First Capital (NASDAQ:FCAP) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

First Capital, Inc. (NASDAQ:FCAP) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $55.52 and traded as high as $62.85. First Capital shares last traded at $61.28, with a volume of 13,585 shares changing hands.

Analysts Set New Price Targets

FCAP has been the topic of several research analyst reports. Colliers Securities raised shares of First Capital to a “moderate buy” rating in a research note on Thursday, April 16th. Weiss Ratings lowered First Capital from a “buy (b)” rating to a “hold (c)” rating in a report on Tuesday, April 21st. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

First Capital Trading Down 3.4%

The stock has a market capitalization of $205.29 million, a PE ratio of 11.72 and a beta of 0.71. The firm’s 50-day simple moving average is $61.20 and its two-hundred day simple moving average is $55.52.

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

First Capital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 12th were paid a $0.31 dividend. The ex-dividend date was Friday, June 12th. This represents a $1.24 dividend on an annualized basis and a yield of 2.0%. First Capital’s payout ratio is 23.71%.

Institutional Investors Weigh In On First Capital

Several large investors have recently made changes to their positions in FCAP. 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 valued at $33,000 after acquiring an additional 284 shares during the last quarter. JPMorgan Chase & Co. lifted its stake 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 during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in First Capital in the second quarter worth $74,000. Bank of America Corp DE increased its position in First Capital by 215.8% during the second quarter. Bank of America Corp DE now owns 2,122 shares of the savings and loans company’s stock worth $88,000 after buying an additional 1,450 shares during the last quarter. Finally, New York State Common Retirement Fund bought a new position in First Capital during the second quarter valued at about $107,000. Institutional investors own 11.65% of the company’s stock.

About First Capital

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.