Zions Bancorporation N.A. Buys 2,256 Shares of FirstCash Holdings, Inc. (NASDAQ:FCFS)

Zions Bancorporation N.A. lifted its stake in FirstCash Holdings, Inc. (NASDAQ:FCFS) by 18.1% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,730 shares of the company’s stock after purchasing an additional 2,256 shares during the period. Zions Bancorporation N.A.’s holdings in FirstCash were worth $1,691,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in FCFS. Envestnet Portfolio Solutions Inc. lifted its holdings in FirstCash by 4.6% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 2,173 shares of the company’s stock worth $228,000 after acquiring an additional 95 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in FirstCash by 5.6% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,376 shares of the company’s stock worth $298,000 after acquiring an additional 125 shares in the last quarter. Parkside Financial Bank & Trust lifted its holdings in FirstCash by 15.4% during the second quarter. Parkside Financial Bank & Trust now owns 1,230 shares of the company’s stock worth $129,000 after acquiring an additional 164 shares in the last quarter. Fifth Third Bancorp lifted its holdings in FirstCash by 1.0% during the second quarter. Fifth Third Bancorp now owns 17,252 shares of the company’s stock worth $1,809,000 after acquiring an additional 168 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in FirstCash by 8.8% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 2,405 shares of the company’s stock worth $252,000 after acquiring an additional 194 shares in the last quarter. 80.30% of the stock is currently owned by institutional investors.

FirstCash Stock Performance

FCFS opened at $107.09 on Friday. The business’s 50-day moving average price is $112.40 and its two-hundred day moving average price is $112.77. FirstCash Holdings, Inc. has a 1 year low of $101.62 and a 1 year high of $133.64. The company has a market capitalization of $4.79 billion, a price-to-earnings ratio of 19.83 and a beta of 0.64. The company has a debt-to-equity ratio of 0.87, a current ratio of 4.31 and a quick ratio of 3.23.

FirstCash (NASDAQ:FCFS) last released its quarterly earnings results on Thursday, October 24th. The company reported $1.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.62 by $0.05. FirstCash had a return on equity of 14.97% and a net margin of 7.29%. The firm had revenue of $837.30 million for the quarter, compared to the consensus estimate of $843.94 million. During the same quarter last year, the business posted $1.56 EPS. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. Equities analysts expect that FirstCash Holdings, Inc. will post 6.61 EPS for the current fiscal year.

FirstCash Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 1.42%. The ex-dividend date is Friday, November 15th. FirstCash’s dividend payout ratio is 28.15%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. TD Cowen reduced their target price on FirstCash from $134.00 to $130.00 and set a “buy” rating on the stock in a report on Monday, October 28th. Stephens assumed coverage on FirstCash in a report on Wednesday. They set an “overweight” rating and a $137.00 target price on the stock.

Insider Activity at FirstCash

In other news, CFO R Douglas Orr sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $105.68, for a total transaction of $211,360.00. Following the completion of the sale, the chief financial officer now owns 88,715 shares in the company, valued at $9,375,401.20. The trade was a 2.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Douglas Richard Rippel sold 7,316 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $119.98, for a total value of $877,773.68. Following the sale, the director now owns 4,735,843 shares of the company’s stock, valued at approximately $568,206,443.14. This represents a 0.15 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 16,154 shares of company stock valued at $1,909,562. 14.77% of the stock is owned by insiders.

About FirstCash

FirstCash Holdings, Inc, together with its subsidiaries, operates retail pawn stores in the United States, Mexico, and rest of Latin America. The company operates in three segments: U.S. Pawn, Latin America Pawn, and Retail POS Payment Solutions segments. Its pawn stores lend money on the collateral of pledged personal property, including jewelry, electronics, tools, appliances, sporting goods, and musical instruments; and retails merchandise acquired through collateral forfeitures on forfeited pawn loans and over-the-counter purchases of merchandise directly from customers.