Regional Management Corp. (RM) Hits New 52-Week High at $20.03
Regional Management Corp. (NYSE:RM) hit a new 52-week high on Friday . The company traded as high as $20.03 and last traded at $19.94, with a volume of 26,548 shares trading hands. The stock had previously closed at $19.77.
A number of brokerages recently weighed in on RM. Zacks Investment Research raised shares of Regional Management Corp. from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 4th. Jefferies Group reaffirmed a “buy” rating on shares of Regional Management Corp. in a research note on Saturday, April 30th. Keefe, Bruyette & Woods lifted their target price on shares of Regional Management Corp. from $17.50 to $19.00 and gave the stock a “market perform” rating in a research note on Thursday, July 28th. Finally, BMO Capital Markets reaffirmed a “buy” rating and issued a $26.00 target price on shares of Regional Management Corp. in a research note on Wednesday, July 27th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $21.20.
The firm has a market cap of $227.41 million and a P/E ratio of 10.20. The company’s 50 day moving average price is $16.24 and its 200-day moving average price is $15.90.
Regional Management Corp. (NYSE:RM) last announced its earnings results on Tuesday, July 26th. The company reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.13. The company had revenue of $57.30 million for the quarter, compared to analyst estimates of $58.32 million. Analysts expect that Regional Management Corp. will post $2.02 EPS for the current fiscal year.
In other Regional Management Corp. news, major shareholder Glen Capital Partners Focus Fu sold 8,613 shares of the firm’s stock in a transaction dated Wednesday, June 8th. The stock was sold at an average price of $17.82, for a total value of $153,483.66. Following the transaction, the insider now directly owns 1,258,496 shares of the company’s stock, valued at $22,426,398.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
An institutional investor recently bought a new position in Regional Management Corp. stock. Matarin Capital Management LLC acquired a new stake in shares of Regional Management Corp. (NYSE:RM) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 69,275 shares of the company’s stock, valued at approximately $1,072,000. Matarin Capital Management LLC owned about 0.54% of Regional Management Corp. at the end of the most recent reporting period.
Regional Management Corp. is a diversified specialty consumer finance company. The Company provides a range 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 credit insurance products.
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