First Capital (NASDAQ:FCAP) Posts Quarterly Earnings Results

First Capital (NASDAQ:FCAP) released its quarterly earnings results on Friday. The savings and loans company reported $1.43 earnings per share for the quarter, Zacks reports. The company had revenue of $14.29 million for the quarter. 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 opened at $60.72 on Friday. 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 10.98 and a beta of 0.71. The stock’s 50 day moving average price is $61.61 and its 200 day moving average price is $55.55.

First Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 12th were paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date was Friday, June 12th. First Capital’s dividend payout ratio (DPR) is currently 22.42%.

Hedge Funds Weigh In On First Capital

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Jones Financial Companies Lllp raised its stake in shares of First Capital by 3,288.0% in the 1st quarter. Jones Financial Companies Lllp now owns 3,388 shares of the savings and loans company’s stock worth $129,000 after buying an additional 3,288 shares in the last quarter. Empowered Funds LLC boosted its stake 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 buying an additional 1,008 shares in the last quarter. Geode Capital Management LLC boosted its stake in First Capital by 109.7% during 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 in the last quarter. JPMorgan Chase & Co. grew its holdings in First Capital by 30,940.0% during the second quarter. JPMorgan Chase & Co. now owns 1,552 shares of the savings and loans company’s stock worth $64,000 after acquiring an additional 1,547 shares during the period. Finally, New York State Common Retirement Fund acquired a new position in First Capital during the second quarter worth about $107,000. 11.65% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on the company. Weiss Ratings restated a “hold (c)” rating on shares of First Capital in a research report on Friday, July 17th. Colliers Securities upgraded First Capital to a “moderate buy” rating in a research report on Thursday, April 16th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, First Capital 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.