Regional Management (RM) Raised to “Strong-Buy” at ValuEngine
Regional Management (NYSE:RM) was upgraded by analysts at ValuEngine from a “buy” rating to a “strong-buy” rating in a research note issued on Thursday.
A number of other research analysts have also commented on the company. Jefferies Group reiterated a “buy” rating and issued a $33.00 price objective on shares of Regional Management in a research report on Thursday, January 11th. Zacks Investment Research lowered Regional Management from a “hold” rating to a “sell” rating in a research report on Tuesday, November 14th. BMO Capital Markets reiterated a “hold” rating and issued a $25.00 price objective on shares of Regional Management in a research report on Sunday, November 12th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $27.00 price objective on shares of Regional Management in a research report on Friday, December 22nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $29.00.
Regional Management (NYSE:RM) opened at $27.40 on Thursday. The company has a market capitalization of $316.52, a price-to-earnings ratio of 12.63 and a beta of 1.42. The company has a debt-to-equity ratio of 2.34, a current ratio of 39.39 and a quick ratio of 39.39. Regional Management has a 12-month low of $18.31 and a 12-month high of $29.15.
In other news, major shareholder Basswood Capital Management, L sold 25,962 shares of the firm’s stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $27.55, for a total value of $715,253.10. The transaction was disclosed in a document filed with the SEC, which is available through this link. 9.50% of the stock is owned by company insiders.
Several large investors have recently bought and sold shares of RM. The Manufacturers Life Insurance Company lifted its holdings in Regional Management by 6.4% during the second quarter. The Manufacturers Life Insurance Company now owns 9,194 shares of the credit services provider’s stock worth $218,000 after acquiring an additional 554 shares in the last quarter. Tudor Investment Corp ET AL bought a new position in Regional Management during the second quarter worth about $219,000. First Trust Advisors LP bought a new position in Regional Management during the fourth quarter worth about $221,000. Eqis Capital Management Inc. bought a new position in Regional Management during the fourth quarter worth about $231,000. Finally, Bailard Inc. bought a new position in Regional Management during the fourth quarter worth about $326,000. Institutional investors and hedge funds own 87.21% of the company’s stock.
ILLEGAL ACTIVITY NOTICE: This report was reported by Daily Political and is the property of of Daily Political. If you are reading this report on another website, it was illegally stolen and republished in violation of U.S. & international copyright law. The correct version of this report can be read at https://www.dailypolitical.com/2018/02/10/regional-management-rm-raised-to-strong-buy-at-valuengine.html.
Regional Management Company Profile
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for Regional Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Regional Management and related companies with MarketBeat.com's FREE daily email newsletter.