First Capital (NASDAQ:FCAP) Issues Earnings Results

by · The Markets Daily

First Capital (NASDAQ:FCAP – Get Free Report) issued its quarterly earnings data 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 Performance

NASDAQ FCAP traded down $1.34 on Friday, hitting $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 business’s fifty day moving average is $54.36 and its two-hundred day moving average is $45.97. The firm has a market capitalization of $170.31 million, a price-to-earnings ratio of 11.54 and a beta of 0.64.

First Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Friday, December 12th were given a $0.31 dividend. 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 payout ratio is currently 28.12%.

Institutional Investors Weigh In On First Capital

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Mariner LLC increased its holdings in shares of First Capital by 2.8% in the third quarter. Mariner LLC now owns 11,291 shares of the savings and loans company’s stock worth $517,000 after buying an additional 310 shares during the period. Bank of America Corp DE boosted its holdings in First Capital by 57.7% during the 3rd quarter. Bank of America Corp DE now owns 3,347 shares of the savings and loans company’s stock valued at $153,000 after acquiring an additional 1,225 shares during the period. Raymond James Financial Inc. boosted its holdings in First Capital by 7.6% during the 3rd quarter. Raymond James Financial Inc. now owns 14,564 shares of the savings and loans company’s stock valued at $667,000 after acquiring an additional 1,028 shares during the period. Bridgeway Capital Management LLC grew its position in First Capital by 7.9% during the 3rd quarter. Bridgeway Capital Management LLC now owns 34,703 shares of the savings and loans company’s stock worth $1,589,000 after acquiring an additional 2,526 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in First Capital by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 71,010 shares of the savings and loans company’s stock worth $3,252,000 after purchasing an additional 264 shares during the period. Hedge funds and other institutional investors own 11.65% of the company’s stock.

Analyst Upgrades and Downgrades

FCAP has been the subject of several research reports. Wall Street Zen raised First Capital to a “hold” rating in a report on Saturday, January 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of First Capital in a report on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

Check Out Our Latest Analysis on First Capital

First Capital Company Profile

(Get Free Report)

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.

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