Hilltop National Bank Lowers Stock Position in FirstService Co. (NASDAQ:FSV)

Hilltop National Bank lowered its position in FirstService Co. (NASDAQ:FSV) (TSE:FSV) by 6.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,056 shares of the financial services provider’s stock after selling 71 shares during the period. Hilltop National Bank’s holdings in FirstService were worth $191,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Versant Capital Management Inc purchased a new stake in FirstService during the fourth quarter worth about $29,000. Wilmington Savings Fund Society FSB purchased a new stake in FirstService during the third quarter worth about $53,000. Benjamin Edwards Inc. increased its holdings in FirstService by 35.0% during the second quarter. Benjamin Edwards Inc. now owns 351 shares of the financial services provider’s stock worth $53,000 after buying an additional 91 shares during the last quarter. Venturi Wealth Management LLC purchased a new stake in FirstService during the third quarter worth about $66,000. Finally, Benjamin F. Edwards & Company Inc. increased its holdings in FirstService by 49.6% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 416 shares of the financial services provider’s stock worth $63,000 after buying an additional 138 shares during the last quarter. Hedge funds and other institutional investors own 69.35% of the company’s stock.

FirstService Price Performance

Shares of NASDAQ:FSV opened at $174.61 on Friday. The company has a 50-day moving average price of $186.98 and a two-hundred day moving average price of $178.43. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 1.13. FirstService Co. has a twelve month low of $141.26 and a twelve month high of $197.84. The firm has a market capitalization of $7.90 billion, a PE ratio of 72.75 and a beta of 1.06.

FirstService (NASDAQ:FSV) (TSE:FSV) last released its quarterly earnings data on Thursday, October 24th. The financial services provider reported $1.63 EPS for the quarter, beating analysts’ consensus estimates of $1.42 by $0.21. FirstService had a net margin of 2.19% and a return on equity of 16.68%. The company had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same period last year, the business earned $1.18 earnings per share. FirstService’s revenue was up 25.0% compared to the same quarter last year. Equities analysts forecast that FirstService Co. will post 4.58 EPS for the current year.

FirstService Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 7th. Stockholders of record on Tuesday, December 31st were given a $0.25 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.57%. FirstService’s dividend payout ratio (DPR) is currently 41.67%.

Analyst Ratings Changes

A number of research firms recently issued reports on FSV. Stifel Nicolaus raised their price objective on shares of FirstService from $200.00 to $215.00 and gave the stock a “buy” rating in a report on Monday, October 21st. StockNews.com upgraded shares of FirstService from a “hold” rating to a “buy” rating in a research report on Friday, October 25th. Scotiabank increased their target price on shares of FirstService from $190.00 to $200.00 and gave the stock a “sector perform” rating in a research report on Tuesday, October 15th. Finally, TD Securities increased their target price on shares of FirstService from $179.00 to $182.00 and gave the stock a “hold” rating in a research report on Thursday, October 17th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $198.33.

About FirstService

FirstService Corporation, together with its subsidiaries, provides residential property management and other essential property services to residential and commercial customers in the United States and Canada. It operates through two segments: FirstService Residential and FirstService Brands. The FirstService Residential segment offers services for private residential communities, such as condominiums, co-operatives, homeowner associations, master-planned communities, active adult and lifestyle communities, and various other residential developments.