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 $0.87 earnings per share for the quarter, reports. First Capital had a return on equity of 11.78% and a net margin of 22.04%. The company had revenue of $10.93 million for the quarter.

First Capital Trading Down 0.2 %

First Capital stock opened at $33.83 on Friday. The company has a current ratio of 0.68, a quick ratio of 0.67 and a debt-to-equity ratio of 0.31. The business’s fifty day simple moving average is $33.85 and its two-hundred day simple moving average is $31.14. First Capital has a 12 month low of $22.95 and a 12 month high of $38.00. The company has a market capitalization of $113.33 million, a price-to-earnings ratio of 9.40 and a beta of 0.64.

First Capital Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 3.43%. This is an increase from First Capital’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Friday, September 13th. First Capital’s payout ratio is 32.22%.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on First Capital in a research report on Wednesday. They set a “hold” rating on the stock.

Insiders Place Their Bets

In related news, Director John Shireman bought 1,000 shares of the company’s stock in a transaction on Friday, August 2nd. The shares were acquired at an average cost of $31.93 per share, with a total value of $31,930.00. Following the completion of the acquisition, the director now owns 1,000 shares of the company’s stock, valued at $31,930. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 4.39% of the company’s stock.

Institutional Inflows and Outflows

An institutional investor recently raised its position in First Capital stock. Empowered Funds LLC lifted its holdings in First Capital, Inc. (NASDAQ:FCAP) by 7.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,460 shares of the savings and loans company’s stock after purchasing an additional 875 shares during the quarter. Empowered Funds LLC owned 0.37% of First Capital worth $361,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 11.65% of the company’s stock.

First Capital Company Profile

First Capital, Inc operates as the bank holding company for First Harrison Bank that provides various banking services to individuals and business customers. The company offers various deposit instruments, including non-interest-bearing checking accounts, negotiable order of withdrawal accounts, money market accounts, regular savings accounts, certificates of deposit, and retirement savings plans.