First Capital (NASDAQ:FCAP) Stock Passes Above Two Hundred Day Moving Average – What’s Next?

First Capital, Inc. (NASDAQ:FCAP) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $54.61 and traded as high as $64.09. First Capital shares last traded at $63.49, with a volume of 2,398 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on FCAP shares. Weiss Ratings cut shares of First Capital from a “buy (b)” rating to a “hold (c)” rating in a report on Tuesday, April 21st. Colliers Securities upgraded shares of First Capital to a “moderate buy” rating in a research report on Thursday, April 16th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

First Capital Stock Down 1.1%

The company has a market capitalization of $212.69 million, a PE ratio of 12.14 and a beta of 0.71. The company’s 50 day moving average is $56.55 and its two-hundred day moving average is $54.61.

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

First Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 12th will be paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Friday, June 12th. First Capital’s dividend payout ratio (DPR) is presently 23.71%.

Hedge Funds Weigh In On First Capital

A number of institutional investors and hedge funds have recently made changes to their positions in FCAP. Geode Capital Management LLC boosted its stake in shares of First Capital by 109.7% during the 2nd quarter. Geode Capital Management LLC now owns 78,226 shares of the savings and loans company’s stock worth $3,231,000 after purchasing an additional 40,918 shares during the period. Vanguard Group Inc. boosted its stake in shares of First Capital by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 71,010 shares of the savings and loans company’s stock worth $3,252,000 after purchasing an additional 264 shares during the period. Farther Finance Advisors LLC boosted its position in First Capital by 101.3% in the 4th quarter. Farther Finance Advisors LLC now owns 49,180 shares of the savings and loans company’s stock valued at $2,911,000 after buying an additional 24,750 shares during the period. State Street Corp boosted its position in First Capital by 24.9% in the 4th quarter. State Street Corp now owns 45,460 shares of the savings and loans company’s stock valued at $2,691,000 after buying an additional 9,071 shares during the period. Finally, Bridgeway Capital Management LLC boosted its position in First Capital by 7.9% in the 3rd quarter. Bridgeway Capital Management LLC now owns 34,703 shares of the savings and loans company’s stock valued at $1,589,000 after buying an additional 2,526 shares during the period. 11.65% of the stock is 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.