Regional Management Corp. (RM) Hits New 12-Month High at $20.03
Regional Management Corp. (NYSE:RM) shares hit a new 52-week high during mid-day trading on Friday . The company traded as high as $20.03 and last traded at $19.94, with a volume of 26,548 shares traded. The stock had previously closed at $19.77.
A number of research analysts have issued reports on RM shares. Jefferies Group restated a “buy” rating on shares of Regional Management Corp. in a research report on Saturday, April 30th. BMO Capital Markets reaffirmed a “buy” rating and set a $26.00 price target on shares of Regional Management Corp. in a report on Wednesday, July 27th. Zacks Investment Research raised shares of Regional Management Corp. from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 4th. Finally, Keefe, Bruyette & Woods upped their price target on shares of Regional Management Corp. from $17.50 to $19.00 and gave the stock a “market perform” rating in a report on Thursday, July 28th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $21.20.
The company’s 50-day moving average is $16.40 and its 200 day moving average is $15.93. The company has a market capitalization of $227.41 million and a price-to-earnings ratio of 10.20.
Regional Management Corp. (NYSE:RM) last announced its quarterly earnings data on Tuesday, July 26th. The company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.40 by $0.13. The company earned $57.30 million during the quarter, compared to the consensus estimate of $58.32 million. On average, 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 8,613 shares of Regional Management Corp. stock in a transaction dated Wednesday, June 8th. The shares were sold at an average price of $17.82, for a total value of $153,483.66. Following the sale, the insider now owns 1,258,496 shares of the company’s stock, valued at $22,426,398.72. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
A hedge fund recently bought a new stake 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 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 approximately 0.54% of Regional Management Corp. as of its most recent SEC filing.
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.