Bank of America Corp DE Has $208.93 Million Position in FirstCash Holdings, Inc. $FCFS

Bank of America Corp DE trimmed its position in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) by 0.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,111,340 shares of the company's stock after selling 5,955 shares during the quarter. Bank of America Corp DE owned 2.53% of FirstCash worth $208,932,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Harbor Investment Advisory LLC bought a new position in FirstCash during the 1st quarter worth about $26,000. Geneos Wealth Management Inc. bought a new position in shares of FirstCash during the first quarter worth about $29,000. CIBC Private Wealth Group LLC raised its position in FirstCash by 490.9% in the 4th quarter. CIBC Private Wealth Group LLC now owns 195 shares of the company's stock valued at $31,000 after buying an additional 162 shares during the last quarter. High Point Wealth Management LLC bought a new stake in FirstCash in the 4th quarter valued at approximately $33,000. Finally, Assetmark Inc. lifted its stake in FirstCash by 113.2% in the 1st quarter. Assetmark Inc. now owns 194 shares of the company's stock valued at $36,000 after acquiring an additional 103 shares in the last quarter. Institutional investors and hedge funds own 80.30% of the company's stock.

FirstCash Trading Up 2.6%

FCFS stock opened at $214.89 on Wednesday. FirstCash Holdings, Inc. has a one year low of $132.82 and a one year high of $235.97. The stock has a market cap of $9.32 billion, a price-to-earnings ratio of 24.53 and a beta of 0.53. The company has a fifty day moving average price of $216.65 and a two-hundred day moving average price of $203.37. The company has a debt-to-equity ratio of 1.01, a current ratio of 4.89 and a quick ratio of 3.51.

FirstCash (NASDAQ:FCFS - Get Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The company reported $2.50 EPS for the quarter, beating analysts' consensus estimates of $2.39 by $0.11. FirstCash had a net margin of 9.42% and a return on equity of 19.65%. The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the prior year, the business earned $1.34 EPS. FirstCash's quarterly revenue was up 29.4% on a year-over-year basis. Equities analysts anticipate that FirstCash Holdings, Inc. will post 11.85 EPS for the current year.

FirstCash Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Friday, August 14th. FirstCash's dividend payout ratio is currently 19.18%.

Wall Street Analyst Weigh In

Several research analysts recently commented on FCFS shares. Zacks Research cut shares of FirstCash from a "strong-buy" rating to a "hold" rating in a report on Tuesday, June 23rd. Weiss Ratings lowered shares of FirstCash from a "buy (b+)" rating to a "buy (b)" rating in a research note on Friday, July 24th. TD Cowen boosted their price target on shares of FirstCash from $235.00 to $240.00 and gave the stock a "buy" rating in a research report on Tuesday, July 7th. Wall Street Zen downgraded shares of FirstCash from a "strong-buy" rating to a "buy" rating in a research note on Sunday, May 10th. Finally, Canaccord Genuity Group lifted their target price on FirstCash from $242.00 to $252.00 and gave the company a "buy" rating in a research report on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $212.33.

Insider Transactions at FirstCash

In other news, SVP Raul Ramos sold 6,835 shares of FirstCash stock in a transaction on Friday, June 5th. The stock was sold at an average price of $225.23, for a total transaction of $1,539,447.05. Following the completion of the sale, the senior vice president owned 20,400 shares of the company's stock, valued at approximately $4,594,692. This trade represents a 25.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Howard F. Hambleton sold 3,000 shares of FirstCash stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $226.41, for a total transaction of $679,230.00. Following the completion of the sale, the insider owned 32,406 shares of the company's stock, valued at $7,337,042.46. This trade represents a 8.47% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 26,000 shares of company stock worth $5,917,004 over the last quarter. 2.86% of the stock is currently owned by corporate insiders.

FirstCash Company Profile

FirstCash, Inc NASDAQ: FCFS is a leading integrated operator of pawn stores and provider of short-term consumer loan services in the United States and Mexico. Through its retail pawn outlets, FirstCash offers collateral-based loans secured by personal property, enabling customers to access liquidity without a credit history or traditional bank account. The company also purchases, trades and sells a broad range of secondhand merchandise, including electronics, jewelry and power tools, through its network of conveniently located stores.

In addition to its pawn-broking activities, FirstCash provides unsecured consumer loans designed to meet urgent cash needs.

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