First Capital (NASDAQ:FCAP) Stock Price Passes Below Two Hundred Day Moving Average - What's Next?

Key Points

• First Capital (NASDAQ:FCAP) shares have fallen below their 200-day moving average of $40.74, trading as low as $33.88 before last settling at $35.95.
• The company reported a quarterly earnings per share (EPS) of $1.13 and announced a quarterly dividend of $0.29 per share, translating to an annual yield of 3.2%.
• Institutional investors have shown increased interest, with several acquiring new positions in the second quarter, leading to institutional ownership of 11.65% of the company's stock.

First Capital, Inc. (NASDAQ:FCAP - Get Free Report)'s share price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $40.74 and traded as low as $33.88. First Capital shares last traded at $35.95, with a volume of 4,537 shares changing hands.

First Capital Trading Down 1.0%

The stock has a market capitalization of $124.32 million, a P/E ratio of 9.39 and a beta of 0.69. The company's fifty day simple moving average is $40.57 and its 200 day simple moving average is $40.77.

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

First Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, June 13th were given a $0.29 dividend. The ex-dividend date was Friday, June 13th. This represents a $1.16 annualized dividend and a yield of 3.1%. First Capital's dividend payout ratio (DPR) is presently 29.44%.

Institutional Trading of First Capital

Institutional investors and hedge funds have recently modified their holdings of the company. Truffle Hound Capital LLC raised its position 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 purchasing an additional 13,000 shares during the period. Dimensional Fund Advisors LP raised its position in shares of First Capital by 7.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 19,939 shares of the savings and loans company's stock valued at $636,000 after buying an additional 1,440 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of First Capital during the 4th quarter worth about $292,000. Barlow Wealth Partners Inc. purchased a new position in shares of First Capital during the 1st quarter worth about $200,000. Finally, Bridgeway Capital Management LLC boosted its stake in shares of First Capital by 2.3% during the 4th quarter. Bridgeway Capital Management LLC now owns 29,740 shares of the savings and loans company's stock worth $949,000 after purchasing an additional 675 shares during the period. 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.