Regional Management Corp (RM) Receives $32.25 Average Target Price from Analysts

Regional Management Corp (NYSE:RM) has been assigned an average rating of “Hold” from the six analysts that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $32.00.

Several research analysts have issued reports on RM shares. ValuEngine cut shares of Regional Management from a “hold” rating to a “sell” rating in a report on Monday, October 8th. Zacks Investment Research raised shares of Regional Management from a “sell” rating to a “hold” rating in a research report on Wednesday, November 7th. Stephens set a $34.00 price objective on shares of Regional Management and gave the company a “hold” rating in a research report on Friday, November 9th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $27.00 price objective on shares of Regional Management in a research report on Monday, January 7th.

Shares of RM opened at $26.21 on Friday. Regional Management has a twelve month low of $22.90 and a twelve month high of $37.21. The firm has a market capitalization of $298.91 million, a PE ratio of 11.60 and a beta of 0.85. The company has a current ratio of 44.21, a quick ratio of 44.21 and a debt-to-equity ratio of 2.26.

Regional Management (NYSE:RM) last posted its quarterly earnings results on Thursday, November 8th. The credit services provider reported $0.85 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.83 by $0.02. The company had revenue of $77.92 million for the quarter, compared to the consensus estimate of $78.72 million. Regional Management had a net margin of 12.02% and a return on equity of 13.74%. On average, equities research analysts predict that Regional Management will post 3.05 earnings per share for the current year.

Several hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its holdings in Regional Management by 0.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 991,450 shares of the credit services provider’s stock valued at $28,583,000 after buying an additional 8,829 shares during the period. BlackRock Inc. raised its holdings in Regional Management by 3.3% in the 3rd quarter. BlackRock Inc. now owns 629,212 shares of the credit services provider’s stock valued at $18,142,000 after buying an additional 20,005 shares during the period. Vanguard Group Inc. raised its holdings in Regional Management by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 554,592 shares of the credit services provider’s stock valued at $15,989,000 after buying an additional 1,890 shares during the period. Vanguard Group Inc raised its holdings in Regional Management by 0.3% in the 3rd quarter. Vanguard Group Inc now owns 554,592 shares of the credit services provider’s stock valued at $15,989,000 after buying an additional 1,890 shares during the period. Finally, Renaissance Technologies LLC raised its holdings in Regional Management by 18.3% in the 3rd quarter. Renaissance Technologies LLC now owns 496,291 shares of the credit services provider’s stock valued at $14,308,000 after buying an additional 76,755 shares during the period. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

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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