Keefe, Bruyette & Woods Issues Pessimistic Forecast for Regional Management (NYSE:RM) Stock Price

Regional Management (NYSE:RM) had its price target cut by investment analysts at Keefe, Bruyette & Woods from $33.00 to $30.00 in a report issued on Friday,Benzinga reports. The brokerage currently has a “market perform” rating on the credit services provider’s stock. Keefe, Bruyette & Woods’ target price would suggest a potential upside of 8.74% from the company’s previous close.

Separately, StockNews.com upgraded Regional Management from a “buy” rating to a “strong-buy” rating in a report on Saturday, April 26th.

Regional Management Trading Down 0.1 %

RM opened at $27.59 on Friday. Regional Management has a 1-year low of $25.41 and a 1-year high of $37.52. The stock has a market capitalization of $276.87 million, a PE ratio of 6.63 and a beta of 1.27. The company has a current ratio of 44.42, a quick ratio of 44.42 and a debt-to-equity ratio of 3.94. The firm has a 50-day moving average price of $30.90 and a two-hundred day moving average price of $32.27.

Regional Management (NYSE:RM) last issued its quarterly earnings results on Wednesday, April 30th. The credit services provider reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.03. Regional Management had a net margin of 7.01% and a return on equity of 13.20%. The business had revenue of $152.97 million during the quarter, compared to analyst estimates of $153.59 million. As a group, equities analysts anticipate that Regional Management will post 4.7 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Robert William Beck sold 13,000 shares of the stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $36.71, for a total value of $477,230.00. Following the sale, the chief executive officer now directly owns 101,673 shares in the company, valued at $3,732,415.83. This trade represents a 11.34 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 10.50% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Regional Management

Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of Regional Management by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 454,637 shares of the credit services provider’s stock valued at $15,449,000 after buying an additional 1,205 shares during the period. Twin Lions Management LLC acquired a new position in Regional Management in the fourth quarter valued at about $11,157,000. Tieton Capital Management LLC raised its position in shares of Regional Management by 23.5% during the fourth quarter. Tieton Capital Management LLC now owns 255,251 shares of the credit services provider’s stock worth $8,673,000 after purchasing an additional 48,541 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of Regional Management by 10.6% during the 4th quarter. Renaissance Technologies LLC now owns 228,937 shares of the credit services provider’s stock valued at $7,779,000 after purchasing an additional 21,990 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Regional Management by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 192,856 shares of the credit services provider’s stock valued at $6,555,000 after purchasing an additional 1,033 shares during the period. Institutional investors own 98.89% 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.