Regional Management (NYSE:RM) Rating Increased to Buy at Zacks Investment Research

Regional Management (NYSE:RM) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Wednesday, January 10th. The firm currently has a $31.00 price target on the credit services provider’s stock. Zacks Investment Research‘s target price would indicate a potential upside of 11.31% from the stock’s current price.

According to Zacks, “Regional Management Corp. is a diversified specialty consumer finance company engaged in providing loan products primarily to customers with limited access to consumer credit from banks, thrifts, credit card companies and other traditional lenders. It offers Small Installment Loans, Large Installment Loans, Automobile Purchase Loans, Furniture and Appliance Purchase Loans and Insurance Products. The Company has operations primarily in South Carolina, Texas, North Carolina, Tennessee and Alabama. Regional Management Corp. is headquartered in Greenville, South Carolina. “

A number of other research firms have also recently weighed in on RM. BMO Capital Markets reiterated a “hold” rating and set a $32.00 price objective on shares of Regional Management in a research report on Monday, January 8th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $27.00 price objective on shares of Regional Management in a research report on Friday, December 22nd. Finally, ValuEngine upgraded shares of Regional Management from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 1st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $29.00.

Shares of Regional Management (NYSE:RM) opened at $27.85 on Wednesday. The stock has a market cap of $329.70, a price-to-earnings ratio of 12.83 and a beta of 1.38. The company has a debt-to-equity ratio of 2.34, a quick ratio of 39.39 and a current ratio of 39.39. Regional Management has a 12 month low of $18.31 and a 12 month high of $28.98.

Regional Management (NYSE:RM) last released its quarterly earnings results on Wednesday, November 8th. The credit services provider reported $0.58 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.60 by ($0.02). Regional Management had a net margin of 9.66% and a return on equity of 12.62%. equities analysts forecast that Regional Management will post 2.18 EPS for the current year.

In related news, major shareholder Basswood Capital Management, L purchased 7,881 shares of the business’s stock in a transaction dated Saturday, December 29th. The shares were purchased at an average cost of $26.40 per share, for a total transaction of $208,058.40. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 9.50% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Hancock Holding Co. bought a new position in Regional Management during the 2nd quarter worth about $217,000. The Manufacturers Life Insurance Company grew its holdings in Regional Management by 6.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 9,194 shares of the credit services provider’s stock worth $218,000 after acquiring an additional 554 shares in the last quarter. Tudor Investment Corp ET AL bought a new position in Regional Management during the 2nd quarter worth about $219,000. Russell Investments Group Ltd. grew its holdings in Regional Management by 22.9% during the 2nd quarter. Russell Investments Group Ltd. now owns 11,930 shares of the credit services provider’s stock worth $281,000 after acquiring an additional 2,219 shares in the last quarter. Finally, GSA Capital Partners LLP bought a new position in Regional Management during the 2nd quarter worth about $367,000. Hedge funds and other institutional investors own 86.40% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This report was reported by BBNS and is the sole property of of BBNS. If you are reading this report on another website, it was illegally copied and reposted in violation of US & international trademark and copyright laws. The original version of this report can be accessed at https://baseballnewssource.com/markets/regional-management-rm-raised-to-buy-at-zacks-investment-research/1822673.html.

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.

Get a free copy of the Zacks research report on Regional Management (RM)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Regional Management (NYSE:RM)

Receive News & Ratings for Regional Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Regional Management and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Report: 20-Second Clock and Limit on Mound Visits Rejected by MLBPA
Report: 20-Second Clock and Limit on Mound Visits Rejected by MLBPA
Christian Yelich’s Agent Says Relationship with Marlins is Broken
Christian Yelich’s Agent Says Relationship with Marlins is Broken
Houston Astros Add Starter to Rotation
Houston Astros Add Starter to Rotation
Sources: Mets Bringing Back Jay Bruce with Three-Year Deal
Sources: Mets Bringing Back Jay Bruce with Three-Year Deal
Justin Morneau Former Star With Twins and AL MVP Retires
Justin Morneau Former Star With Twins and AL MVP Retires
MLB Rumor: Pirates Discussing Andrew McCutchen with Mets
MLB Rumor: Pirates Discussing Andrew McCutchen with Mets


Leave a Reply

 
© 2006-2018 BBNS.