Jefferies Group Reiterates Buy Rating for Regional Management (RM)
Jefferies Group restated their buy rating on shares of Regional Management (NYSE:RM) in a research report released on Thursday morning. The brokerage currently has a $33.00 target price on the credit services provider’s stock. Jefferies Group also issued estimates for Regional Management’s Q4 2017 earnings at $0.64 EPS, Q1 2018 earnings at $0.77 EPS, Q2 2018 earnings at $0.75 EPS, Q3 2018 earnings at $0.83 EPS, Q4 2018 earnings at $0.93 EPS and FY2018 earnings at $3.28 EPS.
Several other analysts have also recently weighed in on RM. BMO Capital Markets reaffirmed a hold rating and set a $25.00 price objective on shares of Regional Management in a research note on Sunday, November 12th. Zacks Investment Research cut shares of Regional Management from a hold rating to a sell rating in a research note on Tuesday, November 14th. ValuEngine raised shares of Regional Management from a buy rating to a strong-buy rating in a research note on Friday, December 1st. Finally, Keefe, Bruyette & Woods reaffirmed a hold rating and set a $27.00 price objective on shares of Regional Management in a research note on Friday, December 22nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. The company currently has an average rating of Hold and a consensus target price of $29.00.
Shares of Regional Management (RM) traded up $0.70 during trading on Thursday, reaching $28.26. 121,600 shares of the company’s stock traded hands, compared to its average volume of 70,178. The company has a debt-to-equity ratio of 2.34, a current ratio of 39.39 and a quick ratio of 39.39. The company has a market capitalization of $329.70, a PE ratio of 13.02 and a beta of 1.38. Regional Management has a 1 year low of $18.31 and a 1 year high of $28.30.
In related news, major shareholder Basswood Capital Management, L purchased 7,881 shares of the firm’s stock in a transaction dated Saturday, December 29th. The shares were acquired at an average cost of $26.40 per share, with a total value of $208,058.40. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 9.50% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in RM. Second Curve Capital LLC grew its stake in shares of Regional Management by 67.5% during the third quarter. Second Curve Capital LLC now owns 633,034 shares of the credit services provider’s stock valued at $15,326,000 after purchasing an additional 255,000 shares during the last quarter. AJO LP bought a new stake in shares of Regional Management during the second quarter valued at approximately $3,215,000. Dimensional Fund Advisors LP grew its stake in shares of Regional Management by 12.5% during the second quarter. Dimensional Fund Advisors LP now owns 796,386 shares of the credit services provider’s stock valued at $18,819,000 after purchasing an additional 88,569 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Regional Management by 7.1% during the second quarter. Vanguard Group Inc. now owns 695,053 shares of the credit services provider’s stock valued at $16,424,000 after purchasing an additional 46,288 shares during the last quarter. Finally, Parametric Portfolio Associates LLC lifted its holdings in Regional Management by 71.1% in the second quarter. Parametric Portfolio Associates LLC now owns 81,069 shares of the credit services provider’s stock valued at $1,916,000 after buying an additional 33,694 shares during the period. 86.40% of the stock is currently owned by institutional investors and hedge funds.
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Regional Management 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.
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