First Bank & Trust Makes New $224,000 Investment in FirstCash Holdings, Inc. (NASDAQ:FCFS)

First Bank & Trust bought a new position in FirstCash Holdings, Inc. (NASDAQ:FCFS) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,756 shares of the company’s stock, valued at approximately $224,000.

Other hedge funds have also added to or reduced their stakes in the company. PNC Financial Services Group Inc. increased its holdings in shares of FirstCash by 25.7% during the third quarter. PNC Financial Services Group Inc. now owns 2,963 shares of the company’s stock valued at $297,000 after acquiring an additional 606 shares in the last quarter. Envestnet Portfolio Solutions Inc. bought a new stake in shares of FirstCash during the third quarter valued at approximately $274,000. Invesco Ltd. increased its holdings in shares of FirstCash by 23.3% during the third quarter. Invesco Ltd. now owns 271,699 shares of the company’s stock valued at $27,273,000 after acquiring an additional 51,432 shares in the last quarter. Algert Global LLC bought a new stake in shares of FirstCash during the third quarter valued at approximately $638,000. Finally, Natixis Advisors L.P. increased its holdings in shares of FirstCash by 15.0% during the third quarter. Natixis Advisors L.P. now owns 35,553 shares of the company’s stock valued at $3,569,000 after acquiring an additional 4,629 shares in the last quarter. 80.30% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other FirstCash news, Director Douglas Richard Rippel sold 720,950 shares of the business’s stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $117.90, for a total value of $85,000,005.00. Following the transaction, the director now owns 4,746,023 shares of the company’s stock, valued at $559,556,111.70. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CFO R Douglas Orr sold 2,000 shares of the company’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $116.53, for a total transaction of $233,060.00. Following the transaction, the chief financial officer now owns 92,715 shares of the company’s stock, valued at approximately $10,804,078.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Douglas Richard Rippel sold 720,950 shares of the company’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $117.90, for a total value of $85,000,005.00. Following the transaction, the director now directly owns 4,746,023 shares in the company, valued at approximately $559,556,111.70. The disclosure for this sale can be found here. Insiders own 14.77% of the company’s stock.

FirstCash Trading Down 0.9 %

Shares of FirstCash stock opened at $104.88 on Friday. The stock has a fifty day simple moving average of $115.19 and a 200 day simple moving average of $116.38. The company has a current ratio of 3.99, a quick ratio of 3.03 and a debt-to-equity ratio of 0.75. FirstCash Holdings, Inc. has a 12-month low of $88.05 and a 12-month high of $133.64. The company has a market capitalization of $4.77 billion, a P/E ratio of 20.44 and a beta of 0.64.

FirstCash (NASDAQ:FCFS) last posted its quarterly earnings data on Thursday, April 25th. The company reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.50 by $0.05. FirstCash had a return on equity of 14.73% and a net margin of 7.23%. The business had revenue of $836.40 million for the quarter, compared to analysts’ expectations of $846.08 million. During the same quarter in the previous year, the firm earned $1.25 earnings per share. The business’s revenue was up 9.7% on a year-over-year basis. On average, sell-side analysts anticipate that FirstCash Holdings, Inc. will post 6.75 earnings per share for the current fiscal year.

FirstCash Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Wednesday, May 15th were given a $0.35 dividend. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $1.40 annualized dividend and a yield of 1.33%. FirstCash’s dividend payout ratio is currently 27.29%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Loop Capital upgraded FirstCash from a “hold” rating to a “buy” rating and boosted their price objective for the company from $125.00 to $140.00 in a report on Monday, April 29th. TD Cowen upgraded FirstCash from a “hold” rating to a “buy” rating and upped their price target for the stock from $130.00 to $145.00 in a report on Wednesday, April 10th. Finally, BTIG Research started coverage on FirstCash in a report on Friday, June 7th. They set a “neutral” rating for the company. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $142.00.

FirstCash 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.