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 research note issued to investors on Wednesday. The brokerage set a “hold” rating on the savings and loans company’s stock.

First Capital Stock Down 1.6 %

Shares of NASDAQ FCAP opened at $30.01 on Wednesday. The company’s 50 day moving average price is $29.33 and its 200-day moving average price is $28.59. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 0.66. First Capital has a 52-week low of $22.95 and a 52-week high of $37.90. The company has a market capitalization of $100.53 million, a P/E ratio of 8.41 and a beta of 0.63.

First Capital (NASDAQ:FCAP) last released its earnings results on Friday, April 26th. The savings and loans company reported $0.88 earnings per share (EPS) for the quarter. The business had revenue of $10.50 million for the quarter. First Capital had a net margin of 22.59% and a return on equity of 12.15%.

Hedge Funds Weigh In On First Capital

An institutional investor recently raised its position in First Capital stock. Empowered Funds LLC increased its stake in shares of First Capital, Inc. (NASDAQ:FCAP) by 7.6% during the 1st quarter, according to the company in its most recent disclosure 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 quarter. Empowered Funds LLC owned approximately 0.37% of First Capital worth $361,000 at the end of the most recent quarter. 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.