First Capital (NASDAQ:FCAP) Issues Earnings Results

First Capital (NASDAQ:FCAP) announced its quarterly earnings results on Friday. The savings and loans company reported $1.43 earnings per share (EPS) for the quarter, Zacks reports. First Capital had a return on equity of 12.82% and a net margin of 26.03%.

First Capital Price Performance

Shares of FCAP traded up $0.76 during midday trading on Friday, reaching $60.72. The stock had a trading volume of 15,217 shares, compared to its average volume of 6,857. The company has a market capitalization of $203.41 million, a P/E ratio of 11.61 and a beta of 0.71. The firm’s 50 day moving average price is $61.47 and its 200-day moving average price is $55.51. First Capital has a 52 week low of $33.73 and a 52 week high of $71.00.

First Capital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 12th were given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date was Friday, June 12th. First Capital’s dividend payout ratio is 23.71%.

Institutional Investors Weigh In On First Capital

Hedge funds and other institutional investors have recently bought and sold shares of the business. Russell Investments Group Ltd. increased its position in shares of First Capital by 105.2% in the fourth quarter. Russell Investments Group Ltd. now owns 554 shares of the savings and loans company’s stock worth $33,000 after acquiring an additional 284 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of First Capital by 30,940.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,552 shares of the savings and loans company’s stock valued at $64,000 after acquiring an additional 1,547 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in First Capital in the 2nd quarter worth approximately $74,000. Bank of America Corp DE boosted its stake in First Capital by 215.8% in the 2nd quarter. Bank of America Corp DE now owns 2,122 shares of the savings and loans company’s stock worth $88,000 after purchasing an additional 1,450 shares during the period. Finally, New York State Common Retirement Fund purchased a new position in First Capital during the 2nd quarter worth approximately $107,000. 11.65% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on FCAP. Weiss Ratings reiterated a “hold (c)” rating on shares of First Capital in a research note on Friday, July 17th. Colliers Securities raised shares of First Capital to a “moderate buy” rating in a research report on Thursday, April 16th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy”.

First Capital Company Profile

First Capital, Inc is a closed-end, non-diversified management investment company organized as a business development company (BDC) under the Investment Company Act of 1940. Listed on the NASDAQ under the ticker FCAP, the firm specializes in providing debt and equity financing solutions to U.S. middle-market companies. External management is provided by First Capital Asset Management, LLC, leveraging senior credit expertise to structure tailored financing that supports growth initiatives, recapitalizations and acquisitions.

The company’s investment portfolio comprises senior secured loans, second-lien and subordinated debt, as well as equity co-investments.