Regional Management Corp. (RM) Downgraded by Zacks Investment Research
Regional Management Corp. (NYSE:RM) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Tuesday.
According to Zacks, “Regional Management Corp. is a diversified specialty consumer finance company engaged in providing loan products primarily to customers with limited access to consumer credit from banks, thrifts, credit card companies and other traditional lenders. It offers Small Installment Loans, Large Installment Loans, Automobile Purchase Loans, Furniture and Appliance Purchase Loans and Insurance Products. The Company has operations primarily in South Carolina, Texas, North Carolina, Tennessee and Alabama. Regional Management Corp. is headquartered in Greenville, South Carolina. “
A number of other equities analysts have also weighed in on the stock. ValuEngine lowered shares of Regional Management Corp. from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 17th. DA Davidson restated a “neutral” rating and issued a $27.00 target price on shares of Regional Management Corp. in a report on Tuesday, July 18th. Stephens assumed coverage on shares of Regional Management Corp. in a report on Wednesday, August 23rd. They issued an “equal weight” rating and a $25.00 target price for the company. BMO Capital Markets restated a “hold” rating and issued a $25.00 target price on shares of Regional Management Corp. in a report on Sunday. Finally, BidaskClub downgraded shares of Regional Management Corp. from a “sell” rating to a “strong sell” rating in a report on Monday, August 14th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $25.83.
Regional Management Corp. (NYSE:RM) opened at $22.52 on Tuesday. 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 firm has a market cap of $269.04, a P/E ratio of 9.85 and a beta of 1.40. Regional Management Corp. has a 52-week low of $18.31 and a 52-week high of $27.56.
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Institutional investors have recently added to or reduced their stakes in the stock. American International Group Inc. grew its holdings in 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 purchasing an additional 430 shares during the period. UBS Group AG grew its stake in Regional Management Corp. by 115.0% during the first quarter. UBS Group AG now owns 7,137 shares of the credit services provider’s stock worth $138,000 after buying an additional 3,818 shares during the period. PNC Financial Services Group Inc. purchased a new stake in Regional Management Corp. during the first quarter worth approximately $165,000. Hancock Holding Co. purchased a new stake in Regional Management Corp. during the second quarter worth approximately $217,000. Finally, The Manufacturers Life Insurance Company grew its stake in Regional Management Corp. by 6.4% during the second quarter. The Manufacturers Life Insurance Company now owns 9,194 shares of the credit services provider’s stock worth $218,000 after buying an additional 554 shares during the period. Hedge funds and other institutional investors own 86.78% of the company’s stock.
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.
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