.28% from the company’s previous close.
Several other brokerages have also recently weighed in on RM. BMO Capital Markets reaffirmed a “hold” rating and issued a $32.00 price target on shares of Regional Management in a research report on Monday. Zacks Investment Research raised shares of Regional Management from a “hold” rating to a “buy” rating and set a $31.00 price target on the stock in a research report on Wednesday. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $27.00 price target on shares of Regional Management in a research report on Friday, December 22nd. Finally, ValuEngine raised shares of Regional Management from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 1st. One analyst has rated the stock with a sell rating, four have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $29.00.
Regional Management (NYSE RM) opened at $27.21 on Thursday. Regional Management has a 1 year low of $18.31 and a 1 year high of $28.12. The firm has a market cap of $318.16, a PE ratio of 12.54 and a beta of 1.37. The company has a debt-to-equity ratio of 2.34, a current ratio of 39.39 and a quick ratio of 39.39.
In other news, major shareholder Basswood Capital Management, L bought 7,881 shares of the company’s stock in a transaction on Saturday, December 29th. The shares were purchased at an average price of $26.40 per share, with a total value of $208,058.40. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. 9.50% of the stock is owned by company insiders.
Several institutional investors have recently bought and sold shares of RM. Second Curve Capital LLC lifted its position in shares of Regional Management by 67.5% during the 3rd quarter. Second Curve Capital LLC now owns 633,034 shares of the credit services provider’s stock worth $15,326,000 after buying an additional 255,000 shares in the last quarter. AJO LP bought a new position in shares of Regional Management during the 2nd quarter worth approximately $3,215,000. Dimensional Fund Advisors LP lifted its position in shares of Regional Management by 12.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 796,386 shares of the credit services provider’s stock worth $18,819,000 after buying an additional 88,569 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Regional Management by 7.1% during the 2nd quarter. Vanguard Group Inc. now owns 695,053 shares of the credit services provider’s stock worth $16,424,000 after buying an additional 46,288 shares in the last quarter. Finally, Parametric Portfolio Associates LLC lifted its position in shares of Regional Management by 71.1% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 81,069 shares of the credit services provider’s stock worth $1,916,000 after buying an additional 33,694 shares in the last quarter. 86.40% of the stock is currently owned by hedge funds and other institutional investors.
Regional Management Company Profile
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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