StockNews.com downgrades Regional Management (NYSE:RM) to Buy


Regional Management (NYSE:RM – received rating) was downgraded by StockNews.com from a “strong buy” rating to a “buy” rating in a research note issued to investors on Friday.

Separately, Zacks Investment Research Downgraded regional management from a “strong buy” rating to a “hold” rating in a research report on Wednesday, February 2nd.

RM stock opened at $46.57 on Friday. The company has a market cap of $457.64 million, a P/E of 5.59 and a beta of 1.32. Regional Management has a 12-month low of $35.23 and a 12-month high of $67.60. The company has a 50-day simple moving average of $49.20 and a 200-day simple moving average of $54.27. The company has a current ratio of 27.76, a quick ratio of 27.76 and a debt to equity ratio of 3.88.

Regional Management (NYSE:RM – received rating) last announced its quarterly results on Wednesday, February 9th. The credit servicer reported earnings per share of $2.04 for the quarter, beating analysts’ consensus estimate of $1.79 by $0.25. The company had revenue of $119.48 million for the quarter, compared to analysts’ expectations of $116.84 million. Regional Management had a return on equity of 31.59% and a net margin of 20.70%. In the same quarter last year, the company reported earnings per share of $1.28. Research analysts are forecasting that Regional Management will post 6.49 EPS for the current fiscal year.

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In other Regional Management News, CEO Robert Wilhelm Beck sold 5,000 shares of the company’s stock in a transaction that took place on Tuesday, March 8th. The stock sold at an average price of $47.74 for a total value of $238,700.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In addition, Director Basswood Capital Management, L. sold 2,367 shares of Regional Management in a transaction that took place on Wednesday, February 16th. The stock sold at an average price of $53.92 for a total value of $127,628.64. Disclosure for this sale can be found here. Company insiders own 9.70% of the company’s shares.

A number of institutional investors and hedge funds have recently changed their holdings of RM. Forager Capital Management LLC acquired a new interest in Regional Management stock valued at $25,332,000 during the fourth quarter. Nuveen Asset Management LLC increased its stake in Regional Management by 12.9% in the fourth quarter. Nuveen Asset Management LLC now owns 211,182 shares of the loan servicer’s stock valued at $12,135,000 after purchasing an additional 24,151 shares during the period. Acadian Asset Management LLC increased its stake in Regional Management by 11.7% in the fourth quarter. Acadian Asset Management LLC now owns 183,836 shares of the loan servicer’s stock valued at $10,556,000 after purchasing an additional 19,221 shares during the period. Khrom Capital Management LLC increased its stake in Regional Management by 12.2% in the fourth quarter. Khrom Capital Management LLC now owns 174,139 shares of the loan servicer valued at $10,006,000 after purchasing an additional 19,000 shares during the period. Finally, Geode Capital Management LLC increased its stake in Regional Management by 11.4% during the third quarter. Geode Capital Management LLC now owns 163,734 shares of the loan servicer’s stock valued at $9,526,000 after purchasing an additional 16,691 shares during the period. Hedge funds and other institutional investors own 85.57% of the company’s shares.

Profile of the regional management company (received rating)

Regional Management Corp., a diversified consumer finance company, offers a variety of personal loan products primarily to customers with limited access to consumer credit from banks, savings companies, credit card companies and other lenders in the United States. It offers small and large installment loans; and retail loans to finance purchases of furniture, appliances and other retail products.

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