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

Key Points

• First Capital, Inc. (NASDAQ:FCAP) saw its share price exceed its 200-day moving average, closing at $43.47 during trading, with a market cap of $146.06 million.
• The company recently increased its quarterly dividend to $0.31 per share, representing a 2.9% yield annually, with a payout ratio of 29.44%.
• Recent insider activity includes Director Kathy Ernstberger purchasing 972 shares, increasing her ownership by 38.46% to approximately 3,499 shares.

First Capital, Inc. (NASDAQ:FCAP - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $41.37 and traded as high as $43.47. First Capital shares last traded at $43.47, with a volume of 2,584 shares trading hands.

First Capital Stock Performance

The business has a 50-day moving average price of $39.46 and a 200 day moving average price of $41.56. The stock has a market cap of $145.34 million, a PE ratio of 10.99 and a beta of 0.65.

First Capital (NASDAQ:FCAP - Get Free Report) last issued 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 firm had revenue of $12.43 million for the quarter.

First Capital Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 12th will be issued a dividend of $0.31 per share. This is a positive change from First Capital's previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Friday, September 12th. This represents a $1.24 dividend on an annualized basis and a yield of 2.9%. First Capital's payout ratio is currently 31.47%.

Insider Transactions at First Capital

In related news, Director Kathy Ernstberger acquired 972 shares of the company's stock in a transaction that occurred on Friday, August 29th. The shares were acquired at an average price of $41.10 per share, with a total value of $39,949.20. Following the acquisition, the director owned 3,499 shares of the company's stock, valued at approximately $143,808.90. This trade represents a 38.46% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 4.01% of the company's stock.

Institutional Trading of First Capital

Institutional investors have recently added to or reduced their stakes in the stock. Police & Firemen s Retirement System of New Jersey purchased a new stake in First Capital during the 2nd quarter worth about $28,000. CWM LLC purchased a new stake in shares of First Capital in the 2nd quarter valued at about $31,000. Farther Finance Advisors LLC purchased a new stake in shares of First Capital in the 2nd quarter valued at about $44,000. JPMorgan Chase & Co. raised its holdings in shares of 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 valued at $64,000 after acquiring an additional 1,547 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of First Capital in the 2nd quarter valued at about $74,000. Hedge funds and other institutional investors 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.