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. “
Several other analysts have also recently commented on RM. BMO Capital Markets reiterated a buy rating and issued a $26.00 price target on shares of Regional Management Corp. in a research note on Wednesday, July 27th. Keefe, Bruyette & Woods boosted their price target on shares of Regional Management Corp. from $17.50 to $19.00 and gave the stock a market perform rating in a research note on Thursday, July 28th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of Hold and an average target price of $21.25.
Shares of Regional Management Corp. (NYSE:RM) opened at 21.92 on Wednesday. Regional Management Corp. has a 12-month low of $11.77 and a 12-month high of $22.44. The stock has a market capitalization of $250.24 million, a price-to-earnings ratio of 11.22 and a beta of 1.59. The stock’s 50 day moving average is $21.13 and its 200-day moving average is $17.90.
Regional Management Corp. (NYSE:RM) last announced its quarterly earnings results on Tuesday, July 26th. The company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.40 by $0.13. The business had revenue of $57.30 million for the quarter, compared to analysts’ expectations of $58.32 million. Regional Management Corp. had a net margin of 11.06% and a return on equity of 12.23%. On average, analysts expect that Regional Management Corp. will post $2.02 earnings per share for the current year.
In other news, major shareholder Glen Capital Partners Focus Fu sold 20,000 shares of the business’s stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $18.83, for a total value of $376,600.00. Following the sale, the insider now directly owns 1,111,592 shares in the company, valued at approximately $20,931,277.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 5.60% of the stock is currently owned by insiders.
A number of institutional investors have recently modified their holdings of RM. Nationwide Fund Advisors increased its position in shares of Regional Management Corp. by 9.6% in the second quarter. Nationwide Fund Advisors now owns 7,279 shares of the company’s stock valued at $107,000 after buying an additional 636 shares during the last quarter. A.R.T. Advisors LLC purchased a new position in shares of Regional Management Corp. during the second quarter valued at approximately $182,000. Sippican Capital Advisors purchased a new position in shares of Regional Management Corp. during the second quarter valued at approximately $220,000. Acadian Asset Management LLC increased its position in shares of Regional Management Corp. by 369.5% in the second quarter. Acadian Asset Management LLC now owns 15,269 shares of the company’s stock valued at $224,000 after buying an additional 12,017 shares during the last quarter. Finally, Algert Global LLC purchased a new position in shares of Regional Management Corp. during the first quarter valued at approximately $396,000. Institutional investors own 89.94% of the company’s stock.
Regional Management Corp. Company Profile
Regional Management Corp. is a diversified specialty consumer finance company. The Company provides a range 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 credit insurance products.
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