Regional Management (NYSE:RM) Price Target Cut to $43.00 by Analysts at Citizens Jmp

Regional Management (NYSE:RM) had its target price lowered by analysts at Citizens Jmp from $45.00 to $43.00 in a report released on Thursday,Benzinga reports. The brokerage currently has a “market outperform” rating on the credit services provider’s stock. Citizens Jmp’s price objective would indicate a potential upside of 31.72% from the stock’s previous close.

Several other analysts have also weighed in on the stock. Weiss Ratings upgraded shares of Regional Management from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, June 26th. Citigroup reissued a “market outperform” rating on shares of Regional Management in a research note on Thursday. Finally, Wall Street Zen upgraded shares of Regional Management from a “buy” rating to a “strong-buy” rating in a report on Sunday, July 12th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Regional Management currently has an average rating of “Moderate Buy” and a consensus price target of $43.00.

Regional Management Trading Down 22.9%

NYSE RM traded down $9.71 during trading hours on Thursday, hitting $32.65. 35,741 shares of the company’s stock were exchanged, compared to its average volume of 61,694. The firm has a market cap of $300.66 million, a price-to-earnings ratio of 6.62 and a beta of 1.01. The stock has a 50-day simple moving average of $39.25 and a 200 day simple moving average of $36.57. The company has a current ratio of 59.88, a quick ratio of 59.88 and a debt-to-equity ratio of 4.30. Regional Management has a 1-year low of $30.46 and a 1-year high of $46.00.

Regional Management (NYSE:RM) last issued its quarterly earnings results on Wednesday, July 29th. The credit services provider reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.02. The firm had revenue of $168.01 million for the quarter, compared to analyst estimates of $165.69 million. Regional Management had a return on equity of 13.16% and a net margin of 7.40%.

Insiders Place Their Bets

In other Regional Management 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 value of $105,180.00. Following the sale, 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 position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Sandra K. Johnson sold 1,000 shares of Regional Management stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $36.00, for a total value of $36,000.00. Following the sale, the director owned 21,933 shares of the company’s stock, valued at approximately $789,588. This trade represents a 4.36% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 8,874 shares of company stock worth $350,208 in the last ninety days. 10.90% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Regional Management

Several hedge funds have recently bought and sold shares of the stock. Sei Investments Co. grew its stake in Regional Management by 117.9% in the 1st quarter. Sei Investments Co. now owns 157,151 shares of the credit services provider’s stock worth $5,068,000 after buying an additional 85,040 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of Regional Management by 45.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 194,374 shares of the credit services provider’s stock valued at $5,853,000 after buying an additional 60,744 shares in the last quarter. Renaissance Technologies LLC increased its stake in Regional Management by 15.8% in the fourth quarter. Renaissance Technologies LLC now owns 243,137 shares of the credit services provider’s stock valued at $9,422,000 after acquiring an additional 33,200 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Regional Management by 21.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 182,666 shares of the credit services provider’s stock valued at $7,078,000 after purchasing an additional 32,075 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its position in Regional Management by 65.3% during the second quarter. Arrowstreet Capital Limited Partnership now owns 80,425 shares of the credit services provider’s stock valued at $2,349,000 after purchasing an additional 31,761 shares in the last quarter. 98.89% of the stock is currently owned by institutional investors.

About Regional Management

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.