Basswood Capital Management L.L.C. lifted its holdings in shares of Regional Management Corp (NYSE:RM) by 6.9% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,537,760 shares of the credit services provider’s stock after purchasing an additional 99,275 shares during the period. Regional Management accounts for about 1.9% of Basswood Capital Management L.L.C.’s portfolio, making the stock its 11th largest position. Basswood Capital Management L.L.C. owned 13.18% of Regional Management worth $40,458,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of RM. The Manufacturers Life Insurance Company boosted its stake in shares of Regional Management by 6.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 9,194 shares of the credit services provider’s stock worth $218,000 after acquiring an additional 554 shares during the period. First Trust Advisors LP acquired a new position in shares of Regional Management during the 4th quarter worth $221,000. Eqis Capital Management Inc. acquired a new position in shares of Regional Management during the 4th quarter worth $231,000. Bailard Inc. acquired a new position in shares of Regional Management during the 4th quarter worth $326,000. Finally, Teachers Advisors LLC raised its holdings in shares of Regional Management by 0.9% during the 2nd quarter. Teachers Advisors LLC now owns 17,045 shares of the credit services provider’s stock worth $403,000 after buying an additional 152 shares in the last quarter. Institutional investors and hedge funds own 88.26% of the company’s stock.
A number of equities analysts have issued reports on RM shares. ValuEngine raised Regional Management from a “buy” rating to a “strong-buy” rating in a report on Friday, December 1st. Keefe, Bruyette & Woods restated a “hold” rating and set a $27.00 target price on shares of Regional Management in a research report on Friday, December 22nd. Zacks Investment Research upgraded Regional Management from a “sell” rating to a “hold” rating in a report on Saturday, December 30th. BMO Capital Markets reissued a “hold” rating and issued a $32.00 price objective on shares of Regional Management in a research note on Monday, January 8th. Finally, Jefferies Group reissued a “buy” rating and set a $33.00 price objective on shares of Regional Management in a report on Thursday, January 11th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. Regional Management has an average rating of “Hold” and an average target price of $29.00.
Shares of Regional Management Corp (RM) traded up $0.09 during trading hours on Thursday, reaching $31.02. The company had a trading volume of 13,716 shares, compared to its average volume of 83,015. The company has a debt-to-equity ratio of 2.37, a quick ratio of 42.60 and a current ratio of 42.60. The stock has a market cap of $367.31, a P/E ratio of 12.09 and a beta of 1.31. Regional Management Corp has a 52 week low of $18.31 and a 52 week high of $35.34.
Regional Management (NYSE:RM) last issued its quarterly earnings results on Tuesday, February 13th. The credit services provider reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.02. The firm had revenue of $72.11 million for the quarter, compared to analysts’ expectations of $71.86 million. Regional Management had a return on equity of 12.54% and a net margin of 11.00%. equities research analysts anticipate that Regional Management Corp will post 3.16 earnings per share for the current fiscal year.
Regional Management 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.
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