Zacks Investment Research upgraded shares of Regional Management (NYSE:RM) from a sell rating to a hold rating in a report released on Wednesday.

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. “

Several other equities research analysts also recently issued reports on RM. TheStreet downgraded Regional Management from a b rating to a c+ rating in a research report on Monday, July 16th. ValuEngine downgraded Regional Management from a buy rating to a hold rating in a research report on Wednesday, July 25th. Stephens restated a hold rating and set a $37.00 target price on shares of Regional Management in a research report on Wednesday, August 1st. Finally, BMO Capital Markets increased their target price on Regional Management from $32.00 to $36.00 and gave the stock a market perform rating in a research report on Thursday, August 2nd. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of $34.60.

Regional Management stock traded down $0.26 during trading on Wednesday, hitting $29.10. The stock had a trading volume of 18,209 shares, compared to its average volume of 61,102. Regional Management has a 1 year low of $21.50 and a 1 year high of $37.21. The company has a current ratio of 47.26, a quick ratio of 47.26 and a debt-to-equity ratio of 2.28. The company has a market cap of $344.40 million, a price-to-earnings ratio of 12.88 and a beta of 0.81.

Several institutional investors have recently added to or reduced their stakes in the company. First Trust Advisors LP increased its holdings in shares of Regional Management by 19.7% in the second quarter. First Trust Advisors LP now owns 10,784 shares of the credit services provider’s stock worth $378,000 after purchasing an additional 1,775 shares during the period. California Public Employees Retirement System increased its holdings in shares of Regional Management by 13.3% in the first quarter. California Public Employees Retirement System now owns 39,306 shares of the credit services provider’s stock worth $1,252,000 after purchasing an additional 4,606 shares during the period. Wedge Capital Management L L P NC increased its holdings in shares of Regional Management by 10.1% in the third quarter. Wedge Capital Management L L P NC now owns 59,420 shares of the credit services provider’s stock worth $1,713,000 after purchasing an additional 5,444 shares during the period. Mackay Shields LLC bought a new position in shares of Regional Management in the second quarter worth $284,000. Finally, Massachusetts Financial Services Co. MA increased its holdings in shares of Regional Management by 15.9% in the second quarter. Massachusetts Financial Services Co. MA now owns 59,547 shares of the credit services provider’s stock worth $2,085,000 after purchasing an additional 8,154 shares during the period. 85.99% of the stock is currently owned by hedge funds and other institutional investors.

Regional Management Company Profile

Regional Management Corp., a diversified consumer finance company, provides various loan products primarily to customers with limited access to consumer credit from banks, thrifts, credit card companies, and other traditional lenders. The company offers small and large installment loans; automobile purchase loans; loans to finance the purchase of furniture, appliances, and other retail products; insurance products, including credit life, credit accident and health, credit property, vehicle single interest, and credit involuntary unemployment insurance; collateral protection insurance; and property insurance, as well as reinsurance products.

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