First Capital (NASDAQ:FCAP) Announces Quarterly Earnings Results

First Capital (NASDAQ:FCAP) announced its quarterly earnings results on Friday. The savings and loans company reported $1.46 EPS for the quarter, Zacks reports. First Capital had a net margin of 23.29% and a return on equity of 12.04%.

First Capital Stock Down 2.6%

Shares of First Capital stock opened at $50.87 on Friday. The business has a fifty day simple moving average of $54.47 and a 200-day simple moving average of $46.03. The firm has a market cap of $170.41 million, a price-to-earnings ratio of 11.54 and a beta of 0.64. First Capital has a fifty-two week low of $31.21 and a fifty-two week high of $71.00.

First Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Friday, December 12th were issued a $0.31 dividend. The ex-dividend date was Friday, December 12th. This represents a $1.24 annualized dividend and a dividend yield of 2.4%. First Capital’s dividend payout ratio is 28.12%.

Institutional Investors Weigh In On First Capital

Institutional investors and hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. grew its stake in shares of First Capital by 30,940.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,552 shares of the savings and loans company’s stock worth $64,000 after purchasing an additional 1,547 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in First Capital during the second quarter worth approximately $74,000. Bank of America Corp DE grew 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 worth $88,000 after buying an additional 1,450 shares during the last quarter. New York State Common Retirement Fund bought a new position in shares of First Capital in the second quarter valued at $107,000. Finally, Jones Financial Companies Lllp lifted its position in shares of First Capital by 3,288.0% during the 1st quarter. Jones Financial Companies Lllp now owns 3,388 shares of the savings and loans company’s stock valued at $129,000 after acquiring an additional 3,288 shares during the last quarter. 11.65% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Wall Street Zen upgraded First Capital to a “hold” rating in a research report on Saturday, January 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of First Capital in a research report on Monday, December 29th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold”.

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.