First Capital (NASDAQ:FCAP) Issues Earnings Results

First Capital (NASDAQ:FCAP) issued its quarterly earnings results on Friday. The savings and loans company reported $1.43 earnings per share (EPS) for the quarter, Zacks reports. The firm 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 FCAP opened at $60.72 on Friday. The company has a market capitalization of $203.41 million, a P/E ratio of 11.61 and a beta of 0.71. First Capital has a one year low of $33.73 and a one year high of $71.00. The business’s 50 day simple moving average is $61.61 and its 200-day simple moving average is $55.55.

First Capital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 12th were paid a $0.31 dividend. The ex-dividend date was Friday, June 12th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.0%. First Capital’s payout ratio is 23.71%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in FCAP. Russell Investments Group Ltd. increased its position in First Capital by 105.2% in the 4th quarter. Russell Investments Group Ltd. now owns 554 shares of the savings and loans company’s stock valued at $33,000 after acquiring an additional 284 shares in the last quarter. JPMorgan Chase & Co. increased 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 valued at $64,000 after buying an additional 1,547 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of First Capital during the second quarter valued at $74,000. Bank of America Corp DE boosted its holdings 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 acquiring an additional 1,450 shares during the last quarter. Finally, New York State Common Retirement Fund bought a new stake in First Capital during the 2nd quarter worth about $107,000. 11.65% of the stock is owned by institutional investors.

Analyst Ratings Changes

FCAP has been the subject of a number of recent research reports. 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 note on Friday, July 17th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, First Capital presently has a consensus rating of “Moderate Buy”.

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.