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

Regional Management (NYSE:RM) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Monday, Wall Street Zen reports.

RM has been the subject of several other reports. Citizens Jmp decreased their price target on Regional Management from $45.00 to $43.00 and set a “market outperform” rating for the company in a report on Thursday, July 30th. Citigroup reissued a “market outperform” rating on shares of Regional Management in a research note on Thursday, July 30th. Finally, Weiss Ratings downgraded shares of Regional Management from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, October 8th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Regional Management presently has an average rating of “Moderate Buy” and a consensus target price of $43.00.

Regional Management Stock Up 2.4%

RM opened at $34.43 on Monday. Regional Management has a one year low of $29.89 and a one year high of $44.29. The company has a debt-to-equity ratio of 4.41, a quick ratio of 64.04 and a current ratio of 64.04. The stock has a market capitalization of $317.81 million, a P/E ratio of 7.25 and a beta of 1.02. The business’s 50-day simple moving average is $32.55 and its 200-day simple moving average is $35.81.

Regional Management (NYSE:RM) last announced its earnings results on Wednesday, July 29th. The credit services provider reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.04. The business had revenue of $168.01 million for the quarter, compared to analyst estimates of $165.69 million. Regional Management had a net margin of 6.98% and a return on equity of 12.49%.

Insider Buying and Selling

In other news, major shareholder Fund L.P. Forager sold 10,401 shares of the firm’s stock in a transaction that occurred on Thursday, September 17th. The stock was sold at an average price of $32.22, for a total value of $335,120.22. Following the completion of the sale, the insider directly owned 919,136 shares of the company’s stock, valued at $29,614,561.92. This trade represents a 1.12% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Lakhbir Lamba purchased 6,500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The stock was acquired at an average price of $31.59 per share, for a total transaction of $205,335.00. Following the completion of the purchase, the chief executive officer owned 52,234 shares of the company’s stock, valued at approximately $1,650,072.06. This represents a 14.21% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last three months, insiders have sold 29,522 shares of company stock valued at $951,877. Company 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 bought and sold shares of the business. Man Group plc acquired a new position in Regional Management during the second quarter worth about $2,268,000. Tieton Capital Management LLC purchased a new position in Regional Management in the second quarter valued at about $13,112,000. Bank of New York Mellon Corp acquired a new stake in shares of Regional Management during the 2nd quarter valued at approximately $3,163,000. BlackRock Inc. acquired a new stake in shares of Regional Management during the 2nd quarter valued at approximately $47,514,000. Finally, Globeflex Capital L P acquired a new stake in shares of Regional Management during the 2nd quarter valued at approximately $1,428,000. Institutional investors and hedge funds own 98.89% of the company’s stock.

Regional Management Company Profile

Regional Management Corp. (NYSE: RM) is a consumer finance company that provides personal installment loans to individuals who may have limited access to traditional bank credit. The company primarily serves non-prime borrowers through a combination of branch-based and online lending channels.

Its products generally include secured and unsecured consumer loans, along with optional insurance and other ancillary offerings. Regional Management evaluates borrowers based on their individual financial circumstances and provides loan services designed to meet personal, household and other consumer needs.

Founded in 1987 and headquartered in Greer, South Carolina, the company operates through a network of branches serving customers across several southeastern and southern U.S.