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

StockNews.com initiated coverage on shares of First Capital (NASDAQ:FCAP) in a research note published on Tuesday morning. The brokerage issued a hold rating on the savings and loans company’s stock.

First Capital Stock Up 1.7 %

Shares of NASDAQ FCAP opened at $32.56 on Tuesday. The firm has a market cap of $109.06 million, a P/E ratio of 9.12 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 has a 1 year low of $26.03 and a 1 year high of $38.00. The firm’s 50 day moving average price is $31.60 and its 200 day moving average price is $32.77.

First Capital (NASDAQ:FCAP) last posted 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 return on equity of 10.84% and a net margin of 20.54%.

First Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were issued a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.16 annualized dividend and a dividend yield of 3.56%. First Capital’s payout ratio is currently 32.49%.

Institutional Investors Weigh In On First Capital

A number of institutional investors have recently bought and sold shares of FCAP. Siena Capital Partners GP LLC boosted its holdings in shares of 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 purchasing an additional 15,277 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of First Capital by 4.4% during the 3rd 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 during the last quarter. Finally, Empowered Funds LLC raised its position in shares of First Capital by 4.8% in the 4th quarter. Empowered Funds LLC now owns 14,705 shares of the savings and loans company’s stock worth $469,000 after buying an additional 675 shares during the period. 11.65% of the stock is currently owned by hedge funds and other institutional investors.

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.