Regional Management Corp. (RM) Rating Lowered to Sell at Zacks Investment Research

Regional Management Corp. (NYSE:RM) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Tuesday.

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. “

RM has been the topic of a number of other reports. Stephens initiated coverage on shares of Regional Management Corp. in a research report on Wednesday, August 23rd. They issued an “equal weight” rating and a $25.00 price objective on the stock. BMO Capital Markets lifted their price objective on shares of Regional Management Corp. from $24.00 to $25.00 and gave the company a “market perform” rating in a research report on Wednesday, August 2nd. DA Davidson reiterated a “neutral” rating and issued a $27.00 price objective on shares of Regional Management Corp. in a research report on Tuesday, July 18th. BidaskClub lowered shares of Regional Management Corp. from a “sell” rating to a “strong sell” rating in a research report on Monday, August 14th. Finally, ValuEngine lowered shares of Regional Management Corp. from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 17th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. Regional Management Corp. presently has an average rating of “Hold” and a consensus price target of $25.83.

Regional Management Corp. (NYSE RM) opened at $21.86 on Tuesday. Regional Management Corp. has a 1 year low of $18.31 and a 1 year high of $27.56. The company has a debt-to-equity ratio of 2.34, a current ratio of 39.39 and a quick ratio of 39.39. The firm has a market cap of $257.72, a price-to-earnings ratio of 9.62 and a beta of 1.40.

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Institutional investors have recently added to or reduced their stakes in the business. American International Group Inc. lifted its holdings in Regional Management Corp. by 7.1% in the first quarter. American International Group Inc. now owns 6,512 shares of the credit services provider’s stock valued at $127,000 after acquiring an additional 430 shares during the period. UBS Group AG lifted its holdings in Regional Management Corp. by 115.0% in the first quarter. UBS Group AG now owns 7,137 shares of the credit services provider’s stock valued at $138,000 after acquiring an additional 3,818 shares during the period. PNC Financial Services Group Inc. acquired a new stake in Regional Management Corp. in the first quarter valued at $165,000. Hancock Holding Co. acquired a new stake in Regional Management Corp. in the second quarter valued at $217,000. Finally, The Manufacturers Life Insurance Company lifted its holdings in Regional Management Corp. by 6.4% in the second quarter. The Manufacturers Life Insurance Company now owns 9,194 shares of the credit services provider’s stock valued at $218,000 after acquiring an additional 554 shares during the period. 86.78% of the stock is owned by institutional investors.

Regional Management Corp. 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.

Analyst Recommendations for Regional Management Corp. (NYSE:RM)

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