StockNews.com Begins Coverage on First Capital (NASDAQ:FCAP)

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

First Capital Stock Up 2.4 %

First Capital stock opened at $32.25 on Monday. The business has a fifty day moving average price of $31.75 and a 200-day moving average price of $32.70. First Capital has a 1-year low of $26.03 and a 1-year high of $38.00. The stock has a market capitalization of $108.10 million, a price-to-earnings ratio of 9.14 and a beta of 0.57. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.70 and a quick ratio of 0.70.

First Capital (NASDAQ:FCAP) last issued 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 return on equity of 10.82% and a net margin of 20.87%.

First Capital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 13th were paid a dividend of $0.29 per share. The ex-dividend date was Friday, December 13th. This represents a $1.16 dividend on an annualized basis and a yield of 3.60%. First Capital’s payout ratio is 32.49%.

Hedge Funds Weigh In On First Capital

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Empowered Funds LLC grew its stake in First Capital by 5.0% during the 3rd quarter. Empowered Funds LLC now owns 14,030 shares of the savings and loans company’s stock valued at $490,000 after purchasing an additional 670 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of 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 purchasing an additional 1,520 shares during the period. Finally, Siena Capital Partners GP LLC boosted its position in First Capital by 17.4% in the third 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 buying an additional 15,277 shares during the last quarter. Hedge funds and other institutional investors own 11.65% of the company’s stock.

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.