First Capital (NASDAQ:FCAP) Issues Earnings Results

First Capital (NASDAQ:FCAP) issued its quarterly earnings data on Friday. The savings and loans company reported $1.34 earnings per share for the quarter, Zacks reports. First Capital had a return on equity of 11.23% and a net margin of 21.45%.

First Capital Stock Performance

First Capital stock opened at $42.92 on Friday. The stock has a 50-day moving average of $42.66 and a two-hundred day moving average of $42.95. First Capital has a one year low of $28.50 and a one year high of $53.85. The stock has a market cap of $144.21 million, a PE ratio of 10.89 and a beta of 0.65.

First Capital Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 12th were paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 2.9%. This is a boost from First Capital’s previous quarterly dividend of $0.29. The ex-dividend date was Friday, September 12th. First Capital’s dividend payout ratio (DPR) is 31.47%.

Insider Buying and Selling

In other news, Director Kathy Ernstberger bought 972 shares of the company’s stock in a transaction that occurred on Friday, August 29th. The shares were purchased at an average price of $41.10 per share, for a total transaction of $39,949.20. Following the completion of the transaction, the director directly owned 3,499 shares in the company, valued at approximately $143,808.90. This represents a 38.46% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. 4.01% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On First Capital

A number of large investors have recently bought and sold shares of the company. Geode Capital Management LLC boosted 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 valued at $3,231,000 after buying an additional 40,918 shares during the last quarter. Bridgeway Capital Management LLC raised its position in First Capital by 4.6% during the second quarter. Bridgeway Capital Management LLC now owns 32,177 shares of the savings and loans company’s stock valued at $1,329,000 after acquiring an additional 1,429 shares in the last quarter. Empowered Funds LLC raised its position in First Capital by 6.9% during the first quarter. Empowered Funds LLC now owns 15,713 shares of the savings and loans company’s stock valued at $599,000 after acquiring an additional 1,008 shares in the last quarter. Raymond James Financial Inc. raised its position in First Capital by 17.6% during the second quarter. Raymond James Financial Inc. now owns 13,536 shares of the savings and loans company’s stock valued at $559,000 after acquiring an additional 2,023 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new position in First Capital during the second quarter valued at approximately $439,000. Hedge funds and other institutional investors own 11.65% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of First Capital in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

First Capital Company Profile

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.