Zacks Investment Research upgraded shares of Regional Management (NYSE:RM) from a sell rating to a hold rating in a report released on Wednesday morning.

According to Zacks, “Regional Management Corp. is a diversified specialty consumer finance company engaged in providing loan products primarily to customers with limited access to consumer credit from banks, thrifts, credit card companies and other traditional lenders. It offers Small Installment Loans, Large Installment Loans, Automobile Purchase Loans, Furniture and Appliance Purchase Loans and Insurance Products. The Company has operations primarily in South Carolina, Texas, North Carolina, Tennessee and Alabama. Regional Management Corp. is headquartered in Greenville, South Carolina. “

Other equities analysts have also recently issued research reports about the stock. TheStreet cut shares of Regional Management from a b rating to a c+ rating in a research report on Monday, July 16th. ValuEngine raised shares of Regional Management from a sell rating to a hold rating in a research report on Wednesday, October 17th. Stephens reissued a hold rating and set a $37.00 price objective on shares of Regional Management in a research report on Wednesday, August 1st. Finally, BMO Capital Markets increased their price objective on shares of Regional Management from $32.00 to $36.00 and gave the stock a market perform rating in a research report on Thursday, August 2nd. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of Hold and an average target price of $34.00.

Shares of RM stock traded down $1.02 on Wednesday, reaching $28.08. 46,673 shares of the company were exchanged, compared to its average volume of 57,379. The stock has a market capitalization of $346.17 million, a PE ratio of 11.21 and a beta of 0.81. The company has a debt-to-equity ratio of 2.28, a current ratio of 47.26 and a quick ratio of 47.26. Regional Management has a one year low of $21.50 and a one year high of $37.21.

Regional Management (NYSE:RM) last released its quarterly earnings data on Thursday, November 8th. The credit services provider reported $0.85 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.83 by $0.02. The company had revenue of $77.92 million for the quarter, compared to analysts’ expectations of $78.72 million. Regional Management had a net margin of 11.64% and a return on equity of 12.87%. On average, analysts anticipate that Regional Management will post 3.09 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Sterling Capital Management LLC acquired a new stake in shares of Regional Management in the 2nd quarter worth about $888,000. Mackay Shields LLC acquired a new stake in shares of Regional Management in the 2nd quarter worth about $284,000. Citadel Advisors LLC acquired a new stake in shares of Regional Management in the 2nd quarter worth about $600,000. California Public Employees Retirement System raised its holdings in shares of Regional Management by 13.3% in the 1st quarter. California Public Employees Retirement System now owns 39,306 shares of the credit services provider’s stock worth $1,252,000 after acquiring an additional 4,606 shares during the last quarter. Finally, Spark Investment Management LLC raised its holdings in shares of Regional Management by 15.2% in the 2nd quarter. Spark Investment Management LLC now owns 66,700 shares of the credit services provider’s stock worth $2,335,000 after acquiring an additional 8,800 shares during the last quarter. Institutional investors own 85.99% of the company’s stock.

About Regional Management

Regional Management Corp., a diversified consumer finance company, provides various loan products primarily to customers with limited access to consumer credit from banks, thrifts, credit card companies, and other traditional lenders. The company offers small and large installment loans; automobile purchase loans; loans to finance the purchase of furniture, appliances, and other retail products; insurance products, including credit life, credit accident and health, credit property, vehicle single interest, and credit involuntary unemployment insurance; collateral protection insurance; and property insurance, as well as reinsurance products.

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