Regional Management Corp. (RM) Issues Quarterly Earnings Results, Meets Expectations, Report finds

Regional Management Corp. (RM) Issues Quarterly  Earnings Results, Meets Expectations, Report finds

Regional Management Corp. (NYSE:RM) issued its quarterly earnings results on Tuesday. The company reported $0.56 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.56. The business earned $64 million during the quarter, compared to analysts’ expectations of $56.70 million. Regional Management Corp. had a return on equity of 12.30% and a net margin of 10.69%.

Regional Management Corp. (NYSE:RM) opened at 22.21 on Thursday. The firm has a market capitalization of $254.17 million, a P/E ratio of 11.02 and a beta of 1.58. The firm’s 50-day moving average is $25.34 and its 200 day moving average is $22.86. Regional Management Corp. has a 12 month low of $12.15 and a 12 month high of $27.56.

RM has been the subject of several recent research reports. Zacks Investment Research upgraded Regional Management Corp. from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a research note on Friday, October 21st. BMO Capital Markets cut Regional Management Corp. from an “outperform” rating to a “market perform” rating and set a $26.00 price target for the company. in a research note on Friday, November 18th. They noted that the move was a valuation call. Finally, Janney Montgomery Scott cut Regional Management Corp. from a “buy” rating to a “neutral” rating and set a $25.00 price target for the company. in a research note on Friday, December 2nd. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Regional Management Corp. currently has a consensus rating of “Hold” and an average target price of $23.75.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Signia Capital Management LLC increased its position in Regional Management Corp. by 75.2% in the fourth quarter. Signia Capital Management LLC now owns 57,339 shares of the company’s stock valued at $1,507,000 after buying an additional 24,618 shares during the period. Russell Investments Group Ltd. acquired a new position in Regional Management Corp. during the fourth quarter valued at approximately $1,146,000. Citadel Advisors LLC acquired a new position in Regional Management Corp. during the third quarter valued at approximately $277,000. Acrospire Investment Management LLC increased its position in Regional Management Corp. by 20.3% in the third quarter. Acrospire Investment Management LLC now owns 6,528 shares of the company’s stock valued at $141,000 after buying an additional 1,100 shares during the period. Finally, Matarin Capital Management LLC acquired a new position in Regional Management Corp. during the third quarter valued at approximately $1,551,000. 87.06% of the stock is owned by institutional investors.

Regional Management Corp. Company Profile

Regional Management Corp. is a diversified specialty consumer finance company. The Company provides a range 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 credit insurance products.

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Regional Management Corp. (RM) Issues Quarterly Earnings Results, Meets Expectations

Regional Management Corp. (RM) Issues Quarterly  Earnings Results, Meets Expectations

Regional Management Corp. (NYSE:RM) issued its quarterly earnings results on Tuesday. The company reported $0.56 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.56. The business earned $64 million during the quarter, compared to analysts’ expectations of $56.70 million. Regional Management Corp. had a return on equity of 12.30% and a net margin of 10.69%.

Regional Management Corp. (NYSE:RM) opened at 22.21 on Thursday. The firm has a market capitalization of $254.17 million, a P/E ratio of 11.02 and a beta of 1.58. The firm’s 50-day moving average is $25.34 and its 200 day moving average is $22.86. Regional Management Corp. has a 12 month low of $12.15 and a 12 month high of $27.56.

RM has been the subject of several recent research reports. Zacks Investment Research upgraded Regional Management Corp. from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a research note on Friday, October 21st. BMO Capital Markets cut Regional Management Corp. from an “outperform” rating to a “market perform” rating and set a $26.00 price target for the company. in a research note on Friday, November 18th. They noted that the move was a valuation call. Finally, Janney Montgomery Scott cut Regional Management Corp. from a “buy” rating to a “neutral” rating and set a $25.00 price target for the company. in a research note on Friday, December 2nd. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Regional Management Corp. currently has a consensus rating of “Hold” and an average target price of $23.75.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Signia Capital Management LLC increased its position in Regional Management Corp. by 75.2% in the fourth quarter. Signia Capital Management LLC now owns 57,339 shares of the company’s stock valued at $1,507,000 after buying an additional 24,618 shares during the period. Russell Investments Group Ltd. acquired a new position in Regional Management Corp. during the fourth quarter valued at approximately $1,146,000. Citadel Advisors LLC acquired a new position in Regional Management Corp. during the third quarter valued at approximately $277,000. Acrospire Investment Management LLC increased its position in Regional Management Corp. by 20.3% in the third quarter. Acrospire Investment Management LLC now owns 6,528 shares of the company’s stock valued at $141,000 after buying an additional 1,100 shares during the period. Finally, Matarin Capital Management LLC acquired a new position in Regional Management Corp. during the third quarter valued at approximately $1,551,000. 87.06% of the stock is owned by institutional investors.

Regional Management Corp. Company Profile

Regional Management Corp. is a diversified specialty consumer finance company. The Company provides a range 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 credit insurance products.

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