Regional Management (NYSE:RM) Upgraded to Hold at Zacks Research

Regional Management (NYSE:RM) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Monday,Zacks.com reports.

RM has been the topic of several other reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Regional Management in a research report on Monday, December 29th. Wall Street Zen upgraded Regional Management from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $30.00.

Regional Management Stock Performance

Shares of NYSE:RM opened at $39.00 on Monday. The company’s fifty day moving average is $38.50 and its two-hundred day moving average is $37.82. The stock has a market capitalization of $378.68 million, a price-to-earnings ratio of 9.44 and a beta of 1.07. Regional Management has a 1-year low of $25.41 and a 1-year high of $46.00.

Regional Management (NYSE:RM) last issued its earnings results on Wednesday, November 5th. The credit services provider reported $1.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.39 by $0.03. The company had revenue of $165.49 million during the quarter, compared to analyst estimates of $162.84 million. Regional Management had a net margin of 6.57% and a return on equity of 11.43%. Sell-side analysts expect that Regional Management will post 4.7 EPS for the current fiscal year.

Insider Buying and Selling

In other Regional Management news, CAO Steven B. Barnette sold 1,640 shares of the business’s stock in a transaction on Monday, November 24th. The shares were sold at an average price of $37.00, for a total value of $60,680.00. Following the completion of the sale, the chief accounting officer directly owned 21,338 shares of the company’s stock, valued at $789,506. The trade was a 7.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Fund L.P. Forager sold 8,827 shares of the firm’s stock in a transaction on Monday, January 5th. The stock was sold at an average price of $40.09, for a total value of $353,874.43. Following the completion of the sale, the insider directly owned 1,068,303 shares of the company’s stock, valued at $42,828,267.27. The trade was a 0.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 36,011 shares of company stock worth $1,393,815. 10.50% of the stock is owned by insiders.

Institutional Trading of Regional Management

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RM. Forager Capital Management LLC lifted its holdings in Regional Management by 20.7% during the 2nd quarter. Forager Capital Management LLC now owns 1,085,098 shares of the credit services provider’s stock valued at $31,696,000 after buying an additional 186,072 shares in the last quarter. Basswood Capital Management L.L.C. grew its stake in shares of Regional Management by 0.4% during the 2nd quarter. Basswood Capital Management L.L.C. now owns 1,024,310 shares of the credit services provider’s stock worth $29,920,000 after purchasing an additional 4,491 shares during the period. Tieton Capital Management LLC boosted its stake in shares of Regional Management by 18.6% during the 2nd quarter. Tieton Capital Management LLC now owns 295,081 shares of the credit services provider’s stock worth $8,619,000 after acquiring an additional 46,380 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Regional Management by 6.4% in the second quarter. Geode Capital Management LLC now owns 211,734 shares of the credit services provider’s stock valued at $6,186,000 after buying an additional 12,740 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in Regional Management by 45.5% during the first quarter. Goldman Sachs Group Inc. now owns 194,374 shares of the credit services provider’s stock valued at $5,853,000 after purchasing an additional 60,744 shares in the last quarter. 98.89% of the stock is owned by hedge funds and other institutional investors.

About Regional Management

Regional Management Corp., headquartered in Wilmington, North Carolina, is a consumer finance company specializing in installment loan products for underbanked individuals. Since its founding in 1977, the company has developed a network of field-based branches alongside a digital platform to offer credit solutions in rural and small-town markets across the United States.

The company’s core offerings include consumer installment loans for everyday purchases, auto refinancing and lease buyouts, as well as ancillary services such as insurance referrals.