Regional Management Corp. (NYSE:RM) Downgraded to “Sell” at BidaskClub

BidaskClub cut shares of Regional Management Corp. (NYSE:RM) from a hold rating to a sell rating in a report published on Wednesday, August 2nd.

A number of other brokerages also recently commented on RM. BMO Capital Markets reaffirmed a hold rating and issued a $26.00 price target on shares of Regional Management Corp. in a report on Tuesday, April 11th. Zacks Investment Research raised shares of Regional Management Corp. from a sell rating to a hold rating in a report on Tuesday, April 4th. TheStreet raised shares of Regional Management Corp. from a c+ rating to a b- rating in a research note on Thursday, July 6th. DA Davidson reissued a neutral rating and issued a $27.00 price objective on shares of Regional Management Corp. in a research note on Tuesday, July 18th. Finally, Keefe, Bruyette & Woods reissued a hold rating and issued a $22.00 price objective on shares of Regional Management Corp. in a research note on Tuesday, April 11th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of Hold and an average target price of $25.83.

Regional Management Corp. (RM) traded down 0.09% on Wednesday, hitting $22.71. The company had a trading volume of 24,315 shares. The stock has a market capitalization of $264.62 million, a PE ratio of 9.97 and a beta of 1.36. Regional Management Corp. has a one year low of $18.31 and a one year high of $27.56. The stock has a 50 day moving average of $23.87 and a 200-day moving average of $21.78.

Regional Management Corp. (NYSE:RM) last announced its quarterly earnings results on Tuesday, August 1st. The credit services provider reported $0.55 EPS for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.06. Regional Management Corp. had a net margin of 10.37% and a return on equity of 12.98%. The firm had revenue of $65.34 million during the quarter, compared to the consensus estimate of $65 million. During the same quarter last year, the firm earned $0.49 EPS. The firm’s revenue for the quarter was up 14.0% compared to the same quarter last year. Equities analysts anticipate that Regional Management Corp. will post $2.02 EPS for the current year.

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Institutional investors have recently modified their holdings of the company. Wellington Management Group LLP raised its position in shares of Regional Management Corp. by 9.9% in the first quarter. Wellington Management Group LLP now owns 1,146,282 shares of the credit services provider’s stock valued at $22,272,000 after buying an additional 103,176 shares during the last quarter. O Shaughnessy Asset Management LLC raised its position in shares of Regional Management Corp. by 23.7% in the first quarter. O Shaughnessy Asset Management LLC now owns 11,346 shares of the credit services provider’s stock valued at $220,000 after buying an additional 2,172 shares during the last quarter. Spark Investment Management LLC raised its position in shares of Regional Management Corp. by 39.8% in the first quarter. Spark Investment Management LLC now owns 96,210 shares of the credit services provider’s stock valued at $1,869,000 after buying an additional 27,410 shares during the last quarter. American International Group Inc. raised its position in shares of Regional Management Corp. by 7.1% in the first quarter. American International Group Inc. now owns 6,512 shares of the credit services provider’s stock valued at $127,000 after buying an additional 430 shares during the last quarter. Finally, Prudential Financial Inc. raised its position in shares of Regional Management Corp. by 136.6% in the first quarter. Prudential Financial Inc. now owns 45,793 shares of the credit services provider’s stock valued at $890,000 after buying an additional 26,440 shares during the last quarter. 88.11% of the stock is currently owned by institutional investors and hedge funds.

Regional Management Corp. Company Profile

Regional Management Corp. is a diversified consumer finance company. The Company provides an array of loan products primarily to customers with limited access to consumer credit from banks, thrifts, credit card companies and other traditional lenders. Its products include small loans, large loans, automobile loans, retail loans, and optional payment and collateral protection insurance products.

Analyst Recommendations for Regional Management Corp. (NYSE:RM)

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