First Capital (NASDAQ:FCAP) Releases Earnings Results

First Capital (NASDAQ:FCAP) issued its earnings results on Friday. The savings and loans company reported $1.53 earnings per share for the quarter, Zacks reports. The company had revenue of $14.80 million for the quarter. First Capital had a net margin of 26.79% and a return on equity of 13.39%.

First Capital Trading Down 0.9%

FCAP stock opened at $63.35 on Friday. First Capital has a 52 week low of $41.63 and a 52 week high of $71.00. The company has a market capitalization of $211.91 million, a price-to-earnings ratio of 11.08 and a beta of 0.71. The firm’s 50-day moving average is $62.49 and its two-hundred day moving average is $60.77.

First Capital Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Friday, September 11th were paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend was Friday, September 11th. This is a positive change from First Capital’s previous quarterly dividend of $0.31. First Capital’s dividend payout ratio is 22.38%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of First Capital from a “hold (c)” rating to a “buy (b)” rating in a report on Friday, August 28th. Two research analysts have rated the stock with a Buy rating. According to MarketBeat, the stock currently has a consensus rating of “Buy”.

First Capital Company Profile

First Capital, Inc is a bank holding company headquartered in Corydon, Indiana. Through its subsidiary, First Harrison Bank, the company provides community banking services to individuals, families, businesses and organizations.

First Harrison Bank offers deposit products, residential and commercial real estate lending, consumer loans, commercial loans and other financing solutions. Its services also include online and mobile banking, cash-management tools and related banking products designed to support personal and business financial needs.

Founded in 1891, First Harrison Bank has a longstanding history of serving communities in southern Indiana.