First Capital (NASDAQ:FCAP) and Pathfinder Bancorp (NASDAQ:PBHC) Head-To-Head Contrast

Insider & Institutional Ownership

11.7% of First Capital shares are owned by institutional investors. Comparatively, 26.7% of Pathfinder Bancorp shares are owned by institutional investors. 4.0% of First Capital shares are owned by insiders. Comparatively, 22.4% of Pathfinder Bancorp shares are owned by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock will outperform the market over the long term.

Volatility and Risk

First Capital has a beta of 0.69, indicating that its share price is 31% less volatile than the S&P 500. Comparatively, Pathfinder Bancorp has a beta of 0.16, indicating that its share price is 84% less volatile than the S&P 500.

Dividends

First Capital pays an annual dividend of $1.16 per share and has a dividend yield of 3.2%. Pathfinder Bancorp pays an annual dividend of $0.40 per share and has a dividend yield of 2.8%. First Capital pays out 29.4% of its earnings in the form of a dividend. Pathfinder Bancorp pays out 114.3% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. First Capital has increased its dividend for 2 consecutive years and Pathfinder Bancorp has increased its dividend for 1 consecutive years. First Capital is clearly the better dividend stock, given its higher yield and longer track record of dividend growth.

Earnings and Valuation

This table compares First Capital and Pathfinder Bancorp”s gross revenue, earnings per share and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
First Capital	$58.13 million	2.08	$11.94 million	$3.94	9.12
Pathfinder Bancorp	$87.92 million	0.77	$3.38 million	$0.35	40.57

First Capital has higher earnings, but lower revenue than Pathfinder Bancorp. First Capital is trading at a lower price-to-earnings ratio than Pathfinder Bancorp, indicating that it is currently the more affordable of the two stocks.

Profitability

This table compares First Capital and Pathfinder Bancorp’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
First Capital	21.45%	11.23%	1.10%
Pathfinder Bancorp	2.98%	2.16%	0.18%

Summary

First Capital beats Pathfinder Bancorp on 10 of the 14 factors compared between the two stocks.

About First Capital

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. It also provides residential mortgage loans, construction loans for residential and commercial properties, and commercial real estate loans, as well as commercial business loans. In addition, the company originates mortgage loans for sale in the secondary market and sells non-deposit investment products; and offers various secured or guaranteed consumer loans comprising automobile and truck loans, home equity loans, home improvement loans, boat loans, mobile home loans, credit cards and other personal loans, and loans secured by savings deposits, as well as unsecured consumer loans. First Capital, Inc. was founded in 1891 and is based in Corydon, Indiana.

About Pathfinder Bancorp

Pathfinder Bancorp, Inc. operates as a bank holding company for Pathfinder Bank that provides various banking and financial products and services in New York. The company's deposit products include checking, savings, and money market deposit accounts; certificates of deposit; and demand and time deposits. Its loan portfolio comprises commercial real estate, commercial, residential real estate, construction, and tax-exempt loans; home equity loans and junior liens; and consumer loans comprising automobile, recreational vehicles, and unsecured personal loans, as well as unsecured lines of credit and loans secured by deposit accounts. The company is also involved in the property, casualty, and life insurance brokerage business. It primarily serves individuals, families, small to mid-size businesses, and municipalities. The company was founded in 1859 and is headquartered in Oswego, New York.