Jefferies analyst John Hecht reiterated a Buy rating on Regional Management (NYSE: RM) on July 11 and set a price target of $45. The company’s shares closed yesterday at $35.09, close to its 52-week high of $37.21.
According to TipRanks.com, Hecht is a 5-star analyst with an average return of 14.5% and a 75.5% success rate. Hecht covers the Financial sector, focusing on stocks such as Curo Group Holdings Corp, Enova International Inc, and Elevate Credit Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Regional Management with a $39.50 average price target.
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Based on Regional Management’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $8.64 million. In comparison, last year the company had a net profit of $6.14 million.
Based on the recent corporate insider activity of 22 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of RM in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Regional Management Corp. is a diversified consumer finance company. It engages in the provision of consumer financial services. The company’s products include small, large, automobile, retail, and insurance loans. The company was founded by Richard A. Godley and C. Glynn Quattlebaum on March 25, 1987 and is headquartered in Greer, SC.
