First Capital (NASDAQ:FCAP) Lowered to Sell at ValuEngine

First Capital (NASDAQ:FCAP) was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating in a research note issued on Thursday, ValuEngine reports.

Shares of NASDAQ:FCAP traded down $0.19 on Thursday, hitting $56.56. 3,800 shares of the company’s stock were exchanged, compared to its average volume of 6,610. First Capital has a 12 month low of $33.72 and a 12 month high of $57.95. The company has a market capitalization of $186.29 million, a PE ratio of 15.17 and a beta of -0.20. The stock’s 50 day simple moving average is $51.51.

In other news, Director Samuel E. Uhl sold 619 shares of First Capital stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $51.25, for a total transaction of $31,723.75. Following the completion of the sale, the director now directly owns 6,886 shares in the company, valued at $352,907.50. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Michael L. Shireman sold 3,802 shares of First Capital stock in a transaction on Monday, July 29th. The stock was sold at an average price of $54.04, for a total value of $205,460.08. Following the sale, the director now owns 12,913 shares of the company’s stock, valued at $697,818.52. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,035 shares of company stock valued at $369,983. Corporate insiders own 4.53% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Strs Ohio purchased a new position in shares of First Capital during the second quarter valued at $45,000. Deutsche Bank AG purchased a new position in shares of First Capital during the fourth quarter valued at $50,000. O Shaughnessy Asset Management LLC purchased a new position in shares of First Capital during the first quarter valued at $80,000. Finally, Dimensional Fund Advisors LP increased its stake in shares of First Capital by 57.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 12,377 shares of the savings and loans company’s stock valued at $492,000 after buying an additional 4,504 shares during the period. Hedge funds and other institutional investors own 5.34% of the company’s stock.

First Capital Company 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 a range of 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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