Jefferies Group Reiterates Buy Rating for Regional Management (RM)

Jefferies Group reiterated their buy rating on shares of Regional Management (NYSE:RM) in a research report released on Thursday. The brokerage currently has a $33.00 price objective on the credit services provider’s stock. Jefferies Group also issued estimates for Regional Management’s Q4 2017 earnings at $0.64 EPS, Q1 2018 earnings at $0.77 EPS, Q2 2018 earnings at $0.75 EPS, Q3 2018 earnings at $0.83 EPS, Q4 2018 earnings at $0.93 EPS and FY2018 earnings at $3.28 EPS.

A number of other research analysts have also commented on the stock. Zacks Investment Research raised shares of Regional Management from a hold rating to a buy rating and set a $31.00 price objective for the company in a research report on Wednesday, January 10th. BMO Capital Markets reaffirmed a hold rating and set a $32.00 price objective on shares of Regional Management in a research report on Monday, January 8th. Keefe, Bruyette & Woods reaffirmed a hold rating and set a $27.00 price objective on shares of Regional Management in a research report on Friday, December 22nd. Finally, ValuEngine raised shares of Regional Management from a buy rating to a strong-buy rating in a research report on Friday, December 1st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. Regional Management has a consensus rating of Hold and an average price target of $29.00.

Shares of Regional Management (NYSE:RM) traded up $0.70 on Thursday, hitting $28.26. 121,600 shares of the stock were exchanged, compared to its average volume of 70,178. The firm has a market capitalization of $329.70, a price-to-earnings ratio of 13.02 and a beta of 1.38. The company has a debt-to-equity ratio of 2.34, a current ratio of 39.39 and a quick ratio of 39.39. Regional Management has a 1-year low of $18.31 and a 1-year high of $28.30.

Regional Management (NYSE:RM) last announced its quarterly earnings data on Wednesday, November 8th. The credit services provider reported $0.58 EPS for the quarter, missing the Zacks’ consensus estimate of $0.60 by ($0.02). Regional Management had a net margin of 9.66% and a return on equity of 12.62%. equities research analysts predict that Regional Management will post 2.18 earnings per share for the current year.

In other Regional Management news, major shareholder Basswood Capital Management, L bought 7,881 shares of the stock in a transaction that occurred on Saturday, December 29th. The shares were acquired at an average price of $26.40 per share, with a total value of $208,058.40. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 9.50% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of RM. Second Curve Capital LLC increased its stake in Regional Management by 67.5% in the third quarter. Second Curve Capital LLC now owns 633,034 shares of the credit services provider’s stock valued at $15,326,000 after acquiring an additional 255,000 shares during the period. AJO LP bought a new stake in Regional Management in the second quarter valued at about $3,215,000. Dimensional Fund Advisors LP increased its stake in Regional Management by 12.5% in the second quarter. Dimensional Fund Advisors LP now owns 796,386 shares of the credit services provider’s stock valued at $18,819,000 after acquiring an additional 88,569 shares during the period. Vanguard Group Inc. increased its stake in Regional Management by 7.1% in the second quarter. Vanguard Group Inc. now owns 695,053 shares of the credit services provider’s stock valued at $16,424,000 after acquiring an additional 46,288 shares during the period. Finally, Parametric Portfolio Associates LLC increased its stake in Regional Management by 71.1% in the second quarter. Parametric Portfolio Associates LLC now owns 81,069 shares of the credit services provider’s stock valued at $1,916,000 after acquiring an additional 33,694 shares during the period. 86.40% of the stock is currently owned by institutional investors and hedge funds.

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Regional Management Company Profile

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 (NYSE:RM)

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