FirstCash Holdings, Inc. (NASDAQ:FCFS) Shares Acquired by Parkside Financial Bank & Trust

Parkside Financial Bank & Trust increased its position in FirstCash Holdings, Inc. (NASDAQ:FCFS) by 20.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 841 shares of the company’s stock after buying an additional 140 shares during the period. Parkside Financial Bank & Trust’s holdings in FirstCash were worth $91,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of FCFS. Mitsubishi UFJ Trust & Banking Corp raised its position in shares of FirstCash by 86.5% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 442 shares of the company’s stock valued at $44,000 after buying an additional 205 shares during the last quarter. Headinvest LLC acquired a new position in shares of FirstCash in the third quarter valued at approximately $50,000. Covestor Ltd raised its position in shares of FirstCash by 16.2% in the third quarter. Covestor Ltd now owns 985 shares of the company’s stock valued at $99,000 after buying an additional 137 shares during the last quarter. Blue Trust Inc. raised its position in shares of FirstCash by 20.5% in the fourth quarter. Blue Trust Inc. now owns 1,569 shares of the company’s stock valued at $157,000 after buying an additional 267 shares during the last quarter. Finally, Park Avenue Securities LLC acquired a new position in shares of FirstCash in the third quarter valued at approximately $213,000. Institutional investors and hedge funds own 80.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on FCFS shares. TD Cowen upgraded shares of FirstCash from a “hold” rating to a “buy” rating and boosted their target price for the company from $130.00 to $145.00 in a report on Wednesday, April 10th. Stephens boosted their target price on shares of FirstCash from $131.00 to $141.00 and gave the company an “overweight” rating in a report on Friday, February 2nd.

FirstCash Price Performance

FirstCash stock opened at $114.61 on Friday. FirstCash Holdings, Inc. has a 1 year low of $88.05 and a 1 year high of $133.64. The firm has a 50 day moving average price of $122.18 and a 200 day moving average price of $114.56. The company has a market cap of $5.17 billion, a price-to-earnings ratio of 23.88 and a beta of 0.62. The company has a debt-to-equity ratio of 0.80, a quick ratio of 2.96 and a current ratio of 3.89.

FirstCash (NASDAQ:FCFS) last released its quarterly earnings data on Thursday, February 1st. The company reported $2.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.79 by $0.25. FirstCash had a net margin of 6.96% and a return on equity of 14.42%. The company had revenue of $852.13 million during the quarter, compared to the consensus estimate of $859.23 million. During the same period in the previous year, the firm earned $1.65 earnings per share. FirstCash’s revenue for the quarter was up 12.5% on a year-over-year basis. Sell-side analysts predict that FirstCash Holdings, Inc. will post 6.93 earnings per share for the current year.

FirstCash Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Wednesday, May 15th will be paid a dividend of $0.35 per share. The ex-dividend date is Tuesday, May 14th. This represents a $1.40 annualized dividend and a yield of 1.22%. FirstCash’s dividend payout ratio is currently 29.17%.

Insiders Place Their Bets

In other FirstCash news, Director Douglas Richard Rippel sold 31,930 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $119.68, for a total transaction of $3,821,382.40. Following the completion of the sale, the director now directly owns 5,767,238 shares in the company, valued at $690,223,043.84. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, CFO R Douglas Orr sold 3,000 shares of the company’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $116.25, for a total value of $348,750.00. Following the completion of the transaction, the chief financial officer now directly owns 94,715 shares in the company, valued at $11,010,618.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Douglas Richard Rippel sold 31,930 shares of the company’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $119.68, for a total transaction of $3,821,382.40. Following the completion of the transaction, the director now owns 5,767,238 shares of the company’s stock, valued at $690,223,043.84. The disclosure for this sale can be found here. Insiders sold a total of 329,984 shares of company stock worth $38,850,386 over the last ninety days. 18.08% of the stock is owned by company insiders.

FirstCash Profile

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.