Regional Management Corp. (NYSE:RM) – Stock analysts at Jefferies Group cut their Q3 2017 earnings per share (EPS) estimates for shares of Regional Management Corp. in a research report issued to clients and investors on Wednesday. Jefferies Group analyst J. Hecht now forecasts that the brokerage will post earnings of $0.64 per share for the quarter, down from their previous forecast of $0.68. Jefferies Group has a “Buy” rating on the stock. Jefferies Group also issued estimates for Regional Management Corp.’s Q4 2017 earnings at $0.61 EPS.
A number of other equities research analysts also recently weighed in on RM. Zacks Investment Research raised shares of Regional Management Corp. from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 4th. Keefe, Bruyette & Woods upped their price target on shares of Regional Management Corp. from $17.50 to $19.00 and gave the company a “market perform” rating in a report on Thursday. Finally, BMO Capital Markets reissued a “buy” rating and issued a $26.00 price target on shares of Regional Management Corp. in a report on Wednesday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. Regional Management Corp. presently has a consensus rating of “Hold” and a consensus target price of $21.00.
Regional Management Corp. (NYSE:RM) traded up 1.95% during midday trading on Thursday, hitting $18.86. 134,844 shares of the company traded hands. The stock has a 50 day moving average price of $15.68 and a 200-day moving average price of $15.68. The company has a market cap of $215.27 million and a PE ratio of 9.66. Regional Management Corp. has a 12-month low of $11.77 and a 12-month high of $20.07.
In other Regional Management Corp. news, major shareholder Glen Capital Partners Focus Fu sold 8,613 shares of the business’s stock in a transaction dated Wednesday, June 8th. The stock was sold at an average price of $17.82, for a total transaction of $153,483.66. Following the sale, the insider now owns 1,258,496 shares in the company, valued at approximately $22,426,398.72. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Alvaro G. Demolina sold 10,000 shares of the company’s stock in a transaction dated Thursday, May 5th. The shares were sold at an average price of $15.83, for a total value of $158,300.00. Following the completion of the transaction, the director now owns 30,201 shares in the company, valued at approximately $478,081.83. The disclosure for this sale can be found here.
Regional Management Corp. is a diversified specialty consumer finance company. The Company provides a range 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 credit insurance products.
