Regional Management Corp. (RM) Hits New 1-Year High at $21.20
Regional Management Corp. (NYSE:RM)’s share price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $21.20 and last traded at $20.57, with a volume of 75,862 shares traded. The stock had previously closed at $20.73.
A number of brokerages have issued reports on RM. Jefferies Group restated a “buy” rating on shares of Regional Management Corp. in a report on Saturday, April 30th. Zacks Investment Research raised Regional Management Corp. from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 4th. BMO Capital Markets reaffirmed a “buy” rating and set a $26.00 price target on shares of Regional Management Corp. in a research report on Wednesday, July 27th. Finally, Keefe, Bruyette & Woods raised their price target on Regional Management Corp. from $17.50 to $19.00 and gave the stock a “market perform” rating in a research report on Thursday, July 28th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Regional Management Corp. presently has a consensus rating of “Hold” and a consensus target price of $21.20.
The stock has a market cap of $234.83 million and a price-to-earnings ratio of 10.53. The stock’s 50 day moving average price is $18.69 and its 200 day moving average price is $16.69.
Regional Management Corp. (NYSE:RM) last issued its earnings results on Tuesday, July 26th. The company reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.13. The firm earned $57.30 million during the quarter, compared to analyst estimates of $58.32 million. On average, equities research analysts expect that Regional Management Corp. will post $2.02 earnings per share for the current year.
In other Regional Management Corp. news, major shareholder Glen Capital Partners Focus Fu sold 125,656 shares of the company’s stock in a transaction dated Friday, July 29th. The stock was sold at an average price of $18.87, for a total value of $2,371,128.72. Following the sale, the insider now owns 1,217,038 shares in the company, valued at approximately $22,965,507.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.