Zions Bancorporation N.A. Has $1.76 Million Stock Position in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Zions Bancorporation N.A. boosted its stake in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) by 15.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 16,936 shares of the company’s stock after buying an additional 2,206 shares during the period. Zions Bancorporation N.A.’s holdings in FirstCash were worth $1,755,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of FCFS. Thrivent Financial for Lutherans lifted its position in shares of FirstCash by 1.5% in the 3rd quarter. Thrivent Financial for Lutherans now owns 9,147 shares of the company’s stock valued at $1,050,000 after acquiring an additional 138 shares in the last quarter. Intech Investment Management LLC lifted its holdings in shares of FirstCash by 52.0% in the third quarter. Intech Investment Management LLC now owns 14,845 shares of the company’s stock valued at $1,704,000 after purchasing an additional 5,081 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of FirstCash by 8.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 498,260 shares of the company’s stock valued at $57,200,000 after purchasing an additional 37,810 shares in the last quarter. Citigroup Inc. boosted its position in shares of FirstCash by 137.2% in the third quarter. Citigroup Inc. now owns 34,143 shares of the company’s stock worth $3,920,000 after buying an additional 19,749 shares during the period. Finally, Algert Global LLC grew its holdings in shares of FirstCash by 21.8% during the third quarter. Algert Global LLC now owns 12,450 shares of the company’s stock valued at $1,429,000 after buying an additional 2,230 shares in the last quarter. 80.30% of the stock is owned by hedge funds and other institutional investors.

FirstCash Trading Up 0.7 %

Shares of NASDAQ:FCFS opened at $118.59 on Wednesday. The firm has a fifty day moving average of $114.09 and a two-hundred day moving average of $110.80. The company has a quick ratio of 3.15, a current ratio of 4.14 and a debt-to-equity ratio of 0.84. FirstCash Holdings, Inc. has a 12-month low of $100.24 and a 12-month high of $133.64. The firm has a market capitalization of $5.31 billion, a P/E ratio of 20.70 and a beta of 0.63.

FirstCash (NASDAQ:FCFS) last issued its earnings results on Thursday, January 30th. The company reported $2.12 EPS for the quarter, beating analysts’ consensus estimates of $2.02 by $0.10. FirstCash had a return on equity of 14.99% and a net margin of 7.64%. On average, equities analysts expect that FirstCash Holdings, Inc. will post 7.7 EPS for the current fiscal year.

FirstCash Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a $0.38 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.52 dividend on an annualized basis and a yield of 1.28%. FirstCash’s dividend payout ratio is currently 26.53%.

Analyst Ratings Changes

Separately, Stephens reissued an “overweight” rating and issued a $137.00 price objective on shares of FirstCash in a research note on Wednesday, February 19th.

Insider Activity at FirstCash

In other news, CFO R Douglas Orr sold 2,000 shares of the stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $113.35, for a total transaction of $226,700.00. Following the transaction, the chief financial officer now owns 100,567 shares in the company, valued at $11,399,269.45. This represents a 1.95 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Douglas Richard Rippel sold 300,000 shares of FirstCash stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $113.43, for a total transaction of $34,029,000.00. Following the completion of the sale, the insider now directly owns 4,431,869 shares of the company’s stock, valued at approximately $502,706,900.67. The trade was a 6.34 % decrease in their position. The disclosure for this sale can be found here. Insiders own 14.77% of the company’s stock.

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.