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

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

First Capital Trading Up 6.6 %

Shares of NASDAQ FCAP opened at $33.12 on Monday. The firm’s 50 day moving average price is $34.78 and its 200-day moving average price is $32.23. First Capital has a 52-week low of $24.40 and a 52-week high of $38.00. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.70 and a current ratio of 0.70. The company has a market cap of $110.95 million, a PE ratio of 9.38 and a beta of 0.63.

First Capital (NASDAQ:FCAP) last released its quarterly earnings data on Friday, October 25th. The savings and loans company reported $0.87 earnings per share (EPS) for the quarter. First Capital had a return on equity of 10.82% and a net margin of 20.87%. The business had revenue of $10.93 million for the quarter.

Hedge Funds Weigh In On First Capital

A number of hedge funds have recently bought and sold shares of FCAP. Geode Capital Management LLC grew its stake in shares of First Capital by 4.4% in 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 acquiring an additional 1,520 shares during the period. Siena Capital Partners GP LLC boosted its holdings in 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. Empowered Funds LLC grew its position in First Capital by 5.0% in the 3rd quarter. Empowered Funds LLC now owns 14,030 shares of the savings and loans company’s stock worth $490,000 after purchasing an additional 670 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in First Capital during the 2nd quarter valued at $34,000. Hedge funds and other institutional investors own 11.65% of the company’s stock.

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.