Regional Management Corp (NYSE:RM) – Analysts at Jefferies Group dropped their Q1 2018 earnings per share estimates for shares of Regional Management in a research note issued to investors on Wednesday. Jefferies Group analyst J. Hecht now forecasts that the credit services provider will post earnings per share of $0.74 for the quarter, down from their prior estimate of $0.77. Jefferies Group has a “Buy” rating and a $33.00 price target on the stock. Jefferies Group also issued estimates for Regional Management’s Q2 2018 earnings at $0.67 EPS, Q3 2018 earnings at $0.77 EPS, Q4 2018 earnings at $0.85 EPS and FY2018 earnings at $3.04 EPS.
A number of other research analysts have also commented on the company. ValuEngine raised Regional Management from a “buy” rating to a “strong-buy” rating in a report on Thursday, February 8th. Zacks Investment Research raised Regional Management from a “hold” rating to a “buy” rating and set a $31.00 price objective on the stock in a report on Wednesday, January 10th. BMO Capital Markets reissued a “hold” rating and set a $32.00 price objective on shares of Regional Management in a report on Monday, January 8th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $27.00 price objective on shares of Regional Management in a report on Friday, December 22nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $29.00.
Regional Management (NYSE RM) opened at $34.95 on Friday. The company has a debt-to-equity ratio of 2.34, a quick ratio of 39.39 and a current ratio of 39.39. The company has a market capitalization of $396.52, a PE ratio of 14.17 and a beta of 1.42. Regional Management has a fifty-two week low of $18.31 and a fifty-two week high of $35.34.
Regional Management (NYSE:RM) last issued its quarterly earnings data on Tuesday, February 13th. The credit services provider reported $0.62 EPS for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.02. The business had revenue of $72.11 million for the quarter, compared to analyst estimates of $71.86 million. Regional Management had a return on equity of 12.80% and a net margin of 11.00%.
A number of large investors have recently made changes to their positions in the stock. MetLife Investment Advisors LLC bought a new stake in Regional Management during the 4th quarter valued at approximately $145,000. Millennium Management LLC lifted its position in shares of Regional Management by 185.5% in the 4th quarter. Millennium Management LLC now owns 86,815 shares of the credit services provider’s stock worth $2,284,000 after acquiring an additional 56,407 shares during the period. Teachers Advisors LLC lifted its position in shares of Regional Management by 9.4% in the 4th quarter. Teachers Advisors LLC now owns 18,642 shares of the credit services provider’s stock worth $490,000 after acquiring an additional 1,597 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of Regional Management by 7.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 82,369 shares of the credit services provider’s stock worth $2,167,000 after acquiring an additional 5,685 shares during the period. Finally, Basswood Capital Management L.L.C. lifted its position in shares of Regional Management by 6.9% in the 4th quarter. Basswood Capital Management L.L.C. now owns 1,537,760 shares of the credit services provider’s stock worth $40,458,000 after acquiring an additional 99,275 shares during the period. Hedge funds and other institutional investors own 86.23% of the company’s stock.
In other Regional Management news, major shareholder Basswood Capital Management, L bought 13,786 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was purchased at an average price of $26.31 per share, for a total transaction of $362,709.66. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 9.50% of the stock is owned by corporate insiders.
About Regional Management
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.
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