Comerica Bank lessened its holdings in shares of FirstCash Inc (NYSE:FCFS) by 3.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 48,728 shares of the credit services provider’s stock after selling 1,824 shares during the quarter. Comerica Bank’s holdings in FirstCash were worth $3,494,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of the stock. Zions Bancorporation bought a new stake in FirstCash in the 3rd quarter worth approximately $230,000. Bessemer Group Inc. bought a new stake in FirstCash in the 4th quarter worth approximately $540,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in FirstCash by 55.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,234 shares of the credit services provider’s stock worth $893,000 after acquiring an additional 4,721 shares during the last quarter. Insight Capital Research & Management Inc. bought a new stake in FirstCash in the 3rd quarter worth approximately $913,000. Finally, Strs Ohio increased its stake in FirstCash by 330.2% in the 4th quarter. Strs Ohio now owns 18,500 shares of the credit services provider’s stock worth $1,247,000 after acquiring an additional 14,200 shares during the last quarter. 94.72% of the stock is currently owned by institutional investors.
In other FirstCash news, insider Thomas Brent Stuart acquired 1,080 shares of the company’s stock in a transaction that occurred on Monday, February 5th. The stock was bought at an average price of $73.64 per share, for a total transaction of $79,531.20. Following the acquisition, the insider now directly owns 8,283 shares in the company, valued at $609,960.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO R Douglas Orr sold 5,000 shares of the business’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $73.43, for a total value of $367,150.00. Following the transaction, the chief financial officer now owns 172,000 shares of the company’s stock, valued at approximately $12,629,960. The disclosure for this sale can be found here. Insiders own 2.75% of the company’s stock.
FirstCash Inc (FCFS) opened at $72.15 on Friday. The firm has a market capitalization of $3,425.75, a P/E ratio of 23.97, a PEG ratio of 1.09 and a beta of 0.80. The company has a current ratio of 6.99, a quick ratio of 4.69 and a debt-to-equity ratio of 0.20. FirstCash Inc has a 12-month low of $42.70 and a 12-month high of $75.35.
FirstCash (NYSE:FCFS) last released its earnings results on Thursday, February 1st. The credit services provider reported $0.94 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.84 by $0.10. The firm had revenue of $480.21 million for the quarter, compared to the consensus estimate of $467.32 million. FirstCash had a return on equity of 8.86% and a net margin of 8.08%. The company’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.77 EPS. analysts forecast that FirstCash Inc will post 3.31 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 28th. Stockholders of record on Wednesday, February 14th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Tuesday, February 13th. This represents a $0.88 annualized dividend and a dividend yield of 1.22%. This is an increase from FirstCash’s previous quarterly dividend of $0.20. FirstCash’s payout ratio is currently 29.24%.
FCFS has been the topic of a number of research reports. Zacks Investment Research raised FirstCash from a “sell” rating to a “buy” rating and set a $72.00 price objective on the stock in a research note on Monday, October 30th. Wedbush set a $75.00 target price on FirstCash and gave the company a “buy” rating in a research report on Monday, January 8th. They noted that the move was a valuation call. ValuEngine downgraded FirstCash from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, BidaskClub raised FirstCash from a “sell” rating to a “hold” rating in a research report on Friday, October 27th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $71.83.
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FirstCash Company Profile
FirstCash, Inc, formerly First Cash Financial Services, Inc, is an operator of retail-based pawn stores in the United States and Latin America. The Company’s primary business is the operation of full-service pawn stores, which make small pawn loans secured by personal property, such as consumer electronics, jewelry, power tools, household appliances, sporting goods and musical instruments.
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