Whittier Trust Co. trimmed its position in FirstCash Inc (NYSE:FCFS) by 8.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,348 shares of the credit services provider’s stock after selling 1,113 shares during the period. Whittier Trust Co.’s holdings in FirstCash were worth $765,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in FCFS. Zions Bancorporation bought a new stake in FirstCash during the 3rd quarter valued at approximately $230,000. Meeder Asset Management Inc. increased its stake in FirstCash by 2,404.3% in the 4th quarter. Meeder Asset Management Inc. now owns 5,785 shares of the credit services provider’s stock worth $389,000 after acquiring an additional 5,554 shares during the last quarter. Bessemer Group Inc. bought a new stake in FirstCash in the 4th quarter worth approximately $540,000. Crossmark Global Holdings Inc. increased its stake in FirstCash by 22.3% in the 4th quarter. Crossmark Global Holdings Inc. now owns 11,477 shares of the credit services provider’s stock worth $774,000 after acquiring an additional 2,089 shares during the last quarter. Finally, 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. 91.47% of the stock is currently owned by institutional investors and hedge funds.
A number of research firms have issued reports on FCFS. Wedbush reaffirmed an “outperform” rating and issued a $83.00 price objective (up previously from $75.00) on shares of FirstCash in a research note on Monday, February 5th. Zacks Investment Research upgraded FirstCash from a “hold” rating to a “buy” rating and set a $82.00 target price for the company in a report on Thursday, February 1st. ValuEngine cut FirstCash from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, BidaskClub upgraded FirstCash from a “sell” rating to a “hold” rating in a report on Friday, October 27th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $71.83.
FirstCash (NYSE:FCFS) last released its quarterly earnings results on Thursday, February 1st. The credit services provider reported $0.94 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.84 by $0.10. The firm had revenue of $480.21 million during the quarter, compared to analyst estimates of $467.32 million. FirstCash had a return on equity of 8.86% and a net margin of 8.08%. During the same period in the previous year, the company posted $0.77 EPS. The business’s revenue for the quarter was up 3.9% compared to the same quarter last year. research analysts forecast that FirstCash Inc will post 3.31 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 28th. Investors of record on Wednesday, February 14th will be given a dividend of $0.22 per share. This is a positive change from FirstCash’s previous quarterly dividend of $0.20. This represents a $0.88 annualized dividend and a yield of 1.18%. The ex-dividend date of this dividend is Tuesday, February 13th. FirstCash’s dividend payout ratio is currently 29.24%.
In related news, insider Thomas Brent Stuart bought 1,080 shares of the stock in a transaction dated Monday, February 5th. The shares were purchased at an average price of $73.64 per share, for a total transaction of $79,531.20. Following the completion of the purchase, the insider now directly owns 8,283 shares of the company’s stock, valued at $609,960.12. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO R Douglas Orr sold 5,000 shares of the company’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $73.43, for a total value of $367,150.00. Following the completion of the sale, the chief financial officer now owns 172,000 shares in the company, valued at approximately $12,629,960. The disclosure for this sale can be found here. Corporate insiders own 2.75% of the company’s stock.
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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