First Capital (NASDAQ:FCAP) Receives New Coverage from Analysts at StockNews.com

StockNews.com began coverage on shares of First Capital (NASDAQ:FCAP) in a research report sent to investors on Friday. The firm issued a hold rating on the savings and loans company’s stock.

First Capital Stock Performance

Shares of FCAP stock opened at $32.06 on Friday. The company has a current ratio of 0.68, a quick ratio of 0.67 and a debt-to-equity ratio of 0.31. The firm has a fifty day simple moving average of $31.26 and a two-hundred day simple moving average of $29.76. First Capital has a 12 month low of $22.95 and a 12 month high of $33.39. The firm has a market capitalization of $107.50 million, a PE ratio of 8.98 and a beta of 0.63.

First Capital (NASDAQ:FCAP) last posted its 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 announced a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 13th will be given a dividend of $0.29 per share. This is a boost from First Capital’s previous quarterly dividend of $0.27. The ex-dividend date is Friday, September 13th. This represents a $1.16 annualized dividend and a dividend yield of 3.62%. First Capital’s payout ratio is presently 32.49%.

Insider Buying and Selling

In other news, Director John Shireman acquired 1,000 shares of the business’s stock in a transaction on Friday, August 2nd. The shares were purchased at an average cost of $31.93 per share, with a total value of $31,930.00. Following the acquisition, the director now directly owns 1,000 shares of the company’s stock, valued at $31,930. The transaction was disclosed in a document filed with the SEC, which is available through this link. 4.39% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

An institutional investor recently raised its position in First Capital stock. Empowered Funds LLC lifted its holdings in First Capital, Inc. (NASDAQ:FCAP) by 7.6% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,460 shares of the savings and loans company’s stock after buying an additional 875 shares during the period. Empowered Funds LLC owned approximately 0.37% of First Capital worth $361,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 11.65% of the company’s stock.

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.