Regional Management Corp. (RM) Trading 2.1% Higher
Regional Management Corp. (NYSE:RM) shares traded up 2.1% during mid-day trading on Monday . The stock traded as high as $20.49 and last traded at $20.30, with a volume of 77,301 shares. The stock had previously closed at $19.88.
Several research analysts have issued reports on the stock. Jefferies Group reiterated a “buy” rating on shares of Regional Management Corp. in a report on Saturday, April 30th. Zacks Investment Research upgraded shares of Regional Management Corp. from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 4th. BMO Capital Markets reiterated a “buy” rating and set a $26.00 target price on shares of Regional Management Corp. in a report on Wednesday, July 27th. Finally, Keefe, Bruyette & Woods increased 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 report on Thursday, July 28th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $21.20.
The stock has a market cap of $231.74 million and a price-to-earnings ratio of 10.39. The firm’s 50 day moving average price is $18.11 and its 200-day moving average price is $16.51.
Regional Management Corp. (NYSE:RM) last announced its quarterly earnings results 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 firm had revenue of $57.30 million for the quarter, compared to analyst estimates of $58.32 million. On average, equities analysts predict that Regional Management Corp. will post $2.02 earnings per share for the current fiscal year.
In related news, major shareholder Glen Capital Partners Focus Fu sold 8,613 shares of the business’s 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 directly owns 1,258,496 shares in the company, valued at approximately $22,426,398.72. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
A hedge fund recently raised its stake in Regional Management Corp. stock. Schwab Charles Investment Management Inc. increased its stake in shares of Regional Management Corp. (NYSE:RM) by 254.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 84,047 shares of the company’s stock after buying an additional 60,360 shares during the period. Schwab Charles Investment Management Inc. owned about 0.65% of Regional Management Corp. worth $1,301,000 at the end of the most recent quarter.
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.