Regional Management (NYSE:RM) Downgraded to “Buy” Rating by StockNews.com

Regional Management (NYSE:RM) was downgraded by StockNews.com from a “strong-buy” rating to a “buy” rating in a report issued on Sunday.

Separately, Keefe, Bruyette & Woods decreased their target price on Regional Management from $33.00 to $30.00 and set a “market perform” rating for the company in a research report on Friday.

Regional Management Stock Performance

Shares of NYSE RM opened at $27.59 on Friday. The company has a market capitalization of $276.87 million, a P/E ratio of 6.63 and a beta of 1.27. The stock has a 50 day moving average of $30.90 and a 200-day moving average of $32.27. Regional Management has a 12 month low of $25.41 and a 12 month high of $37.52. The company has a current ratio of 44.42, a quick ratio of 44.42 and a debt-to-equity ratio of 3.94.

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

Insider Buying and Selling

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of RM. Tower Research Capital LLC TRC increased its position in Regional Management by 49.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,019 shares of the credit services provider’s stock worth $35,000 after buying an additional 339 shares in the last quarter. BNP Paribas Financial Markets lifted its position in Regional Management by 16.2% during the fourth quarter. BNP Paribas Financial Markets now owns 2,162 shares of the credit services provider’s stock valued at $73,000 after purchasing an additional 301 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Regional Management by 15.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,233 shares of the credit services provider’s stock valued at $138,000 after acquiring an additional 572 shares during the last quarter. SG Americas Securities LLC raised its position in Regional Management by 38.0% during the fourth quarter. SG Americas Securities LLC now owns 4,425 shares of the credit services provider’s stock valued at $150,000 after purchasing an additional 1,218 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Regional Management by 8.9% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,792 shares of the credit services provider’s stock valued at $163,000 after purchasing an additional 390 shares during the last quarter. 98.89% of the stock is owned by institutional investors.

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.