First Capital (NASDAQ:FCAP) Issues 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 return on equity of 12.04% and a net margin of 23.29%.

First Capital Stock Down 2.6%

NASDAQ FCAP traded down $1.34 on Friday, reaching $50.87. 1,916 shares of the stock traded hands, compared to its average volume of 7,468. First Capital has a 12 month low of $31.21 and a 12 month high of $71.00. The firm’s fifty day simple moving average is $54.36 and its 200 day simple moving average is $45.97. The company has a market cap of $170.31 million, a price-to-earnings ratio of 11.54 and a beta of 0.64.

First Capital Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Friday, December 12th were paid a dividend of $0.31 per share. The ex-dividend date of this dividend was Friday, December 12th. This represents a $1.24 annualized dividend and a yield of 2.4%. First Capital’s dividend payout ratio (DPR) is presently 28.12%.

Hedge Funds Weigh In On First Capital

Hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC grew 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 acquiring an additional 40,918 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in First Capital in the 2nd quarter worth approximately $439,000. Jones Financial Companies Lllp boosted its position in First Capital by 3,288.0% during the first quarter. Jones Financial Companies Lllp now owns 3,388 shares of the savings and loans company’s stock worth $129,000 after purchasing an additional 3,288 shares during the period. New York State Common Retirement Fund acquired a new position in First Capital during the second quarter valued at approximately $107,000. Finally, Bridgeway Capital Management LLC grew its holdings in First Capital by 7.9% during the third 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 last quarter. 11.65% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have weighed in on FCAP. Wall Street Zen upgraded First Capital to a “hold” rating in a report on Saturday, January 10th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of First Capital in a report on Monday, December 29th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

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.