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

StockNews.com began coverage on shares of First Capital (NASDAQ:FCAP) in a research report sent to investors on Sunday morning. The firm issued a hold rating on the savings and loans company’s stock.

First Capital Stock Performance

First Capital stock opened at $31.32 on Friday. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $104.92 million, a P/E ratio of 8.87 and a beta of 0.57. The stock’s 50 day moving average is $31.94 and its 200 day moving average is $32.64. First Capital has a twelve month low of $26.03 and a twelve month high of $38.00.

First Capital (NASDAQ:FCAP) last posted its quarterly earnings results on Friday, October 25th. The savings and loans company reported $0.87 earnings per share for the quarter. The company had revenue of $10.93 million for the quarter. First Capital had a return on equity of 10.82% and a net margin of 20.87%.

First Capital Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were paid a $0.29 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.16 annualized dividend and a dividend yield of 3.70%. First Capital’s payout ratio is currently 32.86%.

Institutional Trading of First Capital

Several hedge funds and other institutional investors have recently made changes to their positions in FCAP. Empowered Funds LLC lifted its position in First Capital by 5.0% in the 3rd quarter. Empowered Funds LLC now owns 14,030 shares of the savings and loans company’s stock valued at $490,000 after acquiring an additional 670 shares in the last quarter. Siena Capital Partners GP LLC lifted its position in First Capital by 17.4% in the 3rd quarter. Siena Capital Partners GP LLC now owns 103,032 shares of the savings and loans company’s stock valued at $3,602,000 after acquiring an additional 15,277 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in First Capital by 4.4% in the 3rd quarter. Geode Capital Management LLC now owns 35,687 shares of the savings and loans company’s stock valued at $1,248,000 after acquiring an additional 1,520 shares in the last quarter. Hedge funds and other 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.