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

Equities research analysts at StockNews.com began coverage on shares of First Capital (NASDAQ:FCAP) in a note issued to investors on Tuesday. The firm set a “hold” rating on the savings and loans company’s stock.

First Capital Price Performance

Shares of FCAP opened at $35.50 on Tuesday. First Capital has a 1-year low of $22.95 and a 1-year high of $38.00. The stock has a market cap of $119.03 million, a PE ratio of 9.94 and a beta of 0.64. The firm has a 50-day simple moving average of $33.46 and a two-hundred day simple moving average of $30.91. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.68 and a quick ratio of 0.67.

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

Insider Activity at First Capital

In other First Capital news, Director John Shireman acquired 1,000 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The stock was purchased at an average price of $31.93 per share, for a total transaction of $31,930.00. Following the completion of the acquisition, the director now owns 1,000 shares of the company’s stock, valued at approximately $31,930. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 4.39% of the company’s stock.

Institutional Inflows and Outflows

An institutional investor recently raised its position in First Capital stock. Empowered Funds LLC boosted its position in shares of First Capital, Inc. (NASDAQ:FCAP) by 7.6% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,460 shares of the savings and loans company’s stock after acquiring an additional 875 shares during the period. Empowered Funds LLC owned about 0.37% of First Capital worth $361,000 as of its most recent SEC filing. 11.65% of the stock is currently 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.