Regional Management (NYSE:RM) posted its earnings results on Thursday. The credit services provider reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.02, Morningstar.com reports. Regional Management had a return on equity of 12.87% and a net margin of 11.64%. The business had revenue of $77.92 million during the quarter, compared to analysts’ expectations of $78.72 million.
Shares of RM traded down $1.02 during mid-day trading on Friday, hitting $28.08. 46,673 shares of the company’s stock were exchanged, compared to its average volume of 57,379. The stock has a market capitalization of $346.17 million, a P/E ratio of 11.21 and a beta of 0.81. Regional Management has a 52 week low of $21.50 and a 52 week high of $37.21. The company has a quick ratio of 47.26, a current ratio of 47.26 and a debt-to-equity ratio of 2.28.
Several equities analysts have recently weighed in on the stock. ValuEngine cut shares of Regional Management from a “hold” rating to a “sell” rating in a research note on Saturday. Stephens set a $34.00 price target on shares of Regional Management and gave the stock a “hold” rating in a research note on Friday. Zacks Investment Research raised shares of Regional Management from a “sell” rating to a “hold” rating in a research note on Wednesday. BMO Capital Markets raised their price target on shares of Regional Management from $32.00 to $36.00 and gave the stock a “market perform” rating in a research note on Thursday, August 2nd. Finally, TheStreet cut shares of Regional Management from a “b” rating to a “c+” rating in a research note on Monday, July 16th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. Regional Management currently has a consensus rating of “Hold” and a consensus target price of $34.00.
Institutional investors and hedge funds have recently modified their holdings of the company. Sterling Capital Management LLC bought a new position in shares of Regional Management during the 2nd quarter worth approximately $888,000. Mackay Shields LLC bought a new position in shares of Regional Management in the second quarter valued at $284,000. Citadel Advisors LLC bought a new position in shares of Regional Management in the second quarter valued at $600,000. California Public Employees Retirement System grew its stake in shares of Regional Management by 13.3% in the first quarter. California Public Employees Retirement System now owns 39,306 shares of the credit services provider’s stock valued at $1,252,000 after buying an additional 4,606 shares in the last quarter. Finally, Spark Investment Management LLC grew its stake in shares of Regional Management by 15.2% in the second quarter. Spark Investment Management LLC now owns 66,700 shares of the credit services provider’s stock valued at $2,335,000 after buying an additional 8,800 shares in the last quarter. 85.99% of the stock is owned by institutional investors.
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About Regional Management
Regional Management Corp., a diversified consumer finance company, provides various loan products primarily to customers with limited access to consumer credit from banks, thrifts, credit card companies, and other traditional lenders. The company offers small and large installment loans; automobile purchase loans; loans to finance the purchase of furniture, appliances, and other retail products; insurance products, including credit life, credit accident and health, credit property, vehicle single interest, and credit involuntary unemployment insurance; collateral protection insurance; and property insurance, as well as reinsurance products.
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