First Capital (NASDAQ:FCAP) Releases Quarterly Earnings Results

Key Points

• First Capital (NASDAQ:FCAP) reported earnings of $1.13 per share with a net margin of 20.51% and a return on equity of 10.64%.
• The company declared a quarterly dividend of $0.29 per share, resulting in an annualized dividend of $1.16 and a yield of 3.07%.
• Jones Financial Companies Lllp significantly increased its stake in First Capital by 3,288.0% during the first quarter, now holding 0.10% of the company’s stock.

First Capital (NASDAQ:FCAP - Get Free Report) announced its quarterly earnings data on Friday. The savings and loans company reported $1.13 earnings per share (EPS) for the quarter, Zacks reports. First Capital had a return on equity of 11.23% and a net margin of 21.45%. The business had revenue of $12.43 million during the quarter.

First Capital Stock Performance

NASDAQ FCAP traded down $0.46 during trading hours on Wednesday, hitting $37.80. The company had a trading volume of 2,101 shares, compared to its average volume of 10,158. First Capital has a 1-year low of $28.50 and a 1-year high of $53.85. The company has a market cap of $126.82 million, a PE ratio of 9.59 and a beta of 0.62. The business has a 50 day moving average of $43.53 and a 200-day moving average of $40.41.

First Capital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, June 13th were given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 3.07%. The ex-dividend date was Friday, June 13th. First Capital's payout ratio is 29.44%.

Analysts Set New Price Targets

Separately, Wall Street Zen initiated coverage on First Capital in a research report on Thursday, April 17th. They issued a "hold" rating on the stock.

Institutional Trading of First Capital

A hedge fund recently raised its stake in First Capital stock. Empowered Funds LLC lifted its stake in First Capital, Inc. (NASDAQ:FCAP - Free Report) by 6.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,713 shares of the savings and loans company's stock after acquiring an additional 1,008 shares during the period. Empowered Funds LLC owned 0.47% of First Capital worth $599,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 11.65% of the company's stock.

About First Capital

First Capital, Inc operates as the bank holding company for First Harrison Bank that provides various banking services to individuals and business customers. The company offers various deposit instruments, including non-interest-bearing checking accounts, negotiable order of withdrawal accounts, money market accounts, regular savings accounts, certificates of deposit, and retirement savings plans.