Regional Management Corp. (RM) Sets New 12-Month High at $21.83
Regional Management Corp. (NYSE:RM)’s share price hit a new 52-week high 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 recent research reports. Keefe, Bruyette & Woods raised their price objective on shares of Regional Management Corp. from $17.50 to $19.00 and gave the company a “market perform” rating in a research report on Thursday, July 28th. Zacks Investment Research raised shares of Regional Management Corp. from a “sell” rating to a “hold” rating and set a $22.00 price objective on the stock in a research report on Friday, July 29th. Finally, BMO Capital Markets reaffirmed a “buy” rating and set a $26.00 price objective on shares of Regional Management Corp. in a research report on Wednesday, July 27th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $21.20.
The company’s 50-day moving average price is $19.42 and its 200-day moving average price is $16.98. The stock has a market cap of $249.67 million and a P/E ratio of 11.20.
Regional Management Corp. (NYSE:RM) last posted its quarterly earnings data on Tuesday, July 26th. The company reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.13. The firm had revenue of $57.30 million for the quarter, compared to the consensus estimate of $58.32 million. On average, equities research analysts forecast that Regional Management Corp. will post $2.02 EPS for the current year.
In other Regional Management Corp. news, major shareholder Glen Capital Partners Focus Fu sold 125,656 shares of the 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 owns 1,217,038 shares in the company, valued at approximately $22,965,507.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through 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.
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