Regional Management (NYSE:RM) Stock Rating Lowered by Wall Street Zen

Key Points

• Wall Street Zen downgraded Regional Management from “buy” to “hold.” Despite the downgrade, analysts’ consensus remains “Moderate Buy,” with an average price target of $43.00.
• Regional Management reported quarterly EPS of $0.85, exceeding the $0.81 consensus estimate, while revenue of $168.01 million also surpassed expectations.
• The stock opened at $32.78, with a market capitalization of $302.58 million and a 12-month trading range of $30.46 to $46.00. Insiders have sold 8,874 shares worth approximately $350,208 over the past 90 days.

Regional Management (NYSE:RM - Get Free Report) was downgraded by analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued to investors on Sunday.

Several other equities research analysts have also issued reports on the stock. Citigroup reissued a "market outperform" rating on shares of Regional Management in a research report on Thursday, July 30th. Citizens Jmp reduced their target price on shares of Regional Management from $45.00 to $43.00 and set a "market outperform" rating on the stock in a report on Thursday, July 30th. Finally, Weiss Ratings lowered shares of Regional Management from a "hold (c+)" rating to a "hold (c)" rating in a report on Friday. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $43.00.

Regional Management Stock Performance

Regional Management stock opened at $32.78 on Friday. The company has a market cap of $302.58 million, a price-to-earnings ratio of 6.90 and a beta of 1.02. Regional Management has a 12 month low of $30.46 and a 12 month high of $46.00. The company has a debt-to-equity ratio of 4.41, a current ratio of 64.04 and a quick ratio of 59.88. The stock's 50-day moving average is $38.84 and its 200-day moving average is $36.34.

Regional Management (NYSE:RM - Get Free Report) last posted its earnings results on Wednesday, July 29th. The credit services provider reported $0.85 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.81 by $0.04. Regional Management had a net margin of 6.98% and a return on equity of 12.49%. The firm had revenue of $168.01 million during the quarter, compared to the consensus estimate of $165.69 million.

Insider Buying and Selling

In other Regional Management news, Director Sandra K. Johnson sold 1,000 shares of the company's stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $36.00, for a total value of $36,000.00. Following the completion of the transaction, the director owned 21,933 shares in the company, valued at $789,588. This represents a 4.36% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Catherine R. Atwood sold 3,000 shares of the stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $35.06, for a total transaction of $105,180.00. Following the completion of the sale, the senior vice president directly owned 40,942 shares of the company's stock, valued at $1,435,426.52. This trade represents a 6.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 8,874 shares of company stock valued at $350,208. Corporate insiders own 10.90% of the company's stock.

Institutional Investors Weigh In On Regional Management

Large investors have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue purchased a new stake in Regional Management during the 4th quarter worth $25,000. Wexford Capital LP purchased a new position in Regional Management in the 3rd quarter valued at about $32,000. Advisory Services Network LLC purchased a new position in Regional Management in the 3rd quarter valued at about $39,000. Kestra Advisory Services LLC acquired a new stake in shares of Regional Management during the fourth quarter valued at about $49,000. Finally, BNP Paribas Financial Markets grew its stake in shares of Regional Management by 45.3% during the third quarter. BNP Paribas Financial Markets now owns 2,077 shares of the credit services provider's stock valued at $81,000 after acquiring an additional 648 shares in the last quarter. 98.89% of the stock is owned by institutional investors and hedge funds.

Regional Management Company Profile

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.

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