First Capital (NASDAQ:FCAP) Coverage Initiated at StockNews.com

StockNews.com started coverage on shares of First Capital (NASDAQ:FCAP) in a research note released on Wednesday morning. The firm issued a hold rating on the savings and loans company’s stock.

First Capital Price Performance

NASDAQ FCAP opened at $34.05 on Wednesday. The stock has a 50-day simple moving average of $31.76 and a 200 day simple moving average of $32.88. First Capital has a twelve month low of $26.73 and a twelve month high of $38.00. The stock has a market capitalization of $114.07 million, a PE ratio of 9.54 and a beta of 0.56. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.70 and a current ratio of 0.70.

First Capital (NASDAQ:FCAP) last announced its quarterly earnings data on Friday, January 24th. The savings and loans company reported $0.97 earnings per share (EPS) for the quarter. First Capital had a net margin of 20.54% and a return on equity of 10.84%.

First Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.41%. The ex-dividend date of this dividend was Friday, December 13th. First Capital’s dividend payout ratio is currently 32.49%.

Institutional Investors Weigh In On First Capital

A number of institutional investors have recently added to or reduced their stakes in FCAP. Raymond James Financial Inc. acquired a new position in First Capital in the 4th quarter valued at approximately $292,000. Empowered Funds LLC increased its position in shares of First Capital by 4.8% during the fourth quarter. Empowered Funds LLC now owns 14,705 shares of the savings and loans company’s stock valued at $469,000 after purchasing an additional 675 shares during the period. Commonwealth Equity Services LLC raised its stake in shares of First Capital by 91.8% in the fourth quarter. Commonwealth Equity Services LLC now owns 21,319 shares of the savings and loans company’s stock valued at $688,000 after purchasing an additional 10,204 shares in the last quarter. Truffle Hound Capital LLC bought a new position in First Capital in the fourth quarter worth $1,193,000. Finally, Geode Capital Management LLC boosted its stake in First Capital by 4.4% during the third quarter. Geode Capital Management LLC now owns 35,687 shares of the savings and loans company’s stock worth $1,248,000 after buying an additional 1,520 shares in the last quarter. 11.65% of the stock is owned by institutional investors and hedge funds.

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.