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

StockNews.com began coverage on shares of First Capital (NASDAQ:FCAP) in a research report issued on Thursday. The firm set a “hold” rating on the savings and loans company’s stock.

First Capital Stock Up 0.9 %

Shares of FCAP opened at $40.61 on Thursday. The company’s 50-day simple moving average is $37.79 and its 200-day simple moving average is $34.70. 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 has a 1 year low of $26.73 and a 1 year high of $40.75. The stock has a market capitalization of $136.25 million, a PE ratio of 11.38 and a beta of 0.53.

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

Hedge Funds Weigh In On First Capital

A number of institutional investors and hedge funds have recently made changes to their positions in FCAP. Fourthstone LLC acquired a new stake in First Capital in the fourth quarter valued at approximately $1,824,000. Truffle Hound Capital LLC acquired a new stake in shares of First Capital in the 4th quarter valued at $1,193,000. Geode Capital Management LLC raised its holdings in shares of First Capital by 4.4% in the 3rd quarter. Geode Capital Management LLC now owns 35,687 shares of the savings and loans company’s stock valued at $1,248,000 after purchasing an additional 1,520 shares in the last quarter. Bridgeway Capital Management LLC lifted its position in shares of First Capital by 2.3% during the 4th quarter. Bridgeway Capital Management LLC now owns 29,740 shares of the savings and loans company’s stock worth $949,000 after purchasing an additional 675 shares during the last quarter. Finally, Commonwealth Equity Services LLC grew its stake in shares of First Capital by 91.8% during the fourth quarter. Commonwealth Equity Services LLC now owns 21,319 shares of the savings and loans company’s stock worth $688,000 after purchasing an additional 10,204 shares in the last quarter. 11.65% of the stock is owned by institutional investors and hedge funds.

First Capital Company 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.