Regional Management Corp (NYSE:RM) – Investment analysts at Jefferies Group boosted their Q2 2018 earnings estimates for shares of Regional Management in a report released on Wednesday. Jefferies Group analyst J. Hecht now expects that the credit services provider will post earnings of $0.75 per share for the quarter, up from their previous forecast of $0.69. Jefferies Group has a “Buy” rating and a $33.00 price objective on the stock.

A number of other research firms have also recently weighed in on RM. Zacks Investment Research raised Regional Management from a “sell” rating to a “hold” rating in a research report on Saturday, December 30th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $27.00 price objective on shares of Regional Management in a research report on Friday, December 22nd. BMO Capital Markets reaffirmed a “hold” rating and set a $32.00 price objective on shares of Regional Management in a research report on Monday. Finally, ValuEngine raised Regional Management from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 1st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $29.00.

Regional Management (NYSE RM) traded up $0.22 during trading on Thursday, reaching $27.21. The company’s stock had a trading volume of 80,400 shares, compared to its average volume of 68,000. Regional Management has a 52 week low of $18.31 and a 52 week high of $28.12. The company has a quick ratio of 39.39, a current ratio of 39.39 and a debt-to-equity ratio of 2.34. The firm has a market cap of $318.16, a PE ratio of 12.54 and a beta of 1.37.

In other Regional Management news, major shareholder Basswood Capital Management, L bought 13,786 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The stock was acquired at an average cost of $26.31 per share, with a total value of $362,709.66. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 9.50% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Second Curve Capital LLC raised its stake in shares of Regional Management by 67.5% during the 3rd quarter. Second Curve Capital LLC now owns 633,034 shares of the credit services provider’s stock worth $15,326,000 after buying an additional 255,000 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Regional Management by 4.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 835,364 shares of the credit services provider’s stock worth $20,224,000 after buying an additional 38,978 shares in the last quarter. Russell Investments Group Ltd. raised its stake in shares of Regional Management by 43.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 17,166 shares of the credit services provider’s stock worth $415,000 after buying an additional 5,236 shares in the last quarter. Prudential Financial Inc. raised its stake in shares of Regional Management by 6.2% during the 3rd quarter. Prudential Financial Inc. now owns 84,345 shares of the credit services provider’s stock worth $2,042,000 after buying an additional 4,952 shares in the last quarter. Finally, American Century Companies Inc. raised its stake in shares of Regional Management by 8.0% during the 3rd quarter. American Century Companies Inc. now owns 180,253 shares of the credit services provider’s stock worth $4,364,000 after buying an additional 13,351 shares in the last quarter. 86.40% of the stock is owned by institutional investors and hedge funds.

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About Regional Management

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.

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