First Capital, Inc. (NASDAQ:FCAP) Sees Significant Increase in Short Interest

First Capital, Inc. (NASDAQ:FCAP) was the recipient of a large growth in short interest in the month of December. As of December 31st, there was short interest totalling 5,700 shares, a growth of 11.8% from the December 15th total of 5,100 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 2,900 shares, the short-interest ratio is presently 2.0 days.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Siena Capital Partners GP LLC lifted its stake in First Capital by 17.4% during the third quarter. Siena Capital Partners GP LLC now owns 103,032 shares of the savings and loans company’s stock worth $3,602,000 after purchasing an additional 15,277 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of First Capital by 4.4% during the 3rd quarter. Geode Capital Management LLC now owns 35,687 shares of the savings and loans company’s stock worth $1,248,000 after buying an additional 1,520 shares in the last quarter. Finally, Empowered Funds LLC lifted its position in shares of First Capital by 5.0% during the 3rd quarter. Empowered Funds LLC now owns 14,030 shares of the savings and loans company’s stock worth $490,000 after buying an additional 670 shares during the last quarter. 11.65% of the stock is owned by institutional investors.

First Capital Price Performance

NASDAQ:FCAP traded down $0.55 during trading hours on Friday, reaching $31.38. 5,094 shares of the company were exchanged, compared to its average volume of 5,306. The company has a market capitalization of $105.12 million, a P/E ratio of 8.89 and a beta of 0.57. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.70 and a quick ratio of 0.70. The business has a 50 day moving average of $32.01 and a 200 day moving average of $32.62. First Capital has a 1-year low of $26.03 and a 1-year high of $38.00.

First Capital (NASDAQ:FCAP) last issued its quarterly earnings results on Friday, October 25th. The savings and loans company reported $0.87 EPS for the quarter. First Capital had a return on equity of 10.82% and a net margin of 20.87%. The company had revenue of $10.93 million for the quarter.

First Capital Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.70%. The ex-dividend date of this dividend was Friday, December 13th. First Capital’s dividend payout ratio (DPR) is presently 32.86%.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on shares of First Capital in a research report on Saturday, January 11th. They set a “hold” rating on the stock.

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.