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

StockNews.com initiated coverage on shares of First Capital (NASDAQ:FCAP) in a report released on Saturday. The firm issued a hold rating on the savings and loans company’s stock.

First Capital Price Performance

FCAP stock opened at $33.29 on Friday. First Capital has a 1 year low of $24.40 and a 1 year high of $38.00. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.70 and a quick ratio of 0.70. The firm has a market capitalization of $111.50 million, a PE ratio of 9.35 and a beta of 0.63. The business has a 50 day simple moving average of $34.94 and a 200-day simple moving average of $31.97.

First Capital (NASDAQ:FCAP) last issued its earnings results 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 company had revenue of $10.93 million during the quarter.

Hedge Funds Weigh In On First Capital

A number of institutional investors have recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of First Capital in the 2nd quarter valued at approximately $34,000. Empowered Funds LLC lifted its holdings in First Capital by 7.6% in the first quarter. Empowered Funds LLC now owns 12,460 shares of the savings and loans company’s stock valued at $361,000 after acquiring an additional 875 shares during the last quarter. Geode Capital Management LLC grew its position in 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. Finally, Siena Capital Partners GP LLC increased its stake 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 acquiring an additional 15,277 shares during the last quarter. 11.65% of the stock is owned by hedge funds and other 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.