First Capital (NASDAQ:FCAP) Stock Crosses Below 200 Day Moving Average – What’s Next?

First Capital, Inc. (NASDAQ:FCAP) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $49.96 and traded as low as $47.99. First Capital shares last traded at $47.99, with a volume of 4,643 shares traded.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Weiss Ratings upgraded shares of First Capital from a “hold (c)” rating to a “buy (b)” rating in a research report on Friday, March 20th. Wall Street Zen raised First Capital to a “hold” rating in a research note on Saturday, January 10th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of “Buy”.

First Capital Price Performance

The company’s 50 day simple moving average is $51.64 and its 200 day simple moving average is $49.96. The stock has a market cap of $160.67 million, a P/E ratio of 9.79 and a beta of 0.63.

First Capital (NASDAQ:FCAP) last announced its quarterly earnings results on Friday, January 23rd. The savings and loans company reported $1.46 earnings per share for the quarter. First Capital had a net margin of 25.06% and a return on equity of 12.95%. The company had revenue of $13.49 million for the quarter.

First Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 13th will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Friday, March 13th. First Capital’s dividend payout ratio (DPR) is presently 25.31%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Police & Firemen s Retirement System of New Jersey bought a new stake in shares of First Capital in the second quarter worth about $28,000. Russell Investments Group Ltd. raised its position in shares of First Capital by 105.2% during the fourth quarter. Russell Investments Group Ltd. now owns 554 shares of the savings and loans company’s stock worth $33,000 after purchasing an additional 284 shares during the period. CWM LLC lifted its holdings in shares of First Capital by 34.4% during 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 in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of First Capital by 30,940.0% during 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. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of First Capital in the 2nd quarter valued at approximately $74,000. 11.65% of the stock is owned by institutional investors and hedge funds.

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.