Raymond James Financial Inc. Takes Position in First Capital, Inc. (NASDAQ:FCAP)

Raymond James Financial Inc. purchased a new stake in First Capital, Inc. (NASDAQ:FCAP) in the fourth quarter, Holdings Channel reports. The firm purchased 9,056 shares of the savings and loans company’s stock, valued at approximately $292,000.

A number of other institutional investors have also made changes to their positions in the company. Empowered Funds LLC increased its holdings in shares of First Capital by 4.8% in the 4th quarter. Empowered Funds LLC now owns 14,705 shares of the savings and loans company’s stock valued at $469,000 after acquiring an additional 675 shares during the last quarter. Commonwealth Equity Services LLC grew its stake in First Capital by 91.8% during the 4th quarter. Commonwealth Equity Services LLC now owns 21,319 shares of the savings and loans company’s stock worth $688,000 after buying an additional 10,204 shares during the last quarter. Finally, Truffle Hound Capital LLC bought a new position in First Capital during the 4th quarter worth $1,193,000. 11.65% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on First Capital in a research note on Thursday, April 17th. They set a “hold” rating for the company.

First Capital Price Performance

Shares of FCAP opened at $48.29 on Monday. The company has a market cap of $162.01 million, a P/E ratio of 13.53 and a beta of 0.71. The stock has a fifty day moving average price of $41.23 and a 200 day moving average price of $35.93. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.70 and a quick ratio of 0.70. First Capital, Inc. has a 12 month low of $27.10 and a 12 month high of $53.85.

First Capital (NASDAQ:FCAP) last issued its quarterly earnings data on Friday, April 25th. The savings and loans company reported $0.97 EPS for the quarter. The firm had revenue of $11.43 million during the quarter. First Capital had a return on equity of 10.84% and a net margin of 20.54%.

First Capital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were paid a $0.29 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.16 annualized dividend and a dividend yield of 2.40%. First Capital’s payout ratio is 31.69%.

First Capital 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.