Bank of America Corp DE Sells 72,218 Shares of EZCORP, Inc. (NASDAQ:EZPW)

Bank of America Corp DE trimmed its position in EZCORP, Inc. (NASDAQ:EZPW - Free Report) by 13.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 473,387 shares of the credit services provider's stock after selling 72,218 shares during the quarter. Bank of America Corp DE owned 0.87% of EZCORP worth $5,785,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. R Squared Ltd bought a new position in shares of EZCORP in the fourth quarter worth $186,000. Empowered Funds LLC increased its position in shares of EZCORP by 5.1% in the fourth quarter. Empowered Funds LLC now owns 341,423 shares of the credit services provider's stock worth $4,172,000 after purchasing an additional 16,616 shares during the period. Allspring Global Investments Holdings LLC increased its position in shares of EZCORP by 246.7% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 32,833 shares of the credit services provider's stock worth $401,000 after purchasing an additional 23,363 shares during the period. Principal Financial Group Inc. increased its position in shares of EZCORP by 2.7% in the fourth quarter. Principal Financial Group Inc. now owns 246,887 shares of the credit services provider's stock worth $3,017,000 after purchasing an additional 6,438 shares during the period. Finally, Y Intercept Hong Kong Ltd bought a new position in shares of EZCORP in the fourth quarter worth $210,000. 99.83% of the stock is owned by institutional investors and hedge funds.

EZCORP Trading Up 0.9%

EZCORP stock traded up $0.12 during trading hours on Friday, hitting $13.54. The stock had a trading volume of 1,127,974 shares, compared to its average volume of 737,143. The company has a quick ratio of 2.13, a current ratio of 2.91 and a debt-to-equity ratio of 0.27. The stock has a market cap of $744.89 million, a price-to-earnings ratio of 11.77 and a beta of 0.59. EZCORP, Inc. has a one year low of $9.66 and a one year high of $16.60. The business's 50 day simple moving average is $14.95 and its 200-day simple moving average is $13.52.

EZCORP (NASDAQ:EZPW - Get Free Report) last posted its earnings results on Monday, April 28th. The credit services provider reported $0.34 EPS for the quarter, beating the consensus estimate of $0.32 by $0.02. The firm had revenue of $306.32 million during the quarter, compared to the consensus estimate of $310.35 million. EZCORP had a return on equity of 11.04% and a net margin of 7.25%. On average, equities analysts predict that EZCORP, Inc. will post 1.3 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Wall Street Zen cut EZCORP from a "strong-buy" rating to a "buy" rating in a research report on Thursday, May 22nd. BTIG Research assumed coverage on EZCORP in a research report on Wednesday, May 14th. They set a "neutral" rating for the company. Roth Capital set a $16.00 price objective on EZCORP in a research report on Monday, March 17th. Roth Mkm assumed coverage on EZCORP in a research report on Monday, March 17th. They set a "buy" rating and a $16.00 price objective for the company. Finally, Canaccord Genuity Group dropped their price objective on EZCORP from $25.00 to $24.00 and set a "buy" rating for the company in a research report on Tuesday, May 6th. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $18.25.

About EZCORP

EZCORP, Inc provides pawn services in the United States and Latin America. The company operates through three segments: U.S. Pawn, Latin America Pawn, and Other Investments. The company offers pawn loans collateralized by tangible personal property, jewelry, consumer electronics, tools, sporting goods, and musical instruments.