Regional Management (NYSE:RM) Rating Lowered to Hold at Wall Street Zen

Regional Management (NYSE:RM) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Sunday, Wall Street Zen reports.

Other research analysts also recently issued reports about the stock. Weiss Ratings upgraded shares of Regional Management from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, September 21st. Citizens Jmp dropped their target price on Regional Management from $45.00 to $43.00 and set a “market outperform” rating on the stock in a report on Thursday, July 30th. Finally, Citigroup reiterated a “market outperform” rating on shares of Regional Management in a research report on Thursday, July 30th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $43.00.

Regional Management Stock Up 3.4%

Shares of Regional Management stock opened at $32.89 on Friday. The company has a debt-to-equity ratio of 4.41, a current ratio of 64.04 and a quick ratio of 64.04. Regional Management has a 1 year low of $29.89 and a 1 year high of $44.29. The firm’s 50-day moving average is $32.89 and its two-hundred day moving average is $35.73. The stock has a market cap of $303.58 million, a price-to-earnings ratio of 6.92 and a beta of 1.02.

Regional Management (NYSE:RM) last posted its earnings results on Wednesday, July 29th. The credit services provider reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.04. Regional Management had a return on equity of 12.49% and a net margin of 6.98%.The company had revenue of $168.01 million for the quarter, compared to analyst estimates of $165.69 million.

Insiders Place Their Bets

In related news, CEO Lakhbir Lamba purchased 6,500 shares of the business’s stock in a transaction that occurred on Tuesday, August 11th. The stock was purchased at an average price of $31.59 per share, with a total value of $205,335.00. Following the completion of the acquisition, the chief executive officer owned 52,234 shares in the company, valued at $1,650,072.06. This trade represents a 14.21% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Steven B. Barnette sold 3,274 shares of the business’s stock in a transaction dated Friday, July 10th. The shares were sold at an average price of $43.30, for a total transaction of $141,764.20. Following the transaction, the chief accounting officer directly owned 13,472 shares in the company, valued at approximately $583,337.60. The trade was a 19.55% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 32,796 shares of company stock valued at $1,093,641 in the last ninety days. 10.90% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Regional Management

Several institutional investors have recently bought and sold shares of the company. Man Group plc acquired a new position in Regional Management during the 2nd quarter worth approximately $2,268,000. Tieton Capital Management LLC purchased a new stake in shares of Regional Management in the 2nd quarter valued at approximately $13,112,000. Bank of New York Mellon Corp acquired a new stake in shares of Regional Management in the 2nd quarter valued at $3,163,000. BlackRock Inc. acquired a new stake in shares of Regional Management in the 2nd quarter valued at $47,514,000. Finally, Globeflex Capital L P purchased a new stake in shares of Regional Management during the 2nd quarter worth $1,428,000. 98.89% of the stock is owned by institutional investors and hedge funds.

Regional Management Company Profile

Regional Management Corp. (NYSE: RM) is a consumer finance company that provides personal installment loans to individuals who may have limited access to traditional bank credit. The company primarily serves non-prime borrowers through a combination of branch-based and online lending channels.

Its products generally include secured and unsecured consumer loans, along with optional insurance and other ancillary offerings. Regional Management evaluates borrowers based on their individual financial circumstances and provides loan services designed to meet personal, household and other consumer needs.

Founded in 1987 and headquartered in Greer, South Carolina, the company operates through a network of branches serving customers across several southeastern and southern U.S.