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

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

First Capital Trading Down 4.4 %

FCAP stock opened at $31.07 on Friday. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.29. The firm has a market cap of $104.08 million, a P/E ratio of 8.80 and a beta of 0.63. First Capital has a 1-year low of $24.40 and a 1-year high of $38.00. The business’s 50 day moving average is $34.95 and its 200-day moving average is $32.15.

First Capital (NASDAQ:FCAP) last announced its quarterly earnings results on Friday, October 25th. The savings and loans company reported $0.87 earnings per share for the quarter. The firm 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 company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 3.73%. The ex-dividend date is Friday, December 13th. First Capital’s dividend payout ratio is currently 32.86%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in First Capital during the 2nd quarter valued at $34,000. Empowered Funds LLC boosted its stake in First Capital by 5.0% in the third quarter. Empowered Funds LLC now owns 14,030 shares of the savings and loans company’s stock worth $490,000 after purchasing an additional 670 shares in the last quarter. Geode Capital Management LLC grew 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 last quarter. Finally, Siena Capital Partners GP LLC increased its stake in shares of 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 in the last quarter. 11.65% of the stock is 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.