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

StockNews.com started coverage on shares of First Capital (NASDAQ:FCAP) in a research note released on Tuesday morning. The brokerage issued a hold rating on the savings and loans company’s stock.

First Capital Stock Up 2.2 %

FCAP stock opened at $31.99 on Tuesday. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.32. The firm has a 50-day moving average of $30.60 and a two-hundred day moving average of $29.32. First Capital has a 12 month low of $22.95 and a 12 month high of $33.89. The company has a market cap of $107.26 million, a price-to-earnings ratio of 8.96 and a beta of 0.63.

First Capital (NASDAQ:FCAP) last posted its quarterly earnings results on Friday, July 26th. The savings and loans company reported $0.85 earnings per share (EPS) for the quarter. First Capital had a return on equity of 12.01% and a net margin of 22.04%. The business had revenue of $10.68 million during the quarter.

First Capital Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 3.63%. The ex-dividend date of this dividend is Friday, September 13th. This is a positive change from First Capital’s previous quarterly dividend of $0.27. First Capital’s payout ratio is currently 30.25%.

Insider Activity

In other news, Director John Shireman acquired 1,000 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The stock was purchased at an average cost of $31.93 per share, for a total transaction of $31,930.00. Following the completion of the transaction, the director now owns 1,000 shares in the company, valued at $31,930. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 4.39% of the company’s stock.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in First Capital stock. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of First Capital, Inc. (NASDAQ:FCAP) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 1,123 shares of the savings and loans company’s stock, valued at approximately $34,000. 11.65% of the stock is owned by institutional investors and hedge funds.

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.