Siena Capital Partners GP LLC Sells 9,975 Shares of First Capital, Inc. $FCAP

Siena Capital Partners GP LLC lowered its stake in shares of First Capital, Inc. (NASDAQ:FCAP) by 9.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 93,057 shares of the savings and loans company’s stock after selling 9,975 shares during the quarter. Siena Capital Partners GP LLC owned about 2.77% of First Capital worth $3,842,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in FCAP. Barlow Wealth Partners Inc. bought a new stake in First Capital during the first quarter valued at about $200,000. Truffle Hound Capital LLC boosted its position in First Capital by 35.1% during the first 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. Jones Financial Companies Lllp boosted its position in First Capital by 3,288.0% during the first quarter. Jones Financial Companies Lllp now owns 3,388 shares of the savings and loans company’s stock valued at $129,000 after purchasing an additional 3,288 shares in the last quarter. Empowered Funds LLC boosted its position in First Capital by 6.9% during the first 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 bought a new stake in First Capital during the second quarter valued at about $44,000. Institutional investors own 11.65% of the company’s stock.

First Capital Stock Performance

Shares of NASDAQ FCAP opened at $41.16 on Tuesday. The company has a market cap of $138.09 million, a PE ratio of 10.45 and a beta of 0.65. The business has a 50-day simple moving average of $42.30 and a two-hundred day simple moving average of $42.91. First Capital, Inc. has a fifty-two week low of $28.50 and a fifty-two week high of $53.85.

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

First Capital Increases Dividend

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

Insider Activity at First Capital

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

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of First Capital in a research report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy”.

First Capital 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.