Regional Directorate (NYSE:RM – Get a rating) saw its price target lowered by Stephens analysts from $51.00 to $32.00 in a research report released to clients and investors on Wednesday, Benzinga reports. The brokerage currently has an “equal weight” rating on the shares of the credit service provider. Stephens’ target price would indicate a potential decline of 7.27% from the stock’s previous close.
Other stock analysts have also recently released reports on the company. StockNews.com began covering regional management in a research report on Wednesday, October 12. They set a “buy” rating on the stock. BMO Capital Markets cut its regional management price target from $58.00 to $52.00 in a Friday, August 5 research report. TheStreet downgraded regional management from a “b-” to a “c+” rating in a Wednesday, September 21 research report. Finally, Keefe, Bruyette & Woods cut their price target on regional management from $53.00 to $41.00 in a Monday, July 11 research report.
Regional management inventory up 1.6%
Shares of NYSE:RM opened at $34.51 on Wednesday. Regional leadership has a 1 year minimum of $27.42 and a 1 year maximum of $67.60. The company has a 50-day simple moving average of $31.40 and a two-hundred-day simple moving average of $38.14. The company has a market capitalization of $333.71 million, a PE ratio of 4.28 and a beta of 1.43. The company has a debt ratio of 3.96, a current ratio of 42.38 and a quick ratio of 42.38.
Regional Directorate (NYSE:RM – Get a rating) last announced its quarterly results on Wednesday, August 3. The credit services provider reported earnings per share (EPS) of $1.24 for the quarter, beating analyst consensus estimates of $1.07 by $0.17. The company posted revenue of $122.87 million in the quarter, compared to analyst estimates of $123.49 million. Regional Management posted a return on equity of 28.25% and a net margin of 17.23%. On average, equity analysts expect Regional Management to post 6.52 EPS for the current year.
Insider buying and selling
In related news, Basswood Capital Management director L sold 16,600 shares of the company in a trade dated Monday, August 29. The shares were sold at an average price of $35.63, for a total transaction of $591,458.00. Following completion of the transaction, the administrator now owns 729,320 shares of the company, valued at approximately $25,985,671.60. The transaction was disclosed in a legal filing with the SEC, accessible via the SEC website. Separately, director Philip V. Bancroft purchased 6,500 shares of the company in a transaction dated Friday, August 19. The shares were acquired at an average price of $38.75 per share, for a total transaction of $251,875.00. Following the acquisition, the director now directly owns 29,605 shares of the company, valued at $1,147,193.75. The transaction was disclosed in a legal filing with the SEC, accessible via this link. Additionally, Basswood Capital Management director L sold 16,600 shares of the company in a transaction that took place on Monday, August 29. The stock was sold at an average price of $35.63, for a total transaction of $591,458.00. Following the sale, the director now owns 729,320 shares of the company, valued at approximately $25,985,671.60. Disclosure of this sale can be found here. Insiders sold a total of 58,052 shares of the company worth $2,187,208 in the past 90 days. Insiders hold 8.90% of the shares of the company.
Hedge funds weigh on regional management
A number of hedge funds have recently changed their positions in RM. BlackRock Inc. strengthens its position in Regional Management by 2.6% in the 1st quarter. BlackRock Inc. now owns 913,071 shares of the credit service provider valued at $44,348,000 after purchasing an additional 23,053 shares during the period. Acadian Asset Management LLC strengthened its position in regional management by 8.4% in the 1st quarter. Acadian Asset Management LLC now owns 199,244 shares of the credit service provider valued at $9,675,000 after purchasing an additional 15,408 shares during the period. Goldman Sachs Group Inc. strengthens its position in Regional Management by 7.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 161,199 shares of the credit service provider valued at $7,829,000 after purchasing an additional 10,634 shares during the period. State Street Corp strengthened its position in regional management by 1.5% in the second quarter. State Street Corp now owns 152,811 shares of the credit service provider valued at $5,711,000 after purchasing an additional 2,185 shares during the period. Finally, Charles Schwab Investment Management Inc. strengthened its position in regional management by 45.6% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 94,732 shares of the credit service provider valued at $4,602,000 after purchasing an additional 29,661 shares during the period. Hedge funds and other institutional investors hold 82.76% of the company’s shares.
Regional Management Company Profile
Regional Management Corp., a diversified consumer finance company, offers various installment loan products primarily to customers with limited access to consumer credit from banks, thrift companies, 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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