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

StockNews.com began coverage on shares of First Capital (NASDAQ:FCAP - Free Report) in a report issued on Thursday morning. The brokerage issued a hold rating on the savings and loans company's stock.

First Capital Stock Performance

Shares of FCAP traded down $0.29 during trading hours on Thursday, hitting $35.76. The company's stock had a trading volume of 405 shares, compared to its average volume of 2,342. The company has a market cap of $119.85 million, a price-to-earnings ratio of 10.02 and a beta of 0.56. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.70 and a quick ratio of 0.70. The business has a 50 day simple moving average of $32.48 and a two-hundred day simple moving average of $33.08. First Capital has a 52-week low of $26.73 and a 52-week high of $38.00.

First Capital (NASDAQ:FCAP - Get Free Report) last posted its earnings results on Friday, January 24th. The savings and loans company reported $0.97 earnings per share for the quarter. First Capital had a net margin of 20.54% and a return on equity of 10.84%.

First Capital Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date of this dividend is Friday, March 14th. First Capital's payout ratio is presently 32.49%.

Institutional Investors Weigh In On First Capital

A number of institutional investors and hedge funds have recently modified their holdings of FCAP. Raymond James Financial Inc. bought a new stake in First Capital during the 4th quarter worth approximately $292,000. Empowered Funds LLC grew its position in shares of First Capital by 5.0% during the 3rd quarter. Empowered Funds LLC now owns 14,030 shares of the savings and loans company's stock valued at $490,000 after purchasing an additional 670 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of First Capital by 7.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 19,939 shares of the savings and loans company's stock worth $636,000 after purchasing an additional 1,440 shares during the period. Commonwealth Equity Services LLC raised its position in shares of First Capital by 91.8% in the fourth quarter. Commonwealth Equity Services LLC now owns 21,319 shares of the savings and loans company's stock worth $688,000 after buying an additional 10,204 shares in the last quarter. Finally, Bridgeway Capital Management LLC raised its position in shares of First Capital by 2.3% in the fourth quarter. Bridgeway Capital Management LLC now owns 29,740 shares of the savings and loans company's stock worth $949,000 after buying an additional 675 shares in the last quarter. 11.65% of the stock is owned by hedge funds and other institutional investors.

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.