Stephens Begins Coverage on Regional Management (NYSE:RM)

Equities research analysts at Stephens assumed coverage on shares of Regional Management (NYSE:RM) in a report released on Wednesday. The firm set an “overweight” rating and a $38.00 price target on the credit services provider’s stock. Stephens’ price target would suggest a potential upside of 26.29% from the stock’s previous close.

Separately, Keefe, Bruyette & Woods increased their price target on shares of Regional Management from $28.00 to $33.00 and gave the stock a “market perform” rating in a report on Thursday, August 1st.

Regional Management Trading Down 0.8 %

Shares of RM stock opened at $30.09 on Wednesday. The company has a market capitalization of $305.71 million, a P/E ratio of 12.64 and a beta of 1.53. The company has a current ratio of 44.42, a quick ratio of 49.53 and a debt-to-equity ratio of 3.94. The business’s 50 day moving average is $31.10 and its two-hundred day moving average is $29.90. Regional Management has a twelve month low of $20.50 and a twelve month high of $34.15.

Hedge Funds Weigh In On Regional Management

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. EMC Capital Management grew its holdings in shares of Regional Management by 8.1% during the first quarter. EMC Capital Management now owns 6,100 shares of the credit services provider’s stock worth $148,000 after buying an additional 459 shares in the last quarter. Rhumbline Advisers grew its stake in Regional Management by 3.9% in the 2nd quarter. Rhumbline Advisers now owns 12,430 shares of the credit services provider’s stock worth $357,000 after acquiring an additional 463 shares during the period. BNP Paribas Financial Markets raised its holdings in Regional Management by 53.4% in the 1st quarter. BNP Paribas Financial Markets now owns 3,974 shares of the credit services provider’s stock valued at $96,000 after acquiring an additional 1,383 shares during the last quarter. Renaissance Technologies LLC lifted its stake in shares of Regional Management by 0.9% during the 2nd quarter. Renaissance Technologies LLC now owns 201,537 shares of the credit services provider’s stock worth $5,792,000 after purchasing an additional 1,800 shares during the period. Finally, Empowered Funds LLC boosted its holdings in shares of Regional Management by 5.1% during the third quarter. Empowered Funds LLC now owns 41,649 shares of the credit services provider’s stock worth $1,362,000 after purchasing an additional 2,010 shares during the last quarter. Institutional investors and hedge funds own 98.89% of the company’s stock.

About Regional Management

Regional Management Corp., a diversified consumer finance company, provides 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.