First Capital (NASDAQ:FCAP) Share Price Passes Above 200-Day Moving Average – Should You Sell?

First Capital, Inc. (NASDAQ:FCAP)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $52.28 and traded as high as $56.30. First Capital shares last traded at $54.18, with a volume of 2,533 shares traded.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on FCAP. Weiss Ratings cut First Capital from a “buy (b)” rating to a “hold (c)” rating in a research note on Tuesday, April 21st. Colliers Securities raised First Capital to a “moderate buy” rating in a research note on Thursday, April 16th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, First Capital currently has an average rating of “Moderate Buy”.

First Capital Stock Down 3.8%

The firm has a market cap of $181.50 million, a PE ratio of 10.36 and a beta of 0.68. The business has a 50-day moving average price of $51.88 and a two-hundred day moving average price of $52.28.

First Capital (NASDAQ:FCAP) last released its earnings results on Friday, April 24th. The savings and loans company reported $1.30 earnings per share (EPS) for the quarter. First Capital had a return on equity of 12.82% and a net margin of 26.03%.The firm had revenue of $13.47 million during the quarter.

First Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Friday, March 13th were paid a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Friday, March 13th. First Capital’s dividend payout ratio (DPR) is presently 23.71%.

Institutional Trading of First Capital

Large investors have recently made changes to their positions in the company. Russell Investments Group Ltd. lifted its stake in First Capital by 105.2% in the fourth quarter. Russell Investments Group Ltd. now owns 554 shares of the savings and loans company’s stock worth $33,000 after acquiring an additional 284 shares during the last quarter. CWM LLC increased its position in shares of First Capital by 34.4% in the 3rd quarter. CWM LLC now owns 997 shares of the savings and loans company’s stock valued at $46,000 after purchasing an additional 255 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of First Capital by 30,940.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,552 shares of the savings and loans company’s stock valued at $64,000 after purchasing an additional 1,547 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of First Capital in the 2nd quarter valued at $74,000. Finally, Bank of America Corp DE lifted its position in shares of First Capital by 215.8% during the 2nd quarter. Bank of America Corp DE now owns 2,122 shares of the savings and loans company’s stock worth $88,000 after purchasing an additional 1,450 shares during the last quarter. 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.