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

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

First Capital Price Performance

Shares of FCAP stock opened at $36.66 on Friday. The firm has a market cap of $122.92 million, a price-to-earnings ratio of 10.27 and a beta of 0.63. First Capital has a 12 month low of $22.95 and a 12 month high of $38.00. The company has a quick ratio of 0.67, a current ratio of 0.68 and a debt-to-equity ratio of 0.31. The stock has a 50-day moving average price of $31.80 and a 200 day moving average price of $30.03.

First Capital (NASDAQ:FCAP) last issued its quarterly earnings results on Friday, July 26th. The savings and loans company reported $0.85 EPS for the quarter. First Capital had a net margin of 22.04% and a return on equity of 11.78%. The company had revenue of $10.68 million during the quarter.

First Capital Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be given a $0.29 dividend. This is a positive change from First Capital’s previous quarterly dividend of $0.27. This represents a $1.16 annualized dividend and a dividend yield of 3.16%. The ex-dividend date is Friday, September 13th. First Capital’s dividend payout ratio (DPR) is currently 32.49%.

Insider Activity at First Capital

In related news, Director John Shireman bought 1,000 shares of First Capital stock in a transaction on Friday, August 2nd. The shares were purchased at an average price of $31.93 per share, for a total transaction of $31,930.00. Following the completion of the acquisition, the director now owns 1,000 shares in the company, valued at $31,930. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 4.39% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On First Capital

An institutional investor recently raised its position in First Capital stock. Empowered Funds LLC increased its holdings in shares of First Capital, Inc. (NASDAQ:FCAP) by 7.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 12,460 shares of the savings and loans company’s stock after buying an additional 875 shares during the quarter. Empowered Funds LLC owned 0.37% of First Capital worth $361,000 as of its most recent SEC filing. 11.65% of the stock is currently owned by hedge funds and other institutional investors.

First Capital Company Profile

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.