Zacks Investment Research upgraded shares of Regional Management (NYSE:RM) from a sell rating to a hold rating in a research report sent to investors on Saturday morning.

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. “

Other equities analysts have also recently issued research reports about the stock. ValuEngine upgraded shares of Regional Management from a buy rating to a strong-buy rating in a research note on Friday, December 1st. Keefe, Bruyette & Woods restated a hold rating and set a $27.00 target price on shares of Regional Management in a research note on Friday, December 22nd. Finally, BMO Capital Markets restated a hold rating and set a $25.00 target price on shares of Regional Management in a research note on Sunday, November 12th. One research analyst has rated the stock with a sell rating, five have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of $26.40.

Regional Management (RM) opened at $26.33 on Friday. The company has a debt-to-equity ratio of 2.34, a quick ratio of 39.39 and a current ratio of 39.39. The stock has a market cap of $306.95, a PE ratio of 12.13 and a beta of 1.38. Regional Management has a one year low of $18.31 and a one year high of $27.56.

Large investors have recently modified their holdings of the company. Hancock Holding Co. bought a new position in shares of Regional Management in the 2nd quarter worth approximately $217,000. The Manufacturers Life Insurance Company lifted its stake in shares of Regional Management by 6.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 9,194 shares of the credit services provider’s stock worth $218,000 after purchasing an additional 554 shares during the period. Tudor Investment Corp ET AL bought a new position in shares of Regional Management in the 2nd quarter worth approximately $219,000. Russell Investments Group Ltd. lifted its stake in shares of Regional Management by 22.9% in the 2nd quarter. Russell Investments Group Ltd. now owns 11,930 shares of the credit services provider’s stock worth $281,000 after purchasing an additional 2,219 shares during the period. Finally, GSA Capital Partners LLP bought a new position in shares of Regional Management in the 2nd quarter worth approximately $367,000. Hedge funds and other institutional investors own 86.40% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “Regional Management (RM) Upgraded to “Hold” at Zacks Investment Research” was originally reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this article on another website, it was copied illegally and republished in violation of U.S. and international copyright legislation. The original version of this article can be accessed at https://www.thecerbatgem.com/2018/01/03/regional-management-rm-upgraded-to-hold-at-zacks-investment-research.html.

About Regional Management

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.

Get a free copy of the Zacks research report on Regional Management (RM)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Regional Management (NYSE:RM)

Receive News & Ratings for Regional Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Regional Management and related companies with MarketBeat.com's FREE daily email newsletter.