Weiss Ratings Reiterates "Buy (B-)" Rating for First Capital (NASDAQ:FCAP)

Key Points

• Weiss Ratings has restated a "Buy (B-)" rating for First Capital (NASDAQ:FCAP), indicating continued confidence in the company’s performance.
• First Capital's stock has experienced a slight decline of 1.4%, with current trading around $45.09, compared to a 52-week high of $53.85.
• Recent insider activity showed Director Kathy Ernstberger purchasing 972 shares at an average price of $41.10 per share, increasing her ownership by 38.46%.

First Capital (NASDAQ:FCAP - Get Free Report)'s stock had its "buy (b-)" rating restated by analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

First Capital Stock Down 1.4%

Shares of FCAP stock opened at $45.09 on Wednesday. The stock has a fifty day moving average of $41.39 and a 200 day moving average of $42.66. First Capital has a 52 week low of $28.50 and a 52 week high of $53.85. The firm has a market capitalization of $151.28 million, a price-to-earnings ratio of 11.44 and a beta of 0.65.

First Capital (NASDAQ:FCAP - Get Free Report) last announced its quarterly earnings results on Friday, July 25th. The savings and loans company reported $1.13 EPS for the quarter. First Capital had a return on equity of 11.23% and a net margin of 21.45%.The company had revenue of $12.43 million during the quarter.

Insider Activity

In related news, Director Kathy Ernstberger purchased 972 shares of the stock in a transaction dated Friday, August 29th. The stock was purchased at an average price of $41.10 per share, with a total value of $39,949.20. Following the transaction, the director directly owned 3,499 shares in the company, valued at $143,808.90. This trade represents a 38.46% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 4.01% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On First Capital

Large investors have recently bought and sold shares of the business. Police & Firemen s Retirement System of New Jersey bought a new stake in First Capital in the 2nd quarter worth about $28,000. CWM LLC bought a new stake in First Capital in the 2nd quarter worth about $31,000. Farther Finance Advisors LLC bought a new stake in First Capital in the 2nd quarter worth about $44,000. JPMorgan Chase & Co. increased its holdings in First Capital by 30,940.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,552 shares of the savings and loans company's stock worth $64,000 after buying an additional 1,547 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in First Capital in the 2nd quarter worth about $74,000. 11.65% of the stock is currently owned by institutional investors.

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.

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