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

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

First Capital Price Performance

Shares of FCAP opened at $34.99 on Wednesday. The business’s 50 day moving average is $31.88 and its 200 day moving average is $32.90. The company has a market capitalization of $117.22 million, a PE ratio of 9.80 and a beta of 0.56. First Capital has a 12-month low of $26.73 and a 12-month high of $38.00. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.29.

First Capital (NASDAQ:FCAP) last issued its earnings results 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 firm also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 3.32%. The ex-dividend date was Friday, December 13th. First Capital’s dividend payout ratio (DPR) is presently 32.49%.

Institutional Trading of First Capital

A number of large investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its stake in 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 bought a new stake in First Capital in the 4th quarter worth approximately $1,824,000. Raymond James Financial Inc. bought a new stake in First Capital in the 4th quarter worth approximately $292,000. Truffle Hound Capital LLC bought a new stake in First Capital in the 4th quarter worth approximately $1,193,000. Finally, Commonwealth Equity Services LLC increased its stake in First Capital by 91.8% in the 4th quarter. Commonwealth Equity Services LLC now owns 21,319 shares of the savings and loans company’s stock worth $688,000 after acquiring an additional 10,204 shares during the last quarter. 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.