First Capital (NASDAQ:FCAP) Coverage Initiated at StockNews.com

StockNews.com initiated coverage on shares of First Capital (NASDAQ:FCAPGet Rating) in a research note issued to investors on Monday. The brokerage issued a hold rating on the savings and loans company’s stock.

First Capital Stock Up 0.4 %

Shares of FCAP opened at $24.17 on Monday. The firm’s fifty day moving average is $25.18 and its two-hundred day moving average is $28.40. The stock has a market cap of $81.45 million, a PE ratio of 7.26 and a beta of 0.22. First Capital has a 52-week low of $23.44 and a 52-week high of $42.94.

First Capital Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 30th. Stockholders of record on Friday, December 16th will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Thursday, December 15th. This represents a $1.04 annualized dividend and a dividend yield of 4.30%. First Capital’s payout ratio is 31.23%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. State Street Corp lifted its position in First Capital by 10.6% in the first quarter. State Street Corp now owns 9,576 shares of the savings and loans company’s stock valued at $370,000 after buying an additional 920 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in First Capital by 3.5% in the third quarter. Dimensional Fund Advisors LP now owns 19,933 shares of the savings and loans company’s stock valued at $512,000 after buying an additional 683 shares during the last quarter. Finally, Millennium Management LLC lifted its position in First Capital by 7.7% in the second quarter. Millennium Management LLC now owns 41,914 shares of the savings and loans company’s stock valued at $1,135,000 after buying an additional 2,996 shares during the last quarter. Institutional investors and hedge funds own 10.36% of the company’s stock.

First Capital Company Profile

(Get Rating)

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.

Further Reading

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