First Capital (NASDAQ:FCAP) Share Price Crosses Above 200-Day Moving Average of $29.67

First Capital, Inc. (NASDAQ:FCAP)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $29.67 and traded as high as $32.70. First Capital shares last traded at $32.70, with a volume of 1,803 shares trading hands.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on shares of First Capital in a research note on Friday. They set a “hold” rating for the company.

First Capital Trading Down 2.0 %

The stock has a market capitalization of $109.64 million, a P/E ratio of 9.16 and a beta of 0.63. The firm’s 50 day moving average price is $31.16 and its 200 day moving average price is $29.67. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.68 and a quick ratio of 0.67.

First Capital (NASDAQ:FCAP) last released its quarterly earnings results on Friday, July 26th. The savings and loans company reported $0.85 earnings per share (EPS) for the quarter. First Capital had a net margin of 22.04% and a return on equity of 11.78%. The company had revenue of $10.68 million during the quarter.

First Capital Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 13th will be paid a $0.29 dividend. This is an increase from First Capital’s previous quarterly dividend of $0.27. This represents a $1.16 dividend on an annualized basis and a yield of 3.55%. The ex-dividend date is Friday, September 13th. First Capital’s dividend payout ratio is presently 32.49%.

Insider Buying and Selling

In other First Capital news, Director John Shireman acquired 1,000 shares of the business’s stock in a transaction on Friday, August 2nd. The shares were acquired at an average price of $31.93 per share, for a total transaction of $31,930.00. Following the completion of the acquisition, the director now owns 1,000 shares in the company, valued at $31,930. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 4.39% of the stock is owned by insiders.

Institutional Investors Weigh In On First Capital

A hedge fund recently raised its stake in First Capital stock. Empowered Funds LLC grew its position in shares of First Capital, Inc. (NASDAQ:FCAP) by 7.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,460 shares of the savings and loans company’s stock after buying an additional 875 shares during the quarter. Empowered Funds LLC owned 0.37% of First Capital worth $361,000 as of its most recent filing with the Securities & Exchange Commission. 11.65% of the stock is owned by institutional investors and hedge funds.

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.