Regional Management (NYSE:RM)‘s stock had its “buy” rating restated by analysts at Jefferies Group in a report released on Thursday. They currently have a $33.00 price objective on the credit services provider’s stock. Jefferies Group’s price objective suggests a potential upside of 16.77% from the stock’s current price. Jefferies Group also issued estimates for Regional Management’s Q4 2017 earnings at $0.64 EPS, Q1 2018 earnings at $0.77 EPS, Q2 2018 earnings at $0.75 EPS, Q3 2018 earnings at $0.83 EPS, Q4 2018 earnings at $0.93 EPS and FY2018 earnings at $3.28 EPS.
RM has been the subject of a number of other reports. BMO Capital Markets reissued a “hold” rating and set a $25.00 target price on shares of Regional Management in a research note on Sunday, November 12th. ValuEngine raised shares of Regional Management from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 1st. Zacks Investment Research raised shares of Regional Management from a “hold” rating to a “buy” rating and set a $31.00 target price for the company in a research note on Wednesday, January 10th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $27.00 target price on shares of Regional Management in a research note on Friday, December 22nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $29.00.
Shares of Regional Management (RM) traded up $0.70 during trading hours on Thursday, hitting $28.26. 121,600 shares of the company were exchanged, compared to its average volume of 70,178. The company has a current ratio of 39.39, a quick ratio of 39.39 and a debt-to-equity ratio of 2.34. Regional Management has a twelve month low of $18.31 and a twelve month high of $28.30. The company has a market cap of $329.70, a P/E ratio of 13.02 and a beta of 1.38.
In other news, major shareholder Basswood Capital Management, L bought 7,881 shares of Regional Management stock in a transaction on Saturday, December 29th. The stock was purchased at an average cost of $26.40 per share, with a total value of $208,058.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 9.50% of the company’s stock.
Several large investors have recently modified their holdings of the company. Teachers Advisors LLC lifted its stake in shares of Regional Management by 0.9% in the 2nd quarter. Teachers Advisors LLC now owns 17,045 shares of the credit services provider’s stock worth $403,000 after acquiring an additional 152 shares during the period. The Manufacturers Life Insurance Company lifted its stake in shares of Regional Management by 6.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 9,194 shares of the credit services provider’s stock worth $218,000 after acquiring an additional 554 shares during the period. Russell Investments Group Ltd. lifted its stake in shares of Regional Management by 22.9% in the 2nd quarter. Russell Investments Group Ltd. now owns 11,930 shares of the credit services provider’s stock worth $281,000 after acquiring an additional 2,219 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Regional Management by 3.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 121,725 shares of the credit services provider’s stock worth $2,876,000 after acquiring an additional 3,700 shares during the period. Finally, Public Employees Retirement System of Ohio lifted its stake in shares of Regional Management by 18.1% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 31,834 shares of the credit services provider’s stock worth $752,000 after acquiring an additional 4,881 shares during the period. 86.40% of the stock is owned by institutional investors.
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About Regional Management
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.
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