DA Davidson Now Covering Regional Management (NYSE:RM) With $27 Target

July 18, 2017 - By Vivian Currie

 DA Davidson Now Covering Regional Management (NYSE:RM) With $27 Target

Investors sentiment decreased to 1.38 in 2016 Q4. Its down 0.05, from 1.43 in 2016Q3. It turned negative, as 7 investors sold Regional Management Corp shares while 33 reduced holdings. 22 funds opened positions while 33 raised stakes. 9.95 million shares or 6.25% more from 9.37 million shares in 2016Q3 were reported.

Credit Suisse Ag reported 27,372 shares stake. 68,800 are owned by Spark Invest Management Limited Liability Co. Martingale Asset Mngmt Limited Partnership owns 0.01% invested in Regional Management Corp (NYSE:RM) for 31,200 shares. Tower Research Lc (Trc) holds 0% or 176 shares in its portfolio. Blackrock Institutional Communications Na holds 0% of its portfolio in Regional Management Corp (NYSE:RM) for 209,039 shares. State Street holds 0% or 157,015 shares in its portfolio. Kcg Holdings accumulated 9,680 shares. Walleye Trading Ltd Liability Co stated it has 300 shares or 0% of all its holdings. New York State Common Retirement Fund reported 0% stake. Systematic Financial Mgmt Ltd Partnership holds 136,095 shares. Tiaa Cref Invest stated it has 30,491 shares or 0% of all its holdings. Moreover, Savings Bank Of New York Mellon Corp has 0% invested in Regional Management Corp (NYSE:RM) for 70,890 shares. Renaissance Technology Lc holds 232,100 shares. Lsv Asset Mngmt invested in 0.03% or 596,199 shares. Pacific Glob Invest Mgmt invested in 249,790 shares or 1.33% of the stock.

Since February 10, 2017, it had 0 insider purchases, and 5 insider sales for $846,014 activity. Dunn Michael R also sold $264,779 worth of Regional Management Corp (NYSE:RM) on Wednesday, May 3. $189,055 worth of Regional Management Corp (NYSE:RM) was sold by Dymski Michael S on Friday, February 10.

Why Has DA Davidson Given Regional Management (NYSE:RM) a $27 Price Target

New York: Regional Management (NYSE:RM) coverage was initiated with a key ‘”Neutral”‘ rating as well as a $27 target price per share at DA Davidson. The price target by DA Davidson suggests upside of 8.70 % from the previous stock close.

Investors sentiment decreased to 1.38 in 2016 Q4. Its down 0.05, from 1.43 in 2016Q3. It turned negative, as 7 investors sold Regional Management Corp shares while 33 reduced holdings. 22 funds opened positions while 33 raised stakes. 9.95 million shares or 6.25% more from 9.37 million shares in 2016Q3 were reported.

Credit Suisse Ag reported 27,372 shares stake. 68,800 are owned by Spark Invest Management Limited Liability Co. Martingale Asset Mngmt Limited Partnership owns 0.01% invested in Regional Management Corp (NYSE:RM) for 31,200 shares. Tower Research Lc (Trc) holds 0% or 176 shares in its portfolio. Blackrock Institutional Communications Na holds 0% of its portfolio in Regional Management Corp (NYSE:RM) for 209,039 shares. State Street holds 0% or 157,015 shares in its portfolio. Kcg Holdings accumulated 9,680 shares. Walleye Trading Ltd Liability Co stated it has 300 shares or 0% of all its holdings. New York State Common Retirement Fund reported 0% stake. Systematic Financial Mgmt Ltd Partnership holds 136,095 shares. Tiaa Cref Invest stated it has 30,491 shares or 0% of all its holdings. Moreover, Savings Bank Of New York Mellon Corp has 0% invested in Regional Management Corp (NYSE:RM) for 70,890 shares. Renaissance Technology Lc holds 232,100 shares. Lsv Asset Mngmt invested in 0.03% or 596,199 shares. Pacific Glob Invest Mgmt invested in 249,790 shares or 1.33% of the stock.

Since February 10, 2017, it had 0 insider purchases, and 5 insider sales for $846,014 activity. Dunn Michael R also sold $264,779 worth of Regional Management Corp (NYSE:RM) on Wednesday, May 3. $189,055 worth of Regional Management Corp (NYSE:RM) was sold by Dymski Michael S on Friday, February 10.

Regional Management Corp (NYSE:RM) Ratings Coverage

Among 7 analysts covering Regional Management Corporation (NYSE:RM), 2 have Buy rating, 0 Sell and 5 Hold. Therefore 29% are positive. Regional Management Corporation has $3100 highest and $18 lowest target. $23.67’s average target is -4.71% below currents $24.84 stock price. Regional Management Corporation had 10 analyst reports since July 29, 2015 according to SRatingsIntel. As per Wednesday, June 28, the company rating was maintained by Jefferies. As per Wednesday, April 12, the company rating was maintained by Wood. JMP Securities upgraded the shares of RM in report on Tuesday, June 13 to “Market Outperform” rating. Jefferies upgraded Regional Management Corp (NYSE:RM) on Wednesday, September 23 to “Buy” rating. The firm has “Market Perform” rating by BMO Capital Markets given on Friday, November 18. As per Wednesday, April 12, the company rating was maintained by BMO Capital Markets.

It closed at $24.84 lastly. It is down 29.27% since July 18, 2016 and is uptrending. It has outperformed by 12.57% the S&P500.

Investors wait Regional Management Corp (NYSE:RM) to report on July, 25. its quarterly earnings Wall Street analysts expect $0.49 EPS, down $0.04 or 7.55 % from last year’s $0.53 same quarter earnings. This translates into $5.80 million profit for RM giving the stock a 12.67 P/E. This is assuming the current $0.49 EPS is accurate. Regional Management Corp’s Wall Street analysts see -24.62 % negative EPS growth, taking into account the $0.65 EPS reproted in the previous quarter,

Regional Management Corp. is a diversified consumer finance company. The company has market cap of $293.98 million. The Firm provides an array of loan products primarily to clients with limited access to consumer credit from banks, thrifts, credit card companies and other traditional lenders. It has a 11.04 P/E ratio. The Company’s products include small loans, large loans, automobile loans, retail loans, and optional payment and collateral protection insurance products.

More news for Regional Management Corp (NYSE:RM) were recently published by: Businesswire.com, which released: “Regional Management Corp. Enters into Warehouse Facility and Increases …” on June 20, 2017. Businesswire.com‘s article titled: “Regional Management Corp. to Report Second Quarter 2017 Results on Tuesday …” and published on July 12, 2017 is yet another important article.

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