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

Posted by on Jun 25th, 2023

Equities researchers at StockNews.com initiated coverage on shares of First Capital (NASDAQ:FCAP – Get Rating) in a note issued to investors on Sunday. The firm set a “hold” rating on the savings and loans company’s stock.

First Capital Trading Up 0.7 %

Shares of FCAP opened at $30.47 on Friday. First Capital has a 12 month low of $22.85 and a 12 month high of $31.77. The business’s fifty day simple moving average is $25.76 and its two-hundred day simple moving average is $25.74. The company has a market cap of $102.35 million, a price-to-earnings ratio of 7.75 and a beta of 0.22.

First Capital (NASDAQ:FCAP – Get Rating) last released its quarterly earnings results on Friday, April 28th. The savings and loans company reported $1.14 EPS for the quarter. First Capital had a net margin of 29.51% and a return on equity of 15.39%. The firm had revenue of $11.18 million during the quarter.

Hedge Funds Weigh In On First Capital

Several institutional investors have recently bought and sold shares of the stock. Millennium Management LLC raised its position in shares of First Capital by 7.7% during the 2nd 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 in the last quarter. BHZ Capital Management LP increased its stake in First Capital by 58.9% in the fourth quarter. BHZ Capital Management LP now owns 22,536 shares of the savings and loans company’s stock worth $561,000 after purchasing an additional 8,356 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of First Capital by 3.5% during the third quarter. Dimensional Fund Advisors LP now owns 19,933 shares of the savings and loans company’s stock worth $512,000 after purchasing an additional 683 shares during the last quarter. Siena Capital Partners GP LLC purchased a new position in First Capital in the 1st quarter worth about $291,000. Finally, State Street Corp boosted its holdings in shares of 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 purchasing an additional 920 shares during the period. 10.36% of the stock is owned by hedge funds and other institutional investors.

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.

Featured Stories

Receive News & Ratings for First Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Capital and related companies with MarketBeat.com's FREE daily email newsletter.