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

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

First Capital Price Performance

FCAP opened at $38.21 on Tuesday. The stock has a fifty day moving average price of $35.73 and a 200 day moving average price of $34.24. 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 has a 1 year low of $26.73 and a 1 year high of $39.40. The stock has a market cap of $128.08 million, a price-to-earnings ratio of 10.70 and a beta of 0.52.

First Capital (NASDAQ:FCAP) last announced its quarterly 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 Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were paid a dividend of $0.29 per share. The ex-dividend date was Friday, March 14th. This represents a $1.16 annualized dividend and a dividend yield of 3.04%. First Capital’s dividend payout ratio (DPR) is 32.49%.

Institutional Investors Weigh In On First Capital

Institutional investors and hedge funds have recently modified their holdings of the business. Raymond James Financial Inc. bought a new position in First Capital during the fourth quarter valued at about $292,000. Empowered Funds LLC raised its stake in shares of First Capital by 4.8% in the 4th quarter. Empowered Funds LLC now owns 14,705 shares of the savings and loans company’s stock valued at $469,000 after acquiring an additional 675 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings 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 purchasing an additional 1,440 shares during the last quarter. Commonwealth Equity Services LLC boosted its position in First Capital by 91.8% during the fourth quarter. Commonwealth Equity Services LLC now owns 21,319 shares of the savings and loans company’s stock worth $688,000 after purchasing an additional 10,204 shares during the period. Finally, Bridgeway Capital Management LLC grew its holdings in First Capital by 2.3% during the fourth quarter. Bridgeway Capital Management LLC now owns 29,740 shares of the savings and loans company’s stock valued at $949,000 after purchasing an additional 675 shares during the last quarter. 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.