Regional Management (NYSE:RM) Downgraded by Wall Street Zen to “Buy”

Regional Management (NYSE:RM) was downgraded by analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a report released on Saturday.

Several other brokerages also recently commented on RM. Zacks Research downgraded Regional Management from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 6th. Weiss Ratings restated a “hold (c+)” rating on shares of Regional Management in a research note on Monday. Two investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average target price of $30.00.

Regional Management Price Performance

Regional Management stock opened at $36.85 on Friday. Regional Management has a fifty-two week low of $25.41 and a fifty-two week high of $46.00. The firm has a fifty day moving average price of $39.71 and a two-hundred day moving average price of $35.26. The firm has a market cap of $357.89 million, a price-to-earnings ratio of 10.62 and a beta of 1.25.

Regional Management (NYSE:RM) last posted its quarterly earnings data on Wednesday, November 5th. The credit services provider reported $1.42 EPS for the quarter, topping analysts’ consensus estimates of $1.39 by $0.03. Regional Management had a return on equity of 10.91% and a net margin of 5.68%.The business had revenue of $165.49 million for the quarter, compared to analyst estimates of $162.84 million. As a group, sell-side analysts expect that Regional Management will post 4.7 earnings per share for the current year.

Institutional Trading of Regional Management

A number of institutional investors and hedge funds have recently modified their holdings of RM. Wexford Capital LP bought a new position in Regional Management in the third quarter worth $32,000. Ameritas Investment Partners Inc. raised its stake in shares of Regional Management by 41.1% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 947 shares of the credit services provider’s stock valued at $28,000 after buying an additional 276 shares in the last quarter. Advisory Services Network LLC bought a new position in shares of Regional Management during the 3rd quarter worth about $39,000. US Bancorp DE acquired a new stake in shares of Regional Management during the 1st quarter valued at about $31,000. Finally, CWM LLC boosted its position in shares of Regional Management by 43.7% during the 3rd quarter. CWM LLC now owns 1,065 shares of the credit services provider’s stock valued at $41,000 after acquiring an additional 324 shares in the last quarter. 98.89% of the stock is currently 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.