Forvis Mazars Wealth Advisors LLC Purchases New Holdings in First Capital, Inc. $FCAP

Forvis Mazars Wealth Advisors LLC acquired a new stake in shares of First Capital, Inc. (NASDAQ:FCAP) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 5,532 shares of the savings and loans company’s stock, valued at approximately $228,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Farther Finance Advisors LLC bought a new stake in First Capital during the 2nd quarter valued at about $44,000. Truffle Hound Capital LLC increased its stake in 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 in the last quarter. Barlow Wealth Partners Inc. bought a new stake in First Capital during the 1st quarter valued at about $200,000. CWM LLC bought a new stake in First Capital during the 2nd quarter valued at about $31,000. Finally, Empowered Funds LLC grew its stake in shares of First Capital by 6.9% in the first quarter. Empowered Funds LLC now owns 15,713 shares of the savings and loans company’s stock worth $599,000 after acquiring an additional 1,008 shares during the period. 11.65% of the stock is currently owned by institutional investors.

First Capital Stock Up 2.9%

Shares of FCAP stock opened at $41.16 on Tuesday. The company has a 50 day moving average price of $42.30 and a 200-day moving average price of $42.91. First Capital, Inc. has a 52 week low of $28.50 and a 52 week high of $53.85. The firm has a market capitalization of $138.09 million, a PE ratio of 10.45 and a beta of 0.65.

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

First Capital Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 12th were given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 3.0%. This is a positive change from First Capital’s previous quarterly dividend of $0.29. The ex-dividend date was Friday, September 12th. First Capital’s dividend payout ratio (DPR) is presently 31.47%.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “buy (b-)” rating on shares of First Capital in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, First Capital presently has a consensus rating of “Buy”.

Insider Transactions at First Capital

In other First Capital news, Director Kathy Ernstberger bought 972 shares of the business’s stock in a transaction that occurred on Friday, August 29th. The stock was bought at an average cost of $41.10 per share, for a total transaction of $39,949.20. Following the completion of the transaction, the director owned 3,499 shares of the company’s stock, valued at $143,808.90. This represents a 38.46% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 4.01% 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.