Keefe Bruyette & Woods Maintains Regional Management Corp to Market Perform with Price Target $19.00

Brokerage firm Keefe Bruyette & Woods Maintains its rating on Regional Management Corp(NYSE:RM). In a research note issued to the investors, the brokerage major Raises the price-target to $19.00 per share. The shares have been rated Market Perform. The rating by Keefe Bruyette & Woods was issued on Jul 28, 2016.

Regional Management Corp (RM) made into the market gainers list on Thursdays trading session with the shares advancing 1.38% or 0.27 points. Due to strong positive momentum, the stock ended at $19.77, which is also near the day’s high of $19.83. The stock began the session at $19.5 and the volume stood at 54,815 shares. The 52-week high of the shares is $20.073 and the 52 week low is $11.77. The company has a current market capitalization of $226 M and it has 1,14,16,260 shares in outstanding.

Regional Management Corp(RM) last announced its earnings results on Jul 26, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $57.33M. Analysts had an estimated revenue of $58.35M. Earnings per share were $0.53. Analysts had estimated an EPS of $0.40.

Several Insider Transactions has been reported to the SEC. On May 6, 2016, Alvaro G Demolina (director) sold 10,000 shares at $15.83 per share price.Also, On Nov 3, 2015, Peter R Knitzer (director) purchased 12,000 shares at $16.45 per share price.On Sep 4, 2015, Roel C Campos (director) purchased 3,500 shares at $16.44 per share price, according to the Form-4 filing with the securities and exchange commission.

Regional Management Corp. (Regional) 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. It offers small loans large loans automobile loans retail loans and optional insurance products. The Company offers small loans ranging from $500 to $2500 through its branches as well as convenience check program. It offers large loans through its branches ranging from $2501 to $20000. The Company offers automobile loans of up to $27500 with terms of between 36 and 72 months. It markets and sells optional credit life insurance credit accident and health insurance and involuntary unemployment insurance products.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *