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

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

First Capital Stock Performance

First Capital stock opened at $37.05 on Friday. The firm has a 50 day simple moving average of $33.10 and a 200-day simple moving average of $33.24. First Capital has a 1-year low of $26.73 and a 1-year high of $38.00. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.70 and a quick ratio of 0.70. The stock has a market cap of $124.19 million, a price-to-earnings ratio of 10.38 and a beta of 0.56.

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

First Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a $0.29 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.16 annualized dividend and a dividend yield of 3.13%. First Capital’s dividend payout ratio is currently 32.49%.

Hedge Funds Weigh In On First Capital

Several large investors have recently made changes to their positions in the stock. Bridgeway Capital Management LLC lifted its holdings in shares of First Capital by 2.3% in the 4th quarter. Bridgeway Capital Management LLC now owns 29,740 shares of the savings and loans company’s stock worth $949,000 after acquiring an additional 675 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of First Capital by 7.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 19,939 shares of the savings and loans company’s stock worth $636,000 after acquiring an additional 1,440 shares during the last quarter. Fourthstone LLC acquired a new position in shares of First Capital in the 4th quarter worth approximately $1,824,000. Raymond James Financial Inc. acquired a new position in shares of First Capital in the 4th quarter worth approximately $292,000. Finally, Truffle Hound Capital LLC acquired a new position in shares of First Capital in the 4th quarter worth approximately $1,193,000. 11.65% of the stock is currently 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.