Regional Management (NYSE:RM) Given New $28.00 Price Target at Keefe, Bruyette & Woods

Regional Management (NYSE:RM) had its target price upped by investment analysts at Keefe, Bruyette & Woods from $26.00 to $28.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage presently has a “market perform” rating on the credit services provider’s stock. Keefe, Bruyette & Woods’ price target suggests a potential downside of 1.20% from the stock’s current price.

RM has been the subject of a number of other research reports. Stephens reissued an “equal weight” rating and issued a $30.00 target price on shares of Regional Management in a report on Thursday, February 8th. StockNews.com raised Regional Management from a “buy” rating to a “strong-buy” rating in a research note on Thursday.

Regional Management Trading Up 3.7 %

RM opened at $28.34 on Friday. Regional Management has a twelve month low of $20.50 and a twelve month high of $34.60. The company has a 50-day simple moving average of $24.49 and a 200 day simple moving average of $24.21. The company has a quick ratio of 41.16, a current ratio of 41.17 and a debt-to-equity ratio of 4.33. The stock has a market capitalization of $279.72 million, a price-to-earnings ratio of 12.32 and a beta of 1.45.

Regional Management (NYSE:RM) last posted its quarterly earnings data on Wednesday, May 1st. The credit services provider reported $1.56 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.69. The business had revenue of $144.31 million during the quarter, compared to analysts’ expectations of $140.02 million. Regional Management had a net margin of 4.01% and a return on equity of 10.80%. During the same quarter in the prior year, the business posted $0.90 earnings per share. Analysts predict that Regional Management will post 3.88 EPS for the current fiscal year.

Insider Buying and Selling at Regional Management

In other news, Director Basswood Capital Management, L bought 15,000 shares of the firm’s stock in a transaction on Monday, March 11th. The stock was acquired at an average price of $24.59 per share, with a total value of $368,850.00. Following the transaction, the director now owns 475,484 shares of the company’s stock, valued at approximately $11,692,151.56. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Insiders own 9.80% of the company’s stock.

Institutional Trading of Regional Management

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets increased its stake in shares of Regional Management by 53.4% in the 1st quarter. BNP Paribas Financial Markets now owns 3,974 shares of the credit services provider’s stock valued at $96,000 after acquiring an additional 1,383 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Regional Management in the 4th quarter valued at $102,000. Hsbc Holdings PLC grew its position in Regional Management by 34.1% in the 3rd quarter. Hsbc Holdings PLC now owns 9,121 shares of the credit services provider’s stock valued at $258,000 after purchasing an additional 2,317 shares during the period. Barclays PLC grew its position in Regional Management by 15.3% in the 3rd quarter. Barclays PLC now owns 11,548 shares of the credit services provider’s stock valued at $319,000 after purchasing an additional 1,534 shares during the period. Finally, Quadrature Capital Ltd grew its position in Regional Management by 7.5% in the 4th quarter. Quadrature Capital Ltd now owns 13,634 shares of the credit services provider’s stock valued at $340,000 after purchasing an additional 957 shares during the period. Institutional investors and hedge funds own 98.89% of the company’s stock.

Regional Management Company Profile

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.