StockNews.com Initiates Coverage on First Capital (NASDAQ:FCAP)

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

First Capital Price Performance

Shares of FCAP opened at $36.19 on Monday. 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 business’s fifty day moving average is $33.02 and its 200 day moving average is $30.68. First Capital has a 12-month low of $22.95 and a 12-month high of $38.00. The stock has a market cap of $121.35 million, a P/E ratio of 10.14 and a beta of 0.64.

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

First Capital Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were paid a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, September 13th. This is a boost from First Capital’s previous quarterly dividend of $0.27. This represents a $1.16 annualized dividend and a yield of 3.21%. First Capital’s dividend payout ratio (DPR) is 32.49%.

Insider Buying and Selling at First Capital

In other First Capital news, Director John Shireman bought 1,000 shares of the firm’s stock in a transaction dated Friday, August 2nd. The stock was purchased at an average cost of $31.93 per share, with a total value of $31,930.00. Following the transaction, the director now directly owns 1,000 shares in the company, valued at $31,930. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 4.39% of the company’s stock.

Institutional Investors Weigh In On First Capital

An institutional investor recently raised its position in First Capital stock. Empowered Funds LLC grew its holdings in shares of First Capital, Inc. (NASDAQ:FCAPFree Report) by 7.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 approximately 0.37% of First Capital worth $361,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 11.65% of the company’s stock.

First Capital Company Profile

(Get Free Report)

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.

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