Regional Management Corp. (RM) Shares Up 1.9%
Regional Management Corp. (NYSE:RM) shares shot up 1.9% during trading on Wednesday . The stock traded as high as $21.81 and last traded at $21.62, with a volume of 80,668 shares. The stock had previously closed at $21.22.
Several research firms have commented on RM. Keefe, Bruyette & Woods boosted 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. 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. Finally, BMO Capital Markets restated a “buy” rating and issued a $26.00 target price on shares of Regional Management Corp. in a report on Wednesday, July 27th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $21.20.
The stock’s 50-day moving average is $19.13 and its 200 day moving average is $16.91. The company has a market capitalization of $246.81 million and a price-to-earnings ratio of 11.07.
Regional Management Corp. (NYSE:RM) last posted its quarterly earnings results on Tuesday, July 26th. The company reported $0.53 earnings per share for the quarter, beating the Zacks’ 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, equities 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 20,000 shares of the firm’s stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $18.83, for a total value of $376,600.00. Following the completion of the transaction, the insider now directly owns 1,111,592 shares in the company, valued at $20,931,277.36. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
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.