Brokerages Set Regional Management Corp (RM) Target Price at $33.20

Shares of Regional Management Corp (NYSE:RM) have been assigned an average rating of “Hold” from the nine brokerages that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $33.20.

Several research firms have commented on RM. JMP Securities reiterated a “buy” rating and set a $34.00 price objective on shares of Regional Management in a research note on Sunday, February 17th. Zacks Investment Research lowered Regional Management from a “hold” rating to a “sell” rating in a research note on Saturday, February 16th. ValuEngine upgraded Regional Management from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. BTIG Research began coverage on Regional Management in a research note on Friday, February 22nd. They set a “buy” rating and a $36.00 price objective for the company. Finally, Janney Montgomery Scott upgraded Regional Management from a “neutral” rating to a “buy” rating in a research note on Thursday, May 9th.

NYSE:RM traded down $0.18 during trading hours on Thursday, hitting $23.72. 39,379 shares of the stock were exchanged, compared to its average volume of 37,727. Regional Management has a 52-week low of $22.90 and a 52-week high of $37.21. The company has a current ratio of 51.35, a quick ratio of 51.35 and a debt-to-equity ratio of 2.25. The firm has a market cap of $292.74 million, a P/E ratio of 7.48 and a beta of 0.97.

Regional Management (NYSE:RM) last posted its quarterly earnings data on Wednesday, May 8th. The credit services provider reported $0.67 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.79 by ($0.12). Regional Management had a return on equity of 13.80% and a net margin of 11.02%. The firm had revenue of $81.75 million for the quarter, compared to analysts’ expectations of $85.00 million. On average, research analysts forecast that Regional Management will post 3.35 earnings per share for the current year.

Several institutional investors have recently modified their holdings of the company. BlackRock Inc. boosted its holdings in shares of Regional Management by 50.3% during the 4th quarter. BlackRock Inc. now owns 945,960 shares of the credit services provider’s stock worth $22,751,000 after purchasing an additional 316,748 shares during the last quarter. Vanguard Group Inc boosted its holdings in shares of Regional Management by 0.3% during the 3rd quarter. Vanguard Group Inc now owns 554,592 shares of the credit services provider’s stock worth $15,989,000 after purchasing an additional 1,890 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Regional Management by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 554,592 shares of the credit services provider’s stock worth $15,989,000 after purchasing an additional 1,890 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Regional Management by 2.2% during the 1st quarter. Renaissance Technologies LLC now owns 454,937 shares of the credit services provider’s stock worth $11,110,000 after purchasing an additional 9,937 shares during the last quarter. Finally, Cannell Capital LLC boosted its holdings in shares of Regional Management by 152.4% during the 4th quarter. Cannell Capital LLC now owns 393,455 shares of the credit services provider’s stock worth $9,463,000 after purchasing an additional 237,567 shares during the last quarter. Institutional investors and hedge funds own 87.23% of the company’s stock.

About Regional Management

Regional Management Corp., a diversified consumer finance company, provides various installment 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; 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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Analyst Recommendations for Regional Management (NYSE:RM)

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