Zions Bancorporation N.A. Grows Stock Position in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Zions Bancorporation N.A. grew its stake in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) by 15.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 16,936 shares of the company's stock after acquiring an additional 2,206 shares during the period. Zions Bancorporation N.A.'s holdings in FirstCash were worth $1,755,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. FMR LLC raised its position in FirstCash by 18.3% during the 3rd quarter. FMR LLC now owns 6,712,779 shares of the company's stock valued at $770,627,000 after purchasing an additional 1,037,601 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of FirstCash by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 4,112,978 shares of the company's stock valued at $426,105,000 after acquiring an additional 22,009 shares in the last quarter. State Street Corp lifted its stake in FirstCash by 2.1% in the third quarter. State Street Corp now owns 1,386,726 shares of the company's stock worth $159,196,000 after acquiring an additional 28,415 shares during the period. Sei Investments Co. lifted its stake in FirstCash by 5.4% in the fourth quarter. Sei Investments Co. now owns 648,582 shares of the company's stock worth $67,193,000 after acquiring an additional 33,040 shares during the period. Finally, Vaughan Nelson Investment Management L.P. grew its holdings in FirstCash by 28.2% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 560,591 shares of the company's stock worth $58,076,000 after acquiring an additional 123,386 shares in the last quarter. Hedge funds and other institutional investors own 80.30% of the company's stock.

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Wall Street Analysts Forecast Growth

Separately, Stephens restated an "overweight" rating and issued a $137.00 price target on shares of FirstCash in a report on Wednesday, February 19th.

FirstCash Stock Down 0.7 %

Shares of NASDAQ:FCFS traded down $0.79 during trading on Friday, reaching $119.36. The stock had a trading volume of 146,302 shares, compared to its average volume of 256,780. The firm's 50-day simple moving average is $114.58 and its 200 day simple moving average is $110.92. The company has a current ratio of 4.14, a quick ratio of 3.15 and a debt-to-equity ratio of 0.84. FirstCash Holdings, Inc. has a one year low of $100.24 and a one year high of $133.64. The company has a market capitalization of $5.34 billion, a P/E ratio of 20.83 and a beta of 0.63.

FirstCash (NASDAQ:FCFS - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The company reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.02 by $0.10. FirstCash had a net margin of 7.64% and a return on equity of 14.99%. As a group, research analysts expect that FirstCash Holdings, Inc. will post 7.7 EPS for the current fiscal year.

FirstCash Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date was Friday, February 14th. FirstCash's dividend payout ratio (DPR) is presently 26.53%.

Insiders Place Their Bets

In related news, major shareholder Douglas Richard Rippel sold 300,000 shares of the stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $113.43, for a total value of $34,029,000.00. Following the completion of the transaction, the insider now directly owns 4,431,869 shares of the company's stock, valued at $502,706,900.67. This trade represents a 6.34 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO R Douglas Orr sold 2,000 shares of the business's stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $113.35, for a total transaction of $226,700.00. Following the sale, the chief financial officer now directly owns 100,567 shares in the company, valued at approximately $11,399,269.45. This represents a 1.95 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 14.77% of the company's stock.

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.