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

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

First Capital Trading Down 0.6 %

FCAP opened at $30.31 on Tuesday. 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 has a fifty-two week low of $24.40 and a fifty-two week high of $38.00. The company’s 50 day moving average price is $34.28 and its two-hundred day moving average price is $32.30. The firm has a market capitalization of $101.60 million, a price-to-earnings ratio of 8.59 and a beta of 0.58.

First Capital (NASDAQ:FCAP) last posted its quarterly earnings data on Friday, October 25th. The savings and loans company reported $0.87 earnings per share for the quarter. The business had revenue of $10.93 million during the quarter. First Capital had a return on equity of 10.82% and a net margin of 20.87%.

First Capital Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 3.83%. The ex-dividend date is Friday, December 13th. First Capital’s payout ratio is presently 32.86%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Empowered Funds LLC increased its position in shares of First Capital by 5.0% during the third quarter. Empowered Funds LLC now owns 14,030 shares of the savings and loans company’s stock worth $490,000 after buying an additional 670 shares during the period. Geode Capital Management LLC grew its holdings in 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 acquiring an additional 1,520 shares during the period. Finally, Siena Capital Partners GP LLC grew its holdings in First Capital by 17.4% during the 3rd quarter. Siena Capital Partners GP LLC now owns 103,032 shares of the savings and loans company’s stock worth $3,602,000 after acquiring an additional 15,277 shares during the period. Institutional investors and hedge funds 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.