Regional Management Corp. (NYSE:RM)‘s stock had its “buy” rating reissued by BMO Capital Markets in a research report issued on Wednesday. They currently have a $26.00 price target on the stock. BMO Capital Markets’ price objective suggests a potential upside of 54.76% from the company’s current price.
In related news, major shareholder Glen Capital Partners Focus Fu sold 8,613 shares of the firm’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 transaction, the insider now owns 1,258,496 shares of the company’s stock, valued at $22,426,398.72. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Alvaro G. Demolina sold 10,000 shares of the firm’s stock in a transaction dated Thursday, May 5th. The stock was sold at an average price of $15.83, for a total value of $158,300.00. Following the transaction, the director now directly owns 30,201 shares in the company, valued at approximately $478,081.83. The disclosure for this sale can be found here.
Several other equities analysts have also commented on the company. Zacks Investment Research lowered Regional Management Corp. from a “hold” rating to a “sell” rating in a report on Thursday, July 14th. Jefferies Group reissued a “buy” rating on shares of Regional Management Corp. in a report on Saturday, April 30th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $20.00.
Shares of Regional Management Corp. (NYSE:RM) traded up 10.12% during trading on Wednesday, hitting $18.50. The stock had a trading volume of 436,492 shares. The stock has a market cap of $221.94 million and a price-to-earnings ratio of 9.84. The stock’s 50-day moving average is $15.66 and its 200-day moving average is $15.66. Regional Management Corp. has a 12-month low of $11.77 and a 12-month high of $20.07.
Regional Management Corp. (NYSE:RM) last posted its earnings results on Tuesday, July 26th. The company reported $0.53 EPS for the quarter, beating the consensus estimate of $0.40 by $0.13. The business earned $57.30 million during the quarter, compared to analysts’ expectations of $58.32 million. On average, equities research analysts expect that Regional Management Corp. will post $1.92 EPS for the current year.
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.
