First Capital (NASDAQ:FCAP) Stock Price Crosses Above 200 Day Moving Average - Should You Sell?

Key Points

• First Capital (NASDAQ:FCAP) shares recently surpassed their 200-day moving average of $41.70, trading as high as $43.45, indicating potential positive momentum in the stock.
• The company announced a quarterly dividend of $0.31 per share, an increase from the previous dividend of $0.29, reflecting a commitment to return value to shareholders.
• Insider transactions included Director Kathy Ernstberger purchasing 972 shares, increasing her ownership by 38.46%, which may signal confidence in the company's future performance.

Shares of First Capital, Inc. (NASDAQ:FCAP - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $41.70 and traded as high as $43.45. First Capital shares last traded at $43.45, with a volume of 3,215 shares.

First Capital Stock Performance

The firm has a market capitalization of $152.28 million, a price-to-earnings ratio of 11.50 and a beta of 0.65. The business has a fifty day moving average price of $39.55 and a 200 day moving average price of $41.91.

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 earnings per share (EPS) for the quarter. The firm had revenue of $12.43 million during the quarter. First Capital had a return on equity of 11.23% and a net margin of 21.45%.

First Capital Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 12th will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 2.7%. This is a positive change from First Capital's previous quarterly dividend of $0.29. The ex-dividend date is Friday, September 12th. First Capital's dividend payout ratio (DPR) is currently 31.47%.

Insiders Place Their Bets

In other news, Director Kathy Ernstberger purchased 972 shares of the company's stock in a transaction on Friday, August 29th. The shares were bought at an average price of $41.10 per share, for a total transaction of $39,949.20. Following the completion of the purchase, the director owned 3,499 shares of the company's stock, valued at $143,808.90. This trade represents a 38.46% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 4.01% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Geode Capital Management LLC boosted its holdings in First Capital by 109.7% during the second quarter. Geode Capital Management LLC now owns 78,226 shares of the savings and loans company's stock worth $3,231,000 after buying an additional 40,918 shares in the last quarter. Truffle Hound Capital LLC boosted its stake in shares of First Capital by 35.1% during the 1st quarter. Truffle Hound Capital LLC now owns 50,000 shares of the savings and loans company's stock valued at $1,908,000 after buying an additional 13,000 shares during the period. Bridgeway Capital Management LLC boosted its stake in shares of First Capital by 4.6% during the 2nd quarter. Bridgeway Capital Management LLC now owns 32,177 shares of the savings and loans company's stock valued at $1,329,000 after buying an additional 1,429 shares during the period. Empowered Funds LLC boosted its stake in shares of First Capital by 6.9% during the 1st quarter. Empowered Funds LLC now owns 15,713 shares of the savings and loans company's stock valued at $599,000 after buying an additional 1,008 shares during the period. Finally, Raymond James Financial Inc. boosted its stake in shares of First Capital by 17.6% during the 2nd quarter. Raymond James Financial Inc. now owns 13,536 shares of the savings and loans company's stock valued at $559,000 after buying an additional 2,023 shares during the period. Institutional investors and hedge funds own 11.65% of the company's 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.