BMO Capital Markets cut shares of Regional Management Corp. (NYSE:RM) from an outperform rating to a market perform rating in a research report sent to investors on Friday. They currently have $26.00 price target on the stock. The analysts noted that the move was a valuation call.

RM has been the topic of a number of other reports. Zacks Investment Research cut shares of Regional Management Corp. from a strong-buy rating to a hold rating in a research note on Wednesday, September 28th. Keefe, Bruyette & Woods increased their price objective on shares of Regional Management Corp. from $17.50 to $19.00 and gave the company a market perform rating in a research note on Thursday, July 28th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Regional Management Corp. currently has a consensus rating of Hold and an average target price of $22.00.

Shares of Regional Management Corp. (NYSE:RM) traded down 0.96% during trading on Friday, reaching $23.81. 5,926 shares of the company’s stock were exchanged. Regional Management Corp. has a 52 week low of $11.77 and a 52 week high of $25.33. The stock has a market capitalization of $272.48 million, a price-to-earnings ratio of 11.82 and a beta of 1.55. The stock has a 50 day moving average price of $22.19 and a 200-day moving average price of $19.05.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Institutional Trust Company N.A. raised its position in Regional Management Corp. by 4.7% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 153,217 shares of the company’s stock worth $2,246,000 after buying an additional 6,815 shares during the period. BlackRock Investment Management LLC raised its position in Regional Management Corp. by 6.5% in the second quarter. BlackRock Investment Management LLC now owns 45,625 shares of the company’s stock worth $669,000 after buying an additional 2,775 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in Regional Management Corp. during the second quarter worth about $400,000. Vanguard Group Inc. raised its position in Regional Management Corp. by 8.1% in the second quarter. Vanguard Group Inc. now owns 479,373 shares of the company’s stock worth $7,028,000 after buying an additional 35,981 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in Regional Management Corp. by 33.1% in the second quarter. Dimensional Fund Advisors LP now owns 454,708 shares of the company’s stock worth $6,666,000 after buying an additional 113,115 shares during the period. Institutional investors own 91.86% of the company’s stock.

Regional Management Corp. Company Profile

Regional Management Corp. is a diversified specialty consumer finance company. The Company provides a range 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 credit insurance products.

5 Day Chart for NYSE:RM

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