First Capital, Inc. (NASDAQ:FCAP) Sees Significant Increase in Short Interest

First Capital, Inc. (NASDAQ:FCAP) was the recipient of a significant increase in short interest during the month of December. As of December 31st, there was short interest totalling 5,700 shares, an increase of 11.8% from the December 15th total of 5,100 shares. Based on an average daily trading volume, of 2,900 shares, the days-to-cover ratio is currently 2.0 days. Approximately 0.2% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on First Capital in a research note on Saturday, January 11th. They issued a “hold” rating for the company.

First Capital Trading Down 1.7 %

Shares of NASDAQ:FCAP traded down $0.55 during midday trading on Friday, hitting $31.38. 5,094 shares of the stock were exchanged, compared to its average volume of 5,306. The business’s 50-day moving average price is $32.01 and its 200 day moving average price is $32.62. The stock has a market capitalization of $105.12 million, a price-to-earnings ratio of 8.89 and a beta of 0.57. First Capital has a 12 month low of $26.03 and a 12 month high of $38.00. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.70 and a current ratio of 0.70.

First Capital (NASDAQ:FCAP) last announced its quarterly earnings results on Friday, October 25th. The savings and loans company reported $0.87 earnings per share (EPS) for the quarter. The firm had revenue of $10.93 million during the quarter. First Capital had a net margin of 20.87% and a return on equity of 10.82%.

First Capital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 13th were issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 3.70%. The ex-dividend date of this dividend was Friday, December 13th. First Capital’s payout ratio is presently 32.86%.

Institutional Investors Weigh In On First Capital

Several institutional investors and hedge funds have recently made changes to their positions in FCAP. Empowered Funds LLC lifted its stake in shares of First Capital by 5.0% in the third quarter. Empowered Funds LLC now owns 14,030 shares of the savings and loans company’s stock worth $490,000 after acquiring an additional 670 shares during the period. Geode Capital Management LLC lifted its position in shares of First Capital by 4.4% in the 3rd quarter. Geode Capital Management LLC now owns 35,687 shares of the savings and loans company’s stock worth $1,248,000 after purchasing an additional 1,520 shares during the period. Finally, Siena Capital Partners GP LLC boosted its stake in shares of First Capital by 17.4% in the 3rd quarter. Siena Capital Partners GP LLC now owns 103,032 shares of the savings and loans company’s stock valued at $3,602,000 after purchasing an additional 15,277 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.