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

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

First Capital Trading Up 6.2 %

Shares of NASDAQ:FCAP opened at $33.23 on Thursday. First Capital has a 52-week low of $22.95 and a 52-week high of $33.39. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.67 and a current ratio of 0.68. The company has a market capitalization of $111.42 million, a P/E ratio of 9.31 and a beta of 0.63. The company has a 50-day simple moving average of $31.01 and a 200 day simple moving average of $29.56.

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

First Capital Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 3.49%. This is a boost from First Capital’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Friday, September 13th. First Capital’s payout ratio is 32.49%.

Insider Activity

In related news, Director John Shireman bought 1,000 shares of First Capital stock in a transaction that occurred on Friday, August 2nd. The stock was acquired at an average price of $31.93 per share, with a total value of $31,930.00. Following the acquisition, the director now owns 1,000 shares of the company’s stock, valued at approximately $31,930. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 4.39% of the company’s stock.

Institutional Investors Weigh In On First Capital

A hedge fund recently raised its stake in First Capital stock. Empowered Funds LLC boosted its position in First Capital, Inc. (NASDAQ:FCAP) by 7.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,460 shares of the savings and loans company’s stock after purchasing an additional 875 shares during the quarter. Empowered Funds LLC owned about 0.37% of First Capital worth $361,000 at the end of the most recent reporting period. 11.65% of the stock is currently owned by institutional investors and hedge funds.

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.