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

StockNews.com assumed coverage on shares of First Capital (NASDAQ:FCAP – Get Rating) in a report published on Saturday. The brokerage issued a hold rating on the savings and loans company’s stock.

Separately, TheStreet downgraded First Capital from a b- rating to a c rating in a research note on Friday, April 8th.

NASDAQ FCAP opened at $34.50 on Friday. The business’s 50-day moving average price is $37.14 and its two-hundred day moving average price is $39.43. First Capital has a 12 month low of $33.01 and a 12 month high of $46.68. The firm has a market capitalization of $116.37 million, a PE ratio of 10.49 and a beta of 0.04.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 31st. Investors of record on Thursday, March 17th were paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 3.01%. The ex-dividend date was Wednesday, March 16th. First Capital’s dividend payout ratio is 31.61%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FCAP. Morgan Stanley raised its position in First Capital by 96.3% during the second quarter. Morgan Stanley now owns 1,641 shares of the savings and loans company’s stock valued at $71,000 after purchasing an additional 805 shares in the last quarter. Alliancebernstein L.P. increased its holdings in shares of First Capital by 64.9% in the third quarter. Alliancebernstein L.P. now owns 64,821 shares of the savings and loans company’s stock worth $2,643,000 after buying an additional 25,517 shares during the period. Geode Capital Management LLC increased its holdings in shares of First Capital by 0.9% in the third quarter. Geode Capital Management LLC now owns 26,926 shares of the savings and loans company’s stock worth $1,098,000 after buying an additional 245 shares during the period. Axiom Financial Strategies LLC grew its stake in shares of First Capital by 33.4% in the fourth quarter. Axiom Financial Strategies LLC now owns 20,836 shares of the savings and loans company’s stock worth $844,000 after purchasing an additional 5,211 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of First Capital by 2.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 18,917 shares of the savings and loans company’s stock worth $756,000 after purchasing an additional 445 shares during the last quarter. Institutional investors and hedge funds own 12.44% of the company’s stock.

About First Capital (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.

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