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

Key Points

• First Capital's stock has crossed below its 200-day moving average, trading at $38.89, which may raise concerns among investors.
• Despite the recent drop, analysts remain optimistic with a "buy" rating, and Weiss Ratings has restated a "buy (b-)" rating on the stock.
• The company recently announced an increase in its quarterly dividend to $0.31 per share, reflecting a 3.2% dividend yield and demonstrating positive financial performance with a net margin of 21.45%.

First Capital, Inc. (NASDAQ:FCAP - Get Free Report) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $42.81 and traded as low as $38.89. First Capital shares last traded at $38.89, with a volume of 2,266 shares.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a "buy (b-)" rating on shares of First Capital in a report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, First Capital currently has an average rating of "Buy".

First Capital Stock Performance

The stock has a market cap of $130.67 million, a price-to-earnings ratio of 9.87 and a beta of 0.65. The company has a 50-day simple moving average of $42.11 and a two-hundred day simple moving average of $42.81.

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

First Capital Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 12th were issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend was Friday, September 12th. This is a positive change from First Capital's previous quarterly dividend of $0.29. First Capital's payout ratio is currently 31.47%.

Insider Buying and Selling

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Barlow Wealth Partners Inc. acquired a new stake in First Capital during the 1st quarter valued at $200,000. Truffle Hound Capital LLC boosted its holdings 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 worth $1,908,000 after buying an additional 13,000 shares during the period. Jones Financial Companies Lllp boosted its holdings in shares of First Capital by 3,288.0% during the 1st quarter. Jones Financial Companies Lllp now owns 3,388 shares of the savings and loans company's stock worth $129,000 after buying an additional 3,288 shares during the period. Empowered Funds LLC grew its stake in First Capital by 6.9% in 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 last quarter. Finally, Farther Finance Advisors LLC bought a new position in First Capital in the 2nd quarter valued at about $44,000. 11.65% of the stock is owned by institutional investors and hedge funds.

First Capital Company 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 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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