Regional Management Corp. (RM) Sets New 1-Year High at $21.83
Regional Management Corp. (NYSE:RM)’s share price reached a new 52-week high during trading on Thursday . The stock traded as high as $21.83 and last traded at $21.32, with a volume of 19,241 shares trading hands. The stock had previously closed at $21.62.
RM has been the topic of several research reports. Zacks Investment Research upgraded shares of Regional Management Corp. from a “sell” rating to a “hold” rating and set a $22.00 price target on the stock in a research note on Friday, July 29th. Keefe, Bruyette & Woods upped their price target on shares of Regional Management Corp. from $17.50 to $19.00 and gave the company a “market perform” rating in a research note on Thursday, July 28th. Finally, BMO Capital Markets restated a “buy” rating and issued a $26.00 price target on shares of Regional Management Corp. in a research note on Wednesday, July 27th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Regional Management Corp. has an average rating of “Hold” and a consensus price target of $21.20.
The stock has a 50 day moving average price of $19.13 and a 200 day moving average price of $16.91. The stock has a market cap of $244.76 million and a PE ratio of 10.98.
Regional Management Corp. (NYSE:RM) last issued its quarterly earnings data on Tuesday, July 26th. The company reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.13. The company had revenue of $57.30 million for the quarter, compared to the consensus estimate of $58.32 million. Analysts predict 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 125,656 shares of the firm’s stock in a transaction on Friday, July 29th. The stock was sold at an average price of $18.87, for a total transaction of $2,371,128.72. Following the transaction, the insider now directly owns 1,217,038 shares in the company, valued at approximately $22,965,507.06. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
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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