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

Equities researchers at StockNews.com initiated coverage on shares of First Capital (NASDAQ:FCAP) in a report released on Monday. The firm set a “hold” rating on the savings and loans company’s stock.

First Capital Trading Down 3.4 %

Shares of NASDAQ FCAP opened at $32.00 on Monday. The business has a 50 day simple moving average of $34.62 and a 200 day simple moving average of $32.27. First Capital has a 52 week low of $24.40 and a 52 week high of $38.00. The stock has a market cap of $107.20 million, a price-to-earnings ratio of 9.07 and a beta of 0.58. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.70 and a current ratio of 0.70.

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in FCAP. Siena Capital Partners GP LLC boosted its position in First Capital by 17.4% during 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 period. Geode Capital Management LLC boosted its holdings in shares of First Capital by 4.4% during the 3rd quarter. Geode Capital Management LLC now owns 35,687 shares of the savings and loans company’s stock worth $1,248,000 after buying an additional 1,520 shares during the period. Empowered Funds LLC grew its stake 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 valued at $490,000 after buying an additional 670 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in First Capital during the 2nd quarter worth $34,000. 11.65% of the stock is owned by institutional investors.

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.