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

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

Separately, Empowered Funds LLC grew its stake in First Capital by 4.8% in the fourth 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 period. 11.65% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on First Capital in a report on Wednesday. They issued a “hold” rating on the stock.

First Capital Stock Down 0.3 %

First Capital stock opened at $39.81 on Friday. The firm has a market capitalization of $133.56 million, a price-to-earnings ratio of 11.15 and a beta of 0.53. The firm’s fifty day moving average price is $36.98 and its two-hundred day moving average price is $34.50. First Capital, Inc. has a 1-year low of $26.73 and a 1-year high of $40.18. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.29.

First Capital (NASDAQ:FCAP) last announced its quarterly earnings results on Friday, January 24th. The savings and loans company reported $0.97 earnings per share for the quarter. First Capital had a net margin of 20.54% and a return on equity of 10.84%.

First Capital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were given a dividend of $0.29 per share. The ex-dividend date was Friday, March 14th. This represents a $1.16 annualized dividend and a dividend yield of 2.91%. First Capital’s payout ratio is 32.49%.

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.