Stephens Lowers Regional Management (NYSE:RM) Price Target to $30.00

Regional Management (NYSE:RM) had its target price dropped by analysts at Stephens from $38.00 to $30.00 in a research note issued on Thursday, Benzinga reports. The firm currently has an “equal weight” rating on the credit services provider’s stock. Stephens’ price objective would suggest a potential upside of 28.04% from the company’s previous close.

Separately, StockNews.com upgraded shares of Regional Management from a “buy” rating to a “strong-buy” rating in a report on Thursday.

Regional Management Stock Performance

RM opened at $23.43 on Thursday. The stock has a market capitalization of $230.55 million, a price-to-earnings ratio of 8.71 and a beta of 1.57. The company has a fifty day moving average of $26.36 and a 200 day moving average of $28.16. Regional Management has a fifty-two week low of $20.91 and a fifty-two week high of $38.34. The company has a debt-to-equity ratio of 4.16, a quick ratio of 59.19 and a current ratio of 59.19.

Regional Management (NYSE:RM) last issued its quarterly earnings data on Wednesday, August 2nd. The credit services provider reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.15. Regional Management had a net margin of 4.78% and a return on equity of 9.06%. The business had revenue of $133.48 million during the quarter, compared to analysts’ expectations of $132.46 million. As a group, sell-side analysts forecast that Regional Management will post 3.44 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Basswood Capital Management, L acquired 35,651 shares of the company’s stock in a transaction that occurred on Wednesday, September 6th. The stock was purchased at an average price of $27.04 per share, with a total value of $964,003.04. Following the completion of the acquisition, the director now owns 530,881 shares of the company’s stock, valued at approximately $14,355,022.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 9.80% of the stock is currently owned by company insiders.

Institutional Trading of Regional Management

Several hedge funds have recently made changes to their positions in the business. PNC Financial Services Group Inc. purchased a new position in Regional Management in the second quarter worth approximately $28,000. Tower Research Capital LLC TRC lifted its position in shares of Regional Management by 145.6% during the 1st quarter. Tower Research Capital LLC TRC now owns 1,999 shares of the credit services provider’s stock worth $52,000 after buying an additional 1,185 shares during the last quarter. Quantbot Technologies LP lifted its position in shares of Regional Management by 120.0% during the 1st quarter. Quantbot Technologies LP now owns 1,100 shares of the credit services provider’s stock worth $53,000 after buying an additional 600 shares during the last quarter. BNP Paribas Arbitrage SA lifted its position in shares of Regional Management by 76.4% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 1,977 shares of the credit services provider’s stock worth $74,000 after buying an additional 856 shares during the last quarter. Finally, Citigroup Inc. lifted its position in shares of Regional Management by 3,461.6% during the 2nd quarter. Citigroup Inc. now owns 2,600 shares of the credit services provider’s stock worth $79,000 after buying an additional 2,527 shares during the last quarter. Institutional investors and hedge funds own 80.25% of the company’s stock.

About Regional Management

Regional Management Corp., a diversified consumer finance company, provides various installment loan products primarily to customers with limited access to consumer credit from banks, thrifts, credit card companies, and other lenders in the United States. It offers small and large installment loans; and retail loans to finance the purchase of furniture, appliances, and other retail products.