Hilltop National Bank Makes New Investment in FirstCash Holdings, Inc. $FCFS

Hilltop National Bank purchased a new stake in FirstCash Holdings, Inc. (NASDAQ:FCFS) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 941 shares of the company’s stock, valued at approximately $127,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC boosted its stake in FirstCash by 16.5% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 3,164 shares of the company’s stock valued at $328,000 after acquiring an additional 447 shares during the period. UMB Bank n.a. boosted its position in FirstCash by 167.5% during the 1st quarter. UMB Bank n.a. now owns 452 shares of the company’s stock valued at $54,000 after purchasing an additional 283 shares during the period. Farther Finance Advisors LLC grew its stake in FirstCash by 808.0% during the 1st quarter. Farther Finance Advisors LLC now owns 227 shares of the company’s stock worth $27,000 after buying an additional 202 shares during the last quarter. GAMMA Investing LLC increased its position in FirstCash by 117.1% in the first quarter. GAMMA Investing LLC now owns 2,158 shares of the company’s stock worth $260,000 after buying an additional 1,164 shares during the period. Finally, CX Institutional bought a new stake in FirstCash in the first quarter valued at $42,000. Institutional investors and hedge funds own 80.30% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Cowen restated a “buy” rating on shares of FirstCash in a research report on Monday, August 18th. Jefferies Financial Group raised shares of FirstCash to a “strong-buy” rating in a research note on Monday, August 18th. Weiss Ratings restated a “buy (b)” rating on shares of FirstCash in a research note on Saturday, September 27th. Capital One Financial set a $160.00 price objective on FirstCash in a research report on Tuesday, August 5th. Finally, Canaccord Genuity Group assumed coverage on FirstCash in a report on Tuesday. They issued a “buy” rating and a $200.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $154.40.

Insiders Place Their Bets

In other news, CFO R Douglas Orr sold 2,500 shares of the company’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $146.40, for a total transaction of $366,000.00. Following the completion of the sale, the chief financial officer owned 41,734 shares in the company, valued at approximately $6,109,857.60. This represents a 5.65% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director James H. Graves sold 6,000 shares of the stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $134.56, for a total value of $807,360.00. Following the transaction, the director owned 15,846 shares in the company, valued at approximately $2,132,237.76. This trade represents a 27.46% decrease in their position. The disclosure for this sale can be found here. Insiders sold 111,500 shares of company stock valued at $15,493,610 over the last quarter. Insiders own 2.93% of the company’s stock.

FirstCash Trading Up 1.8%

FirstCash stock opened at $151.79 on Friday. The company has a 50 day moving average price of $143.44 and a 200 day moving average price of $133.24. The company has a debt-to-equity ratio of 0.79, a quick ratio of 3.12 and a current ratio of 4.21. FirstCash Holdings, Inc. has a 52 week low of $100.24 and a 52 week high of $158.93. The firm has a market capitalization of $6.73 billion, a price-to-earnings ratio of 23.32 and a beta of 0.69.

FirstCash (NASDAQ:FCFS) last released its earnings results on Thursday, July 24th. The company reported $1.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.66 by $0.13. The company had revenue of $830.62 million during the quarter, compared to the consensus estimate of $820.42 million. FirstCash had a net margin of 8.61% and a return on equity of 16.63%. The company’s revenue was up .0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.37 EPS. Research analysts forecast that FirstCash Holdings, Inc. will post 7.7 EPS for the current year.

FirstCash Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 1.1%. This is an increase from FirstCash’s previous quarterly dividend of $0.38. The ex-dividend date was Friday, August 15th. FirstCash’s dividend payout ratio is 25.81%.

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.