First Capital (NASDAQ:FCAP) Posts Quarterly Earnings Results

First Capital (NASDAQ:FCAP) announced its quarterly earnings data 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 NASDAQ FCAP traded up $0.76 during mid-day trading on Friday, hitting $60.72. The company had a trading volume of 15,217 shares, compared to its average volume of 6,857. First Capital has a 12 month low of $33.73 and a 12 month high of $71.00. The stock has a market cap of $203.41 million, a price-to-earnings ratio of 11.61 and a beta of 0.71. The firm’s 50 day simple moving average is $61.47 and its two-hundred day simple moving average is $55.51.

First Capital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 12th were issued a $0.31 dividend. The ex-dividend date of this dividend was Friday, June 12th. This represents a $1.24 annualized dividend and a dividend yield of 2.0%. First Capital’s dividend payout ratio (DPR) is 23.71%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of FCAP. Geode Capital Management LLC lifted its position in First Capital by 109.7% in the second quarter. Geode Capital Management LLC now owns 78,226 shares of the savings and loans company’s stock worth $3,231,000 after purchasing an additional 40,918 shares during the period. Vanguard Group Inc. boosted its stake in First Capital by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 71,010 shares of the savings and loans company’s stock valued at $3,252,000 after purchasing an additional 264 shares in the last quarter. State Street Corp increased its position in shares of First Capital by 24.9% during the 4th quarter. State Street Corp now owns 45,460 shares of the savings and loans company’s stock valued at $2,691,000 after purchasing an additional 9,071 shares during the period. Bridgeway Capital Management LLC increased its position in shares of First Capital by 7.9% during the 3rd quarter. Bridgeway Capital Management LLC now owns 34,703 shares of the savings and loans company’s stock valued at $1,589,000 after purchasing an additional 2,526 shares during the period. Finally, Empowered Funds LLC raised its stake in shares of First Capital by 6.9% in the 1st quarter. Empowered Funds LLC now owns 15,713 shares of the savings and loans company’s stock worth $599,000 after buying an additional 1,008 shares in the last quarter. Institutional investors own 11.65% of the company’s stock.

Analyst Upgrades and Downgrades

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

About First Capital

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.