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

First Capital, Inc. (NASDAQ:FCAP)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $55.60 and traded as high as $65.66. First Capital shares last traded at $64.93, with a volume of 6,848 shares changing hands.

Analysts Set New Price Targets

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

First Capital Price Performance

The business’s 50 day moving average price is $59.28 and its 200-day moving average price is $55.60. The company has a market cap of $217.52 million, a P/E ratio of 12.41 and a beta of 0.71.

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

First Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 12th were issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 1.9%. The ex-dividend date was Friday, June 12th. First Capital’s dividend payout ratio is currently 23.71%.

Hedge Funds Weigh In On First Capital

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FCAP. Russell Investments Group Ltd. boosted its stake in First Capital by 105.2% during the 4th 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. JPMorgan Chase & Co. increased its stake in First Capital by 30,940.0% in the second 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 First Capital in the second quarter worth $74,000. Bank of America Corp DE raised its holdings in First Capital by 215.8% in 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 purchasing an additional 1,450 shares during the period. Finally, New York State Common Retirement Fund bought a new position in shares of First Capital during the second quarter worth $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.