DA Davidson reiterated their neutral rating on shares of Regional Management Corp. (NYSE:RM) in a research note published on Tuesday morning, Marketbeat reports. The brokerage currently has a $27.00 price target on the credit services provider’s stock.

RM has been the topic of several other reports. Zacks Investment Research raised shares of Regional Management Corp. from a sell rating to a hold rating in a research note on Friday, May 5th. ValuEngine raised shares of Regional Management Corp. from a buy rating to a strong-buy rating in a research note on Saturday, June 10th. JMP Securities raised shares of Regional Management Corp. from a market perform rating to an outperform rating and set a $28.00 target price on the stock in a research note on Tuesday, June 13th. Keefe, Bruyette & Woods reaffirmed a hold rating and issued a $22.00 target price on shares of Regional Management Corp. in a research note on Tuesday, April 11th. Finally, BMO Capital Markets reaffirmed a hold rating and issued a $26.00 target price on shares of Regional Management Corp. in a research note on Tuesday, April 11th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of $26.00.

Regional Management Corp. (NYSE:RM) traded down 0.57% during midday trading on Tuesday, hitting $24.39. 17,994 shares of the stock were exchanged. The stock has a market cap of $283.41 million, a PE ratio of 10.84 and a beta of 1.36. Regional Management Corp. has a 1-year low of $16.78 and a 1-year high of $27.56. The company’s 50 day moving average is $22.96 and its 200-day moving average is $21.90.

Regional Management Corp. (NYSE:RM) last issued its earnings results on Tuesday, May 2nd. The credit services provider reported $0.65 EPS for the quarter, topping the consensus estimate of $0.56 by $0.09. Regional Management Corp. had a net margin of 10.61% and a return on equity of 13.37%. The company had revenue of $65.82 million for the quarter, compared to the consensus estimate of $63.01 million. On average, analysts expect that Regional Management Corp. will post $2.02 earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: “Regional Management Corp. (RM) Earns Neutral Rating from DA Davidson” was originally reported by Daily Political and is the property of of Daily Political. If you are reading this piece on another domain, it was illegally stolen and republished in violation of US and international copyright legislation. The original version of this piece can be accessed at https://www.dailypolitical.com/2017/07/21/regional-management-corp-rm-earns-neutral-rating-from-da-davidson.html.

In related news, Director Michael R. Dunn sold 12,681 shares of Regional Management Corp. stock in a transaction on Wednesday, May 3rd. The shares were sold at an average price of $20.88, for a total value of $264,779.28. Following the sale, the director now owns 105,213 shares in the company, valued at $2,196,847.44. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Michael R. Dunn sold 17,859 shares of Regional Management Corp. stock in a transaction on Thursday, April 27th. The shares were sold at an average price of $20.79, for a total transaction of $371,288.61. Following the completion of the sale, the director now owns 127,691 shares in the company, valued at approximately $2,654,695.89. The disclosure for this sale can be found here. In the last quarter, insiders sold 53,657 shares of company stock worth $1,104,881. 9.50% of the stock is currently owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in RM. American International Group Inc. boosted its stake in Regional Management Corp. by 7.1% in the first quarter. American International Group Inc. now owns 6,512 shares of the credit services provider’s stock valued at $127,000 after buying an additional 430 shares during the period. Prudential Financial Inc. boosted its stake in Regional Management Corp. by 136.6% in the first quarter. Prudential Financial Inc. now owns 45,793 shares of the credit services provider’s stock valued at $890,000 after buying an additional 26,440 shares during the period. Oxford Asset Management boosted its stake in Regional Management Corp. by 23.6% in the first quarter. Oxford Asset Management now owns 124,708 shares of the credit services provider’s stock valued at $2,423,000 after buying an additional 23,788 shares during the period. Bank of New York Mellon Corp boosted its stake in Regional Management Corp. by 2.7% in the first quarter. Bank of New York Mellon Corp now owns 72,778 shares of the credit services provider’s stock valued at $1,414,000 after buying an additional 1,888 shares during the period. Finally, LSV Asset Management boosted its stake in Regional Management Corp. by 10.5% in the first quarter. LSV Asset Management now owns 658,699 shares of the credit services provider’s stock valued at $12,798,000 after buying an additional 62,500 shares during the period. Institutional investors and hedge funds own 88.37% of the company’s stock.

About Regional Management Corp.

Regional Management Corp. is a diversified consumer finance company. The Company provides an array 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 payment and collateral protection insurance products.

Analyst Recommendations for Regional Management Corp. (NYSE:RM)

Receive News & Ratings for Regional Management Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Regional Management Corp. and related companies with MarketBeat.com's FREE daily email newsletter.