Parkside Financial Bank & Trust Purchases 164 Shares of FirstCash Holdings, Inc. (NASDAQ:FCFS)

Parkside Financial Bank & Trust lifted its position in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) by 15.4% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,230 shares of the company’s stock after buying an additional 164 shares during the quarter. Parkside Financial Bank & Trust’s holdings in FirstCash were worth $129,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC purchased a new position in shares of FirstCash in the first quarter valued at about $26,000. Principal Securities Inc. purchased a new position in FirstCash in the 4th quarter worth approximately $51,000. Whittier Trust Co. boosted its stake in FirstCash by 62.2% in the 1st quarter. Whittier Trust Co. now owns 459 shares of the company’s stock worth $59,000 after purchasing an additional 176 shares during the period. EntryPoint Capital LLC grew its holdings in FirstCash by 134.3% during the 1st quarter. EntryPoint Capital LLC now owns 841 shares of the company’s stock valued at $107,000 after buying an additional 482 shares in the last quarter. Finally, Johnson Financial Group Inc. bought a new stake in shares of FirstCash during the fourth quarter valued at approximately $108,000. Institutional investors own 80.30% of the company’s stock.

FirstCash Stock Performance

NASDAQ FCFS opened at $118.74 on Friday. The stock has a market capitalization of $5.40 billion, a PE ratio of 23.15 and a beta of 0.62. FirstCash Holdings, Inc. has a 1-year low of $88.05 and a 1-year high of $133.64. The business has a 50 day simple moving average of $112.18 and a two-hundred day simple moving average of $116.18. The company has a debt-to-equity ratio of 0.85, a current ratio of 4.03 and a quick ratio of 3.04.

FirstCash (NASDAQ:FCFS) last posted its earnings results on Thursday, July 25th. The company reported $1.37 earnings per share for the quarter, beating analysts’ consensus estimates of $1.32 by $0.05. The firm had revenue of $831.00 million during the quarter, compared to analyst estimates of $824.87 million. FirstCash had a net margin of 7.17% and a return on equity of 14.90%. FirstCash’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same period last year, the firm posted $1.22 earnings per share. On average, research analysts predict that FirstCash Holdings, Inc. will post 6.56 EPS for the current fiscal year.

FirstCash Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Thursday, August 15th were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.28%. This is a boost from FirstCash’s previous quarterly dividend of $0.35. The ex-dividend date was Thursday, August 15th. FirstCash’s dividend payout ratio is currently 29.63%.

Insider Activity

In related news, CFO R Douglas Orr sold 2,000 shares of FirstCash stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $107.18, for a total value of $214,360.00. Following the completion of the transaction, the chief financial officer now owns 90,715 shares in the company, valued at $9,722,833.70. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CFO R Douglas Orr sold 2,000 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $107.18, for a total value of $214,360.00. Following the completion of the sale, the chief financial officer now directly owns 90,715 shares in the company, valued at $9,722,833.70. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Douglas Richard Rippel sold 7,316 shares of FirstCash stock in a transaction on Friday, August 30th. The stock was sold at an average price of $119.98, for a total transaction of $877,773.68. Following the transaction, the director now directly owns 4,735,843 shares of the company’s stock, valued at $568,206,443.14. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,180 shares of company stock worth $1,435,842. 14.77% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, BTIG Research started coverage on shares of FirstCash in a research report on Friday, June 7th. They set a “neutral” rating for the company. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, FirstCash has an average rating of “Moderate Buy” and a consensus target price of $142.00.

FirstCash Company 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.