We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Regional Management (RM) Taps Indiana, Grows Base to 15th State
Read MoreHide Full Article
Regional Management Corp. (RM - Free Report) recently announced that it has opened its first branch in the Merrillville town of Indiana. With this move, RM brings the 15th US state under its operational coverage.
The strategic action is expected to have expanded the consumer finance company’s footprint in the Midwestern U.S. This will allow Regional Management to offer its suite of affordable financial solutions to local customers. This is in line with RM’s geographic expansion strategy, which enables it to expand its market share.
RM closed a $250-million (its largest) asset-backed securitization this February, strengthening its financial flexibility to execute its long-term strategies like expanding its market reach. In February, Regional Management extended its operations in Mississippi and commenced piloting end-to-end digital lending at March-end. RM continues to amplify its geographical expansion while focusing on branch optimization.
Regional Management’s branch optimization program is expected to generate $1.8 million of annual savings from general and administrative costs. These savings are reinvested in extending operations into new states. With its latest expansion in Indiana, people with limited access to consumer credit are expected to benefit from RM’s secured credit products.
Price Performance
Shares of Regional Management have decreased 18.9% in the past year compared with the 28% fall of the industry.
Headquartered in Milwaukee, WI, MGIC Investment provides private mortgage insurance and other products in the domestic markets and internationally. The Zacks Consensus Estimate for MTG’s 2022 earnings indicates an 18.9% increase from the prior-year reported number.
Based in New York, MetLife is an insurance-based global financial services company providing protection and investment products to individual and institutional customers. The Zacks Consensus Estimate for MET’s 2022 bottom line has increased 5.9% in the past 60 days.
Overland Park, KS-based SelectQuote has a technology-enabled distribution platform, helping clients choose policies from multiple options. The Zacks Consensus Estimate for SLQT’s 2022 bottom line has improved 12% in the past 60 days.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Regional Management (RM) Taps Indiana, Grows Base to 15th State
Regional Management Corp. (RM - Free Report) recently announced that it has opened its first branch in the Merrillville town of Indiana. With this move, RM brings the 15th US state under its operational coverage.
The strategic action is expected to have expanded the consumer finance company’s footprint in the Midwestern U.S. This will allow Regional Management to offer its suite of affordable financial solutions to local customers. This is in line with RM’s geographic expansion strategy, which enables it to expand its market share.
RM closed a $250-million (its largest) asset-backed securitization this February, strengthening its financial flexibility to execute its long-term strategies like expanding its market reach. In February, Regional Management extended its operations in Mississippi and commenced piloting end-to-end digital lending at March-end. RM continues to amplify its geographical expansion while focusing on branch optimization.
Regional Management’s branch optimization program is expected to generate $1.8 million of annual savings from general and administrative costs. These savings are reinvested in extending operations into new states. With its latest expansion in Indiana, people with limited access to consumer credit are expected to benefit from RM’s secured credit products.
Price Performance
Shares of Regional Management have decreased 18.9% in the past year compared with the 28% fall of the industry.
Image Source: Zacks Investment Research
Zacks Rank & Key Picks
Regional Management currently has a Zacks Rank #3 (Hold). Some better-ranked stocks in the broader finance space are MGIC Investment Corporation (MTG - Free Report) , MetLife, Inc. (MET - Free Report) and SelectQuote, Inc. (SLQT - Free Report) , each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Headquartered in Milwaukee, WI, MGIC Investment provides private mortgage insurance and other products in the domestic markets and internationally. The Zacks Consensus Estimate for MTG’s 2022 earnings indicates an 18.9% increase from the prior-year reported number.
Based in New York, MetLife is an insurance-based global financial services company providing protection and investment products to individual and institutional customers. The Zacks Consensus Estimate for MET’s 2022 bottom line has increased 5.9% in the past 60 days.
Overland Park, KS-based SelectQuote has a technology-enabled distribution platform, helping clients choose policies from multiple options. The Zacks Consensus Estimate for SLQT’s 2022 bottom line has improved 12% in the past 60 days.