First Capital (NASDAQ:FCAP) Releases Quarterly Earnings Results

Key Points

• First Capital reported quarterly EPS of $1.30, with a return on equity of 12.57% and a net margin of 25.06%.
• The company declared a quarterly dividend of $0.31 (annualized $1.24), implying a 2.3% yield and a payout ratio of 25.31%.
• Shares rose to $53.78 after the report, giving a market cap of $180.16 million and a PE of 10.98, while analyst coverage is mixed with an average rating of "Moderate Buy."

First Capital (NASDAQ:FCAP - Get Free Report) released its earnings results on Friday. The savings and loans company reported $1.30 earnings per share (EPS) for the quarter, Zacks reports. First Capital had a return on equity of 12.57% and a net margin of 25.06%.

First Capital Stock Performance

Shares of NASDAQ FCAP traded up $1.06 during trading hours on Friday, hitting $53.78. 1,927 shares of the stock were exchanged, compared to its average volume of 5,948. The company has a market cap of $180.16 million, a PE ratio of 10.98 and a beta of 0.62. The company's fifty day simple moving average is $50.97 and its two-hundred day simple moving average is $50.95. First Capital has a 1-year low of $33.73 and a 1-year high of $71.00.

First Capital Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Friday, March 13th were given a dividend of $0.31 per share. The ex-dividend date was Friday, March 13th. This represents a $1.24 annualized dividend and a dividend yield of 2.3%. First Capital's dividend payout ratio (DPR) is currently 25.31%.

Analysts Set New Price Targets

FCAP has been the topic of several analyst reports. Weiss Ratings lowered First Capital from a "buy (b)" rating to a "hold (c)" rating in a report on Tuesday. Wall Street Zen upgraded shares of First Capital to a "hold" rating in a research report on Saturday, January 10th. Finally, Colliers Securities upgraded shares of First Capital to a "moderate buy" rating in a research report on Thursday, April 16th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy".

Institutional Trading of First Capital

Several large investors have recently made changes to their positions in FCAP. Russell Investments Group Ltd. boosted its position in 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 valued at $33,000 after buying an additional 284 shares in the last quarter. JPMorgan Chase & Co. boosted its position in First Capital by 30,940.0% in the second quarter. JPMorgan Chase & Co. now owns 1,552 shares of the savings and loans company's stock valued at $64,000 after buying an additional 1,547 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in First Capital in the second quarter valued at approximately $74,000. Bank of America Corp DE boosted its position in First Capital by 215.8% in the second quarter. Bank of America Corp DE now owns 2,122 shares of the savings and loans company's stock valued at $88,000 after buying an additional 1,450 shares in the last quarter. Finally, New York State Common Retirement Fund acquired a new stake in First Capital in the second quarter valued at approximately $107,000. Institutional investors and hedge funds own 11.65% of the company's stock.

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.

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