Citizens Jmp Lowers Regional Management (NYSE:RM) Price Target to $43.00

Regional Management (NYSE:RM) had its target price reduced by research analysts at Citizens Jmp from $45.00 to $43.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has a “market outperform” rating on the credit services provider’s stock. Citizens Jmp’s price target would suggest a potential upside of 33.11% from the company’s previous close.

A number of other brokerages have also weighed in on RM. Weiss Ratings upgraded Regional Management from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, June 26th. Citigroup reissued a “market outperform” rating on shares of Regional Management in a research note on Thursday. Finally, Wall Street Zen raised Regional Management from a “buy” rating to a “strong-buy” rating in a research report on Sunday, July 12th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $43.00.

Regional Management Stock Up 0.1%

Shares of RM opened at $32.30 on Thursday. Regional Management has a 1 year low of $30.46 and a 1 year high of $46.00. The firm has a market cap of $297.53 million, a P/E ratio of 6.80 and a beta of 1.01. The stock has a 50 day simple moving average of $39.13 and a two-hundred day simple moving average of $36.50. The company has a debt-to-equity ratio of 4.30, a current ratio of 59.88 and a quick ratio of 59.88.

Regional Management (NYSE:RM) last issued its earnings results on Wednesday, July 29th. The credit services provider reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.04. Regional Management had a net margin of 6.98% and a return on equity of 12.53%. The company had revenue of $168.01 million for the quarter, compared to analysts’ expectations of $165.69 million.

Insider Activity at Regional Management

In other Regional Management news, CAO Steven B. Barnette sold 3,274 shares of the firm’s stock in a transaction dated Friday, July 10th. The shares were sold at an average price of $43.30, for a total transaction of $141,764.20. Following the completion of the sale, the chief accounting officer directly owned 13,472 shares in the company, valued at approximately $583,337.60. This trade represents a 19.55% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Catherine R. Atwood sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $35.06, for a total transaction of $105,180.00. Following the completion of the transaction, the senior vice president owned 40,942 shares in the company, valued at approximately $1,435,426.52. This represents a 6.83% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 8,874 shares of company stock valued at $350,208. 10.90% of the stock is owned by insiders.

Hedge Funds Weigh In On Regional Management

A number of hedge funds have recently bought and sold shares of RM. LSV Asset Management grew its stake in shares of Regional Management by 7.7% in the fourth quarter. LSV Asset Management now owns 338,832 shares of the credit services provider’s stock worth $13,130,000 after acquiring an additional 24,232 shares during the period. State of Alaska Department of Revenue bought a new stake in Regional Management during the fourth quarter valued at approximately $25,000. SG Americas Securities LLC purchased a new stake in shares of Regional Management in the 4th quarter worth $112,000. Allspring Global Investments Holdings LLC raised its stake in shares of Regional Management by 8.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 10,718 shares of the credit services provider’s stock worth $421,000 after buying an additional 831 shares during the period. Finally, Quantinno Capital Management LP raised its stake in Regional Management by 93.8% during the 1st quarter. Quantinno Capital Management LP now owns 23,621 shares of the credit services provider’s stock worth $762,000 after acquiring an additional 11,432 shares during the period. Hedge funds and other institutional investors own 98.89% of the company’s stock.

About Regional Management

Regional Management Corp., headquartered in Wilmington, North Carolina, is a consumer finance company specializing in installment loan products for underbanked individuals. Since its founding in 1977, the company has developed a network of field-based branches alongside a digital platform to offer credit solutions in rural and small-town markets across the United States.

The company’s core offerings include consumer installment loans for everyday purchases, auto refinancing and lease buyouts, as well as ancillary services such as insurance referrals.