Regional Management (NYSE:RM) Upgraded by Wall Street Zen to "Buy" Rating

Key Points

• Regional Management has been upgraded from a "hold" to a "buy" rating by Wall Street Zen, indicating increased investor confidence in the stock's future performance.
• Keefe, Bruyette & Woods has reduced their price target for Regional Management from $33.00 to $30.00 while maintaining a "market perform" rating on the stock.
• The company reported a quarterly EPS of $0.70, exceeding analysts' expectations, while revenue for the quarter was slightly below estimates at $152.97 million.

Regional Management (NYSE:RM - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a report released on Saturday.

Separately, Keefe, Bruyette & Woods dropped their target price on Regional Management from $33.00 to $30.00 and set a "market perform" rating on the stock in a research report on Friday, May 2nd.

Regional Management Stock Performance

RM stock traded down $0.50 during trading on Friday, hitting $31.24. The company had a trading volume of 22,524 shares, compared to its average volume of 37,574. The company has a quick ratio of 45.13, a current ratio of 45.13 and a debt-to-equity ratio of 4.11. The firm has a 50-day moving average price of $29.67 and a 200-day moving average price of $31.34. Regional Management has a 1-year low of $25.41 and a 1-year high of $37.52. The firm has a market cap of $309.96 million, a PE ratio of 9.47 and a beta of 1.18.

Regional Management (NYSE:RM - Get Free Report) last released its earnings results on Wednesday, April 30th. The credit services provider reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.03. Regional Management had a return on equity of 10.57% and a net margin of 5.53%. The company had revenue of $152.97 million for the quarter, compared to analysts' expectations of $153.59 million. On average, analysts expect that Regional Management will post 4.7 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Robert William Beck sold 6,160 shares of the company's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $30.39, for a total value of $187,202.40. Following the sale, the chief executive officer owned 89,673 shares in the company, valued at $2,725,162.47. This represents a 6.43% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder Fund L.P. Forager purchased 12,246 shares of the stock in a transaction that occurred on Thursday, June 12th. The stock was purchased at an average price of $29.05 per share, for a total transaction of $355,746.30. Following the acquisition, the insider owned 1,052,715 shares in the company, valued at approximately $30,581,370.75. This trade represents a 1.18% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 36,082 shares of company stock worth $1,022,745. Insiders own 10.50% of the company's stock.

Institutional Investors Weigh In On Regional Management

A number of institutional investors and hedge funds have recently modified their holdings of the company. US Bancorp DE acquired a new stake in Regional Management during the 1st quarter valued at $31,000. Tower Research Capital LLC TRC boosted its holdings in shares of Regional Management by 49.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,019 shares of the credit services provider's stock worth $35,000 after purchasing an additional 339 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of Regional Management by 16.2% during the fourth quarter. BNP Paribas Financial Markets now owns 2,162 shares of the credit services provider's stock worth $73,000 after purchasing an additional 301 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Regional Management by 8.9% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,792 shares of the credit services provider's stock worth $163,000 after purchasing an additional 390 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of Regional Management by 3,899.2% during the first quarter. GAMMA Investing LLC now owns 5,119 shares of the credit services provider's stock worth $170,000 after purchasing an additional 4,991 shares during the last quarter. Institutional investors and hedge funds own 98.89% of the company's stock.

About Regional Management

Regional Management Corp., a diversified consumer finance company, provides various installment loan products primarily to customers with limited access to consumer credit from banks, thrifts, credit card companies, and other lenders in the United States. It offers small and large installment loans; and retail loans to finance the purchase of furniture, appliances, and other retail products.