Regional Management (NYSE:RM – Get Grade) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report released Tuesday to clients and investors, Zacks.com reports.
According to Zacks, “Regional Management Corp. is a diversified specialty consumer finance company that provides loan products primarily to customers with limited access to consumer credit from banks, savings, credit card companies and other traditional lenders. It offers small installment loans, large installment loans, automobile purchase loans, furniture and appliance purchase loans, and insurance products. The Company operates primarily in South Carolina, Texas, North Carolina, Tennessee and Alabama. Regional Management Corp. is headquartered in Greenville, South Carolina. “
Separately, StockNews.com downgraded regional management shares from a “strong buy” rating to a “buy” rating in a Friday, April 8 report.
RM shares opened at $45.73 on Tuesday. Regional management has a 12-month low of $41.65 and a 12-month high of $67.60. The stock has a market capitalization of $447.70 million, a P/E ratio of 5.26 and a beta of 1.33. The company has a current ratio of 27.76, a quick ratio of 27.76 and a debt ratio of 3.88. The company has a fifty-day moving average price of $46.80.
Regional Management (NYSE:RM – Get Rating) last announced its results on Wednesday, May 4. The credit service provider reported earnings per share of $2.67 for the quarter, beating the consensus estimate of $1.91 by $0.76. Regional Management generated a net margin of 19.92% and a return on equity of 32.15%. During the same period of the previous year, the company achieved EPS of $2.31. As a group, sell-side analysts expect regional management to post year-to-date EPS of 6.91.
In other regional management news, CEO Robert William Beck sold 5,000 shares in a trade dated Tuesday, March 8. The shares were sold at an average price of $47.74, for a total transaction of $238,700.00. The sale was disclosed in a legal filing with the SEC, which is available via this hyperlink. Additionally, Basswood Capital Management director L sold 2,367 shares in a trade dated Wednesday, February 16. The stock was sold at an average price of $53.92, for a total transaction of $127,628.64. The disclosure of this sale can be found here. Company insiders own 9.70% of the company’s shares.
A number of institutional investors have recently changed their holdings in MR. Morgan Stanley increased its holdings in Regional Management shares by 130.4% in the second quarter. Morgan Stanley now owns 59,683 shares of the credit service provider valued at $2,778,000 after buying 33,783 additional shares last quarter. Wells Fargo & Company MN increased its Regional Management equity holdings by 357.1% in the second quarter. Wells Fargo & Company MN now owns 22,866 shares of the credit services provider valued at $1,065,000 after purchasing an additional 17,864 shares last quarter. SG Americas Securities LLC purchased a new stake in Regional Management stock in Q3, valued at approximately $257,000. Advisor Group Holdings Inc. increased its holdings of Regional Management shares by 243.4% in the third quarter. Advisor Group Holdings Inc. now owns 4,032 shares of the credit service provider valued at $231,000 after buying 2,858 additional shares last quarter. Finally, Truist Financial Corp bought a new stake in Regional Management stock in Q3, valued at around $335,000. Institutional investors hold 89.95% of the company’s shares.
Regional Management Company Profile (Get an assessment)
Regional Management Corp., a diversified consumer finance company, offers various installment loan products primarily to customers with limited access to consumer credit from banks, thrifts, credit card companies and other lenders in the United States. It offers small and large installment loans; and retail loans to finance the purchase of furniture, appliances and other retail products.
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