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1st Cap Bancorp (1st Cap Bancorp) Beta : 0.40 (As of May. 13, 2024)


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What is 1st Cap Bancorp Beta?

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2024-05-13), 1st Cap Bancorp's Beta is 0.40.


1st Cap Bancorp Beta Historical Data

The historical data trend for 1st Cap Bancorp's Beta can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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1st Cap Bancorp Beta Chart

1st Cap Bancorp Annual Data
Trend Dec08 Dec09 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Beta
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.68 0.80 0.74 0.63 0.44

1st Cap Bancorp Quarterly Data
Dec17 Dec18 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Beta Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.33 0.44 0.51 0.44 0.39

Competitive Comparison of 1st Cap Bancorp's Beta

For the Banks - Regional subindustry, 1st Cap Bancorp's Beta, along with its competitors' market caps and Beta data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


1st Cap Bancorp's Beta Distribution in the Banks Industry

For the Banks industry and Financial Services sector, 1st Cap Bancorp's Beta distribution charts can be found below:

* The bar in red indicates where 1st Cap Bancorp's Beta falls into.



1st Cap Bancorp Beta Calculation

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. A stock's beta can be calculated by dividing the product of the covariance of the individual stock's returns and the market's returns by the variance of the market's returns over a specified period. Basically, GuruFocus uses the returns calculated over three-year period.


1st Cap Bancorp  (OTCPK:FISB) Beta Explanation

Beta is a measure of the volatility, or systematic risk, of a security or a portfolio in comparison to the market as a whole. We usually compare beta to 1. A beta of 1 indicates that the security's price will move with the market. A beta of less than 1 means that the security will be less volatile than the market. A beta of greater than 1 indicates that the security's price will be more volatile than the market.

Beta is primarily used in the Capital Asset Pricing Model (CAPM) to calculate the Cost of Equity, which can be used in the calculation of WACC %. The formula of Cost of Equity is:
Cost of Equity = Risk-Free Rate of Return + Beta of Asset * (Expected Return of the Market - Risk-Free Rate of Return)


1st Cap Bancorp Beta Related Terms

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1st Cap Bancorp (1st Cap Bancorp) Business Description

Traded in Other Exchanges
N/A
Address
150 Main Street, Suite 150, Salinas, CA, USA, 93901
1st Cap Bancorp, formerly 1st Capital Bank operates as a community bank. It provides a wide range of credit products, including loans under various government programs such as those provided through the U.S. small business administration and the U.S. Department of agriculture. In addition, the bank also provides cash management services. The bank serves commercial enterprises, professionals, real estate investors, family business entities, and residents along the Central Coast Region of California.