Citizens Jmp Upgrades Regional Management (NYSE:RM) to Outperform

Regional Management (NYSE:RM) was upgraded by analysts at Citizens Jmp from a “market perform” rating to an “outperform” rating in a note issued to investors on Thursday. The firm presently has a $45.00 price target on the credit services provider’s stock. Citizens Jmp’s target price indicates a potential upside of 29.35% from the stock’s previous close.

Several other research analysts have also recently issued reports on RM. Wall Street Zen cut Regional Management from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 7th. Weiss Ratings upgraded Regional Management from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 4th. Finally, Citigroup upgraded shares of Regional Management to an “outperform” rating in a research note on Thursday. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $45.00.

Regional Management Trading Up 2.4%

NYSE RM opened at $34.79 on Thursday. Regional Management has a 52 week low of $26.06 and a 52 week high of $46.00. The firm has a 50 day moving average of $34.82 and a two-hundred day moving average of $36.31. The company has a quick ratio of 59.88, a current ratio of 59.88 and a debt-to-equity ratio of 4.30. The stock has a market capitalization of $320.42 million, a PE ratio of 7.06 and a beta of 1.04.

Regional Management (NYSE:RM) last released its quarterly earnings data on Wednesday, April 29th. The credit services provider reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.20. The business had revenue of $167.29 million during the quarter, compared to analysts’ expectations of $161.55 million. Regional Management had a net margin of 7.40% and a return on equity of 13.16%.

Insider Buying and Selling at Regional Management

In related news, SVP Catherine R. Atwood sold 3,000 shares of the firm’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $35.06, for a total transaction of $105,180.00. Following the transaction, the senior vice president owned 40,942 shares of the company’s stock, valued at $1,435,426.52. This trade represents a 6.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Harpreet Rana sold 14,978 shares of the company’s stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $38.09, for a total value of $570,512.02. Following the sale, the executive vice president directly owned 31,524 shares of the company’s stock, valued at approximately $1,200,749.16. This represents a 32.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 104,810 shares of company stock valued at $4,036,197. Corporate insiders own 10.90% of the company’s stock.

Institutional Trading of Regional Management

Several hedge funds have recently made changes to their positions in RM. State of Alaska Department of Revenue acquired a new position in shares of Regional Management during the fourth quarter worth about $25,000. Wexford Capital LP acquired a new stake in Regional Management in the third quarter valued at about $32,000. Advisory Services Network LLC purchased a new stake in Regional Management in the 3rd quarter valued at approximately $39,000. CWM LLC increased its position in Regional Management by 43.7% during the 3rd quarter. CWM LLC now owns 1,065 shares of the credit services provider’s stock worth $41,000 after purchasing an additional 324 shares during the period. Finally, Kestra Advisory Services LLC purchased a new position in shares of Regional Management during the 4th quarter worth approximately $49,000. Institutional investors and hedge funds own 98.89% of the company’s stock.

Regional Management Company Profile

Regional Management Corp., headquartered in Wilmington, North Carolina, is a consumer finance company specializing in installment loan products for underbanked individuals. Since its founding in 1977, the company has developed a network of field-based branches alongside a digital platform to offer credit solutions in rural and small-town markets across the United States.

The company’s core offerings include consumer installment loans for everyday purchases, auto refinancing and lease buyouts, as well as ancillary services such as insurance referrals.