Insider Buying: First Capital (NASDAQ:FCAP) Director Purchases 972 Shares of Stock

Key Points

• First Capital, Inc. Director Kathy Ernstberger purchased 972 shares of the company's stock on August 29th at an average price of $41.10, increasing her total holdings to 3,499 shares.
• The company recently announced a quarterly dividend increase to $0.31 per share, up from $0.29, with a payout ratio of 29.44%, set to be paid on September 26th.
• First Capital's stock currently has a market capitalization of $139.61 million and its shares recently traded at $41.55, stable in comparison to its past year trading range of $28.50 to $53.85.

First Capital, Inc. (NASDAQ:FCAP - Get Free Report) Director Kathy Ernstberger bought 972 shares of the business's stock in a transaction dated Friday, August 29th. The stock was acquired at an average cost of $41.10 per share, for a total transaction of $39,949.20. Following the purchase, the director owned 3,499 shares in the company, valued at approximately $143,808.90. This trade represents a 38.46% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

First Capital Stock Up 0.0%

Shares of FCAP stock traded up $0.01 during mid-day trading on Wednesday, reaching $41.55. The company's stock had a trading volume of 2,388 shares, compared to its average volume of 9,449. First Capital, Inc. has a 12-month low of $28.50 and a 12-month high of $53.85. The firm has a market capitalization of $139.61 million, a PE ratio of 10.55 and a beta of 0.65. The company's 50 day simple moving average is $39.30 and its 200-day simple moving average is $41.31.

First Capital (NASDAQ:FCAP - Get Free Report) last issued its quarterly earnings data on Friday, July 25th. The savings and loans company reported $1.13 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 Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Friday, September 12th will be paid a $0.31 dividend. This is a boost from First Capital's previous quarterly dividend of $0.29. The ex-dividend date is Friday, September 12th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.0%. First Capital's dividend payout ratio (DPR) is currently 29.44%.

Institutional Investors Weigh In On First Capital

A number of institutional investors have recently modified their holdings of the stock. Bridgeway Capital Management LLC raised its stake in shares of First Capital by 2.3% in the 4th quarter. Bridgeway Capital Management LLC now owns 29,740 shares of the savings and loans company's stock valued at $949,000 after purchasing an additional 675 shares in the last quarter. Police & Firemen s Retirement System of New Jersey acquired a new stake in shares of First Capital in the 2nd quarter valued at about $28,000. CWM LLC acquired a new stake in shares of First Capital in the 2nd quarter valued at about $31,000. Empowered Funds LLC raised its stake in shares of 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 purchasing an additional 1,008 shares in the last quarter. Finally, Farther Finance Advisors LLC acquired a new stake in shares of First Capital in the 2nd quarter valued at about $44,000. 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.

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