FirstCash Holdings, Inc. (NASDAQ:FCFS) Shares Sold by Hancock Whitney Corp

Hancock Whitney Corp trimmed its holdings in FirstCash Holdings, Inc. (NASDAQ:FCFS) by 8.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 2,433 shares of the company’s stock after selling 239 shares during the period. Hancock Whitney Corp’s holdings in FirstCash were worth $279,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. SG Capital Management LLC purchased a new position in shares of FirstCash during the 1st quarter worth $3,348,000. CWA Asset Management Group LLC acquired a new stake in shares of FirstCash during the third quarter valued at about $1,576,000. Boston Partners raised its stake in shares of FirstCash by 17.8% in the 1st quarter. Boston Partners now owns 621,534 shares of the company’s stock valued at $78,347,000 after acquiring an additional 94,010 shares during the period. Atria Investments Inc acquired a new position in shares of FirstCash in the 1st quarter worth approximately $1,189,000. Finally, Natixis Advisors LLC boosted its position in shares of FirstCash by 174.3% during the 3rd quarter. Natixis Advisors LLC now owns 159,140 shares of the company’s stock worth $18,269,000 after purchasing an additional 101,130 shares during the period. Institutional investors and hedge funds own 80.30% of the company’s stock.

FirstCash Price Performance

Shares of FCFS opened at $108.67 on Thursday. The company has a quick ratio of 3.23, a current ratio of 4.31 and a debt-to-equity ratio of 0.87. FirstCash Holdings, Inc. has a fifty-two week low of $101.62 and a fifty-two week high of $133.64. The company has a market cap of $4.86 billion, a P/E ratio of 20.12 and a beta of 0.64. The firm’s 50 day moving average price is $110.17 and its 200 day moving average price is $112.01.

FirstCash (NASDAQ:FCFS) last announced its quarterly earnings data on Thursday, October 24th. The company reported $1.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.62 by $0.05. The business had revenue of $837.30 million for the quarter, compared to analysts’ expectations of $843.94 million. FirstCash had a return on equity of 14.97% and a net margin of 7.29%. The company’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period last year, the firm earned $1.56 earnings per share. On average, research analysts forecast that FirstCash Holdings, Inc. will post 6.61 earnings per share for the current fiscal year.

FirstCash Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th were given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date of this dividend was Friday, November 15th. FirstCash’s dividend payout ratio is presently 28.15%.

Insider Buying and Selling

In other FirstCash news, CFO R Douglas Orr sold 2,000 shares of the firm’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $105.68, for a total value of $211,360.00. Following the sale, the chief financial officer now directly owns 88,715 shares in the company, valued at $9,375,401.20. This trade represents a 2.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Douglas Richard Rippel sold 7,316 shares of FirstCash stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $119.98, for a total value of $877,773.68. Following the sale, the director now directly owns 4,735,843 shares of the company’s stock, valued at $568,206,443.14. This trade represents a 0.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 13,290 shares of company stock worth $1,565,853. Company insiders own 14.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. TD Cowen cut their target price on FirstCash from $134.00 to $130.00 and set a “buy” rating on the stock in a research report on Monday, October 28th. Stephens assumed coverage on FirstCash in a report on Wednesday, November 13th. They issued an “overweight” rating and a $137.00 price objective on the stock.

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.