Short Interest in First Capital, Inc. (NASDAQ:FCAP) Increases By 11.8%

First Capital, Inc. (NASDAQ:FCAP) was the target of a significant growth in short interest in the month of December. As of December 31st, there was short interest totalling 5,700 shares, a growth of 11.8% from the December 15th total of 5,100 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily volume of 2,900 shares, the short-interest ratio is currently 2.0 days.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of First Capital in a research report on Sunday. They set a “hold” rating on the stock.

Institutional Trading of First Capital

Several hedge funds and other institutional investors have recently bought and sold shares of FCAP. Empowered Funds LLC increased 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 buying an additional 670 shares during the period. Geode Capital Management LLC boosted its holdings in shares of First Capital by 4.4% during the third 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 grew its stake in shares of First Capital by 17.4% in the third quarter. Siena Capital Partners GP LLC now owns 103,032 shares of the savings and loans company’s stock worth $3,602,000 after purchasing an additional 15,277 shares during the last quarter. Hedge funds and other institutional investors own 11.65% of the company’s stock.

First Capital Stock Down 1.7 %

First Capital stock traded down $0.55 during midday trading on Monday, hitting $31.38. 5,094 shares of the stock were exchanged, compared to its average volume of 5,306. First Capital has a 52-week low of $26.03 and a 52-week high of $38.00. The business’s 50-day moving average price is $32.01 and its 200-day moving average price is $32.63. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.29. 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 (NASDAQ:FCAP) last announced its quarterly earnings data on Friday, October 25th. The savings and loans company reported $0.87 earnings per share for the quarter. The company had revenue of $10.93 million during the quarter. First Capital had a return on equity of 10.82% and a net margin of 20.87%.

First Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.70%. The ex-dividend date of this dividend was Friday, December 13th. First Capital’s payout ratio is currently 32.86%.

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.