Regional Management (NYSE: RM – Get a Grade) saw its price target lowered by equity researchers at BMO Capital Markets from $58.00 to $52.00 in a report on Friday, reports The Fly. The BMO Capital Markets target price indicates upside potential of 32.69% from the current share price.
Other analysts have also recently published research reports on the company. Keefe, Bruyette & Woods cut their price target on regional management from $53.00 to $41.00 in a Monday, July 11 research report. StockNews.com upgraded regional leadership from a “strong buy” rating to a “buy” rating in a Friday, April 8 research report.
Regional Management Price Performance
NYSE RM shares were down $1.90 at midday on Friday, hitting $39.19. The company had a trading volume of 46,112 shares, compared to an average volume of 38,360. The company has a current ratio of 30.17, a quick ratio of 30.17 and a debt ratio of 3.76. The stock has a market capitalization of $379.05 million, a PE ratio of 4.86 and a beta of 1.38. The company has a 50-day moving average price of $40.75 and a two-hundred-day moving average price of $45.48. Regional management has a 1 year minimum of $36.50 and a 1 year maximum of $67.60.
Regional Management (NYSE:RM – Get Rating) last released its quarterly results on Wednesday, May 4. The credit services provider reported earnings per share of $2.67 for the quarter, beating consensus analyst estimates of $1.91 by $0.76. Regional Management posted a return on equity of 28.56% and a net margin of 17.23%. The company posted revenue of $120.85 million for the quarter, versus a consensus estimate of $117.18 million. In the same quarter a year earlier, the company posted earnings per share of $2.31. On average, equity analysts expect Regional Management to post 7.57 earnings per share for the current year.
Insider activity at regional management
Separately, director Sandra K. Johnson sold 1,687 shares of the company in a transaction dated Monday, May 23. The stock was sold at an average price of $44.77, for a total transaction of $75,526.99. As a result of the transaction, the administrator now directly owns 4,997 shares of the company, valued at $223,715.69. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 8.90% of the company’s shares.
Institutional investors weigh on regional management
Several large investors have recently changed their holdings in RM. Forager Capital Management LLC acquired a new stake in Regional Management during the 4th quarter for a value of approximately $25,332,000. Assenagon Asset Management SA acquired a new stake in Regional Management during the 4th quarter for a value of approximately $1,905,000. Charles Schwab Investment Management Inc. increased its position in regional management by 45.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 94,732 shares of the credit service provider worth $4,602,000 after acquiring 29,661 additional shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in Regional Management during Q4 for a value of approximately $1,496,000. Finally, BlackRock Inc. increased its position in Regional Management by 2.6% in the 1st quarter. BlackRock Inc. now owns 913,071 shares of the credit service provider worth $44,348,000 after acquiring 23,053 additional shares in the last quarter. 89.95% of the shares are currently held by institutional investors.
About regional management
(Get an assessment)
Regional Management Corp., a diversified consumer finance company, offers 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.
This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]
Before you consider regional management, you’ll want to hear this.
MarketBeat tracks Wall Street’s top-rated, top-performing research analysts daily and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market ripples…and regional direction wasn’t on the list.
While regional management currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
See the five actions here