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

StockNews.com started coverage on shares of First Capital (NASDAQ:FCAPGet Rating) in a research note published on Monday. The brokerage issued a hold rating on the savings and loans company’s stock.

First Capital Stock Performance

NASDAQ FCAP opened at $24.17 on Monday. First Capital has a 52-week low of $23.44 and a 52-week high of $42.94. The company has a market capitalization of $81.45 million, a P/E ratio of 7.26 and a beta of 0.22. The company has a fifty day moving average of $25.18 and a 200-day moving average of $28.40.

First Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 30th. Shareholders of record on Friday, December 16th will be given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.30%. The ex-dividend date is Thursday, December 15th. First Capital’s payout ratio is 31.23%.

Hedge Funds Weigh In On First Capital

Hedge funds have recently modified their holdings of the company. State Street Corp boosted its stake in shares of First Capital by 10.6% during the 1st quarter. State Street Corp now owns 9,576 shares of the savings and loans company’s stock valued at $370,000 after purchasing an additional 920 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of First Capital by 3.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 19,933 shares of the savings and loans company’s stock valued at $512,000 after purchasing an additional 683 shares in the last quarter. Finally, Millennium Management LLC boosted its stake in First Capital by 7.7% during the second quarter. Millennium Management LLC now owns 41,914 shares of the savings and loans company’s stock worth $1,135,000 after acquiring an additional 2,996 shares in the last quarter. Hedge funds and other institutional investors own 10.36% of the company’s stock.

About First Capital

(Get Rating)

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.

Further Reading

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