Regional Management (RM) Upgraded by Zacks Investment Research to Buy

Regional Management (NYSE:RM) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday. The firm currently has a $31.00 target price on the credit services provider’s stock. Zacks Investment Research‘s price objective suggests a potential upside of 9.85% from the stock’s current price.

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. “

Other equities analysts have also recently issued research reports about the company. Stephens reiterated a “hold” rating and set a $37.00 target price on shares of Regional Management in a report on Wednesday, August 1st. ValuEngine downgraded shares of Regional Management from a “buy” rating to a “hold” rating in a research note on Wednesday, July 25th. Finally, BMO Capital Markets increased their price objective on shares of Regional Management from $32.00 to $36.00 and gave the stock a “market perform” rating in a research note on Thursday, August 2nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. Regional Management presently has an average rating of “Hold” and an average price target of $32.20.

RM opened at $28.22 on Wednesday. The company has a debt-to-equity ratio of 2.26, a current ratio of 44.21 and a quick ratio of 44.21. Regional Management has a 12 month low of $22.04 and a 12 month high of $37.21. The firm has a market capitalization of $332.04 million, a P/E ratio of 12.49 and a beta of 0.81.

Regional Management (NYSE:RM) last released its quarterly earnings data on Thursday, November 8th. The credit services provider reported $0.85 EPS for the quarter, beating the Zacks’ consensus estimate of $0.83 by $0.02. Regional Management had a net margin of 12.02% and a return on equity of 13.74%. The business had revenue of $77.92 million during the quarter, compared to analysts’ expectations of $78.72 million. As a group, sell-side analysts forecast that Regional Management will post 3.05 earnings per share for the current fiscal year.

Institutional investors have recently bought and sold shares of the company. Sterling Capital Management LLC acquired a new position in shares of Regional Management during the 2nd quarter worth about $888,000. Mackay Shields LLC acquired a new stake in Regional Management in the 2nd quarter valued at about $284,000. Citadel Advisors LLC acquired a new stake in Regional Management in the 2nd quarter valued at about $600,000. Spark Investment Management LLC lifted its position in Regional Management by 15.2% during the second quarter. Spark Investment Management LLC now owns 66,700 shares of the credit services provider’s stock worth $2,335,000 after acquiring an additional 8,800 shares during the last quarter. Finally, California Public Employees Retirement System lifted its position in Regional Management by 12.0% during the second quarter. California Public Employees Retirement System now owns 44,006 shares of the credit services provider’s stock worth $1,541,000 after acquiring an additional 4,700 shares during the last quarter. Institutional investors own 85.92% of the company’s stock.

Regional Management Company Profile

Regional Management Corp., a diversified consumer finance company, provides various loan products primarily to customers with limited access to consumer credit from banks, thrifts, credit card companies, and other traditional lenders. The company offers small and large installment loans; automobile purchase loans; loans to finance the purchase of furniture, appliances, and other retail products; insurance products, including credit life, credit accident and health, credit property, vehicle single interest, and credit involuntary unemployment insurance; collateral protection insurance; and property insurance, as well as reinsurance products.

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