First Capital (NASDAQ:FCAP) Stock Price Crosses Above 200-Day Moving Average – Here’s Why

First Capital, Inc. (NASDAQ:FCAP)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $51.75 and traded as high as $57.46. First Capital shares last traded at $57.28, with a volume of 3,693 shares traded.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on FCAP shares. Wall Street Zen upgraded shares of First Capital to a “hold” rating in a report on Saturday, January 10th. Weiss Ratings cut shares of First Capital from a “buy (b)” rating to a “hold (c)” rating in a report on Tuesday, April 21st. Finally, Colliers Securities upgraded shares of First Capital to a “moderate buy” rating in a report on Thursday, April 16th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

First Capital Price Performance

The stock has a market capitalization of $192.16 million, a PE ratio of 10.97 and a beta of 0.68. The stock’s 50 day simple moving average is $51.40 and its two-hundred day simple moving average is $51.75.

First Capital (NASDAQ:FCAP) last released its earnings results on Friday, April 24th. The savings and loans company reported $1.30 earnings per share for the quarter. The firm had revenue of $13.47 million for the quarter. First Capital had a net margin of 26.03% and a return on equity of 12.91%.

First Capital Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Friday, March 13th were paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date was Friday, March 13th. First Capital’s payout ratio is presently 23.71%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC boosted its stake in First Capital by 109.7% in the second quarter. Geode Capital Management LLC now owns 78,226 shares of the savings and loans company’s stock valued at $3,231,000 after acquiring an additional 40,918 shares during the last quarter. Vanguard Group Inc. raised its position in shares of First Capital by 0.4% in the third quarter. Vanguard Group Inc. now owns 71,010 shares of the savings and loans company’s stock valued at $3,252,000 after purchasing an additional 264 shares during the period. Farther Finance Advisors LLC raised its position in shares of First Capital by 101.3% in the fourth quarter. Farther Finance Advisors LLC now owns 49,180 shares of the savings and loans company’s stock valued at $2,911,000 after purchasing an additional 24,750 shares during the period. State Street Corp raised its position in shares of First Capital by 24.9% in the fourth quarter. State Street Corp now owns 45,460 shares of the savings and loans company’s stock valued at $2,691,000 after purchasing an additional 9,071 shares during the period. Finally, Bridgeway Capital Management LLC raised its position in shares of First Capital by 7.9% in the third quarter. Bridgeway Capital Management LLC now owns 34,703 shares of the savings and loans company’s stock valued at $1,589,000 after purchasing an additional 2,526 shares during the period. 11.65% of the stock is currently owned by hedge funds and other institutional investors.

First Capital Company Profile

First Capital, Inc is a closed-end, non-diversified management investment company organized as a business development company (BDC) under the Investment Company Act of 1940. Listed on the NASDAQ under the ticker FCAP, the firm specializes in providing debt and equity financing solutions to U.S. middle-market companies. External management is provided by First Capital Asset Management, LLC, leveraging senior credit expertise to structure tailored financing that supports growth initiatives, recapitalizations and acquisitions.

The company’s investment portfolio comprises senior secured loans, second-lien and subordinated debt, as well as equity co-investments.