BlackRock Inc. Boosts Stake in First Capital, Inc. (NASDAQ:FCAP)

BlackRock Inc. lifted its position in shares of First Capital, Inc. (NASDAQ:FCAP) by 11,573.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 146,034 shares of the savings and loans company’s stock after acquiring an additional 144,783 shares during the quarter. BlackRock Inc.’s holdings in First Capital were worth $7,381,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of FCAP. Acadian Asset Management LLC boosted its stake in shares of First Capital by 59.6% during the 2nd quarter. Acadian Asset Management LLC now owns 814 shares of the savings and loans company’s stock worth $41,000 after acquiring an additional 304 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of First Capital by 338.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 890 shares of the savings and loans company’s stock worth $44,000 after acquiring an additional 687 shares in the last quarter. Strs Ohio purchased a new stake in shares of First Capital during the 2nd quarter worth about $45,000. Wells Fargo & Company MN boosted its stake in shares of First Capital by 380,800.0% during the 2nd quarter. Wells Fargo & Company MN now owns 3,809 shares of the savings and loans company’s stock worth $192,000 after acquiring an additional 3,808 shares in the last quarter. Finally, Northern Trust Corp purchased a new stake in shares of First Capital during the 2nd quarter worth about $203,000. 10.81% of the stock is currently owned by institutional investors and hedge funds.

In related news, Director Samuel E. Uhl sold 750 shares of the company’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $56.10, for a total transaction of $42,075.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael L. Shireman sold 3,802 shares of the company’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $54.04, for a total transaction of $205,460.08. Following the transaction, the director now owns 12,913 shares of the company’s stock, valued at approximately $697,818.52. The disclosure for this sale can be found here. Corporate insiders own 4.53% of the company’s stock.

FCAP stock opened at $62.00 on Wednesday. The company’s 50-day simple moving average is $58.52 and its 200-day simple moving average is $53.63. First Capital, Inc. has a 52-week low of $33.72 and a 52-week high of $64.57. The firm has a market cap of $209.89 million, a P/E ratio of 16.60 and a beta of -0.21.

First Capital (NASDAQ:FCAP) last posted its earnings results on Friday, October 18th. The savings and loans company reported $0.87 earnings per share (EPS) for the quarter. First Capital had a net margin of 26.62% and a return on equity of 13.98%. The business had revenue of $9.55 million for the quarter.

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.55%. The ex-dividend date was Thursday, September 12th.

Separately, ValuEngine lowered shares of First Capital from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 2nd.

First Capital 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 a range of 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 Story: How Do You Calculate Return on Investment (ROI)?

Want to see what other hedge funds are holding FCAP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Capital, Inc. (NASDAQ:FCAP).

Institutional Ownership by Quarter for First Capital (NASDAQ:FCAP)

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.