Regional Management Corp.’s (RM) Hold Rating Reiterated at BMO Capital Markets

BMO Capital Markets reissued their hold rating on shares of Regional Management Corp. (NYSE:RM) in a research note released on Sunday. The firm currently has a $25.00 price target on the credit services provider’s stock.

Several other analysts have also weighed in on RM. BidaskClub lowered Regional Management Corp. from a sell rating to a strong sell rating in a report on Monday, August 14th. Stephens initiated coverage on Regional Management Corp. in a report on Wednesday, August 23rd. They set an equal weight rating and a $25.00 price target on the stock. DA Davidson reaffirmed a neutral rating and issued a $27.00 price objective on shares of Regional Management Corp. in a research report on Tuesday, July 18th. Finally, ValuEngine downgraded Regional Management Corp. from a strong-buy rating to a buy rating in a research report on Thursday, August 17th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of Hold and an average target price of $25.83.

Shares of Regional Management Corp. (NYSE:RM) opened at $22.09 on Friday. Regional Management Corp. has a twelve month low of $18.31 and a twelve month high of $27.56. The firm has a market capitalization of $262.74, a price-to-earnings ratio of 9.85 and a beta of 1.40. The company has a current ratio of 39.39, a quick ratio of 39.39 and a debt-to-equity ratio of 2.34.

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Several institutional investors and hedge funds have recently bought and sold shares of RM. Bank of New York Mellon Corp grew its position in shares of Regional Management Corp. by 2.7% during the 1st quarter. Bank of New York Mellon Corp now owns 72,778 shares of the credit services provider’s stock worth $1,414,000 after buying an additional 1,888 shares in the last quarter. American International Group Inc. grew its position in shares of Regional Management Corp. by 7.1% during the 1st quarter. American International Group Inc. now owns 6,512 shares of the credit services provider’s stock worth $127,000 after buying an additional 430 shares in the last quarter. PNC Financial Services Group Inc. bought a new position in shares of Regional Management Corp. during the 1st quarter worth $165,000. Vanguard Group Inc. grew its position in shares of Regional Management Corp. by 17.9% during the 1st quarter. Vanguard Group Inc. now owns 648,765 shares of the credit services provider’s stock worth $12,605,000 after buying an additional 98,504 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Regional Management Corp. by 5.5% during the 1st quarter. Geode Capital Management LLC now owns 119,497 shares of the credit services provider’s stock worth $2,321,000 after buying an additional 6,280 shares in the last quarter. 86.78% of the stock is currently owned by institutional investors and hedge funds.

About Regional Management Corp.

Regional Management Corp. is a diversified consumer finance company. The Company provides an array of loan products primarily to customers with limited access to consumer credit from banks, thrifts, credit card companies and other traditional lenders. Its products include small loans, large loans, automobile loans, retail loans, and optional payment and collateral protection insurance products.

Analyst Recommendations for Regional Management Corp. (NYSE:RM)

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