Regional Management initiated with a Neutral at BTIG

BTIG initiated coverage of Regional Management with a Neutral rating as part of a broader research note launching coverage on Consumer Finance names. The firm prefers to see more stability in Regional Management’s credit performance before becoming more constructive on the shares, and while it is encouraged by the company’s discussion of its back-book and front-book portfolio, it would like to see more visibility into the inflection point for positive credit trends, the analyst tells investors in a research note.