Zacks Investment Research upgraded shares of Regional Management (NYSE:RM) from a hold rating to a buy rating in a research note published on Wednesday. The brokerage currently has $31.00 price target on the credit services provider’s stock.

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. “

RM has been the subject of several other reports. Stephens set a $34.00 price objective on Regional Management and gave the stock a hold rating in a research report on Friday, November 9th. BMO Capital Markets upped their price objective 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. Finally, ValuEngine cut Regional Management from a hold rating to a sell rating in a research report on Monday, October 8th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of $32.20.

Shares of RM stock traded up $0.02 on Wednesday, hitting $28.22. 32,424 shares of the stock were exchanged, compared to its average volume of 61,106. The company has a debt-to-equity ratio of 2.26, a current ratio of 44.21 and a quick ratio of 44.21. The stock has a market capitalization of $331.55 million, a P/E ratio of 12.48 and a beta of 0.81. Regional Management has a fifty-two week low of $22.04 and a fifty-two week high of $37.21.

Regional Management (NYSE:RM) last posted its quarterly earnings data on Thursday, November 8th. The credit services provider reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.02. The company had revenue of $77.92 million during the quarter, compared to analysts’ expectations of $78.72 million. Regional Management had a return on equity of 13.74% and a net margin of 12.02%. Equities analysts expect that Regional Management will post 3.11 EPS for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. First Trust Advisors LP boosted its position in Regional Management by 19.7% during the second quarter. First Trust Advisors LP now owns 10,784 shares of the credit services provider’s stock valued at $378,000 after purchasing an additional 1,775 shares during the last quarter. MetLife Investment Advisors LLC boosted its position in Regional Management by 54.7% during the third quarter. MetLife Investment Advisors LLC now owns 8,503 shares of the credit services provider’s stock valued at $245,000 after purchasing an additional 3,007 shares during the last quarter. California Public Employees Retirement System boosted its position in Regional Management by 12.0% during the second quarter. California Public Employees Retirement System now owns 44,006 shares of the credit services provider’s stock valued at $1,541,000 after purchasing an additional 4,700 shares during the last quarter. Wedge Capital Management L L P NC boosted its position in Regional Management by 10.1% during the third quarter. Wedge Capital Management L L P NC now owns 59,420 shares of the credit services provider’s stock valued at $1,713,000 after purchasing an additional 5,444 shares during the last quarter. Finally, Mackay Shields LLC acquired a new position in Regional Management during the second quarter valued at approximately $284,000. 85.92% of the stock is 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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