First Capital (NASDAQ:FCAP) Posts Earnings Results

Key Points

• First Capital reported quarterly EPS of $1.53, alongside a 13.39% return on equity and a 26.79% net margin.
• The stock traded at $63.35, giving the company a market capitalization of approximately $211.6 million and a price-to-earnings ratio of 11.46.
• First Capital raised its quarterly dividend to $0.32 per share from $0.31, implying a $1.28 annualized payout and a 2.0% yield; Weiss Ratings also upgraded the shares to “buy.”

First Capital (NASDAQ:FCAP - Get Free Report) posted its earnings results on Friday. The savings and loans company reported $1.53 earnings per share (EPS) for the quarter, Zacks reports. First Capital had a return on equity of 13.39% and a net margin of 26.79%.

First Capital Price Performance

NASDAQ FCAP traded down $0.59 during mid-day trading on Friday, hitting $63.35. The stock had a trading volume of 26,789 shares, compared to its average volume of 10,890. The stock has a market capitalization of $211.59 million, a price-to-earnings ratio of 11.46 and a beta of 0.71. The firm's 50 day moving average is $62.52 and its 200 day moving average is $60.75. First Capital has a twelve month low of $41.63 and a twelve month high of $71.00.

First Capital Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 11th were given a dividend of $0.32 per share. The ex-dividend date was Friday, September 11th. This is a positive change from First Capital's previous quarterly dividend of $0.31. This represents a $1.28 annualized dividend and a dividend yield of 2.0%. First Capital's dividend payout ratio (DPR) is presently 23.15%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of First Capital from a "hold (c)" rating to a "buy (b)" rating in a research note on Friday, August 28th. Two equities research analysts have rated the stock with a Buy rating. According to data from MarketBeat, the stock has an average rating of "Buy".

About First Capital

First Capital, Inc NASDAQ: FCAP is a bank holding company headquartered in Corydon, Indiana. Through its principal subsidiary, First Harrison Bank, the company provides community banking services to individuals, families, businesses and organizations in southern Indiana and surrounding markets.

First Harrison Bank offers deposit products, residential and commercial real estate lending, consumer loans, business financing and other traditional banking services. Its offerings may also include online and mobile banking, treasury management and mortgage-related services designed to support personal and commercial financial needs.

First Harrison Bank has a history of serving its local communities and operates through a network of banking offices in southern Indiana.

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