First Capital (NASDAQ:FCAP) Stock Passes Above 200 Day Moving Average – Time to Sell?

First Capital, Inc. (NASDAQ:FCAP) shares crossed 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

A number of brokerages have recently weighed in on FCAP. Weiss Ratings lowered First Capital from a “buy (b)” rating to a “hold (c)” rating in a research report on Tuesday, April 21st. Colliers Securities raised First Capital to a “moderate buy” rating in a research note on Thursday, April 16th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

First Capital Stock Down 3.4%

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

First Capital (NASDAQ:FCAP) last released its quarterly earnings results on Friday, April 24th. The savings and loans company reported $1.30 earnings per share (EPS) for the quarter. The company had revenue of $13.47 million for 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 announced a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 12th were issued a $0.31 dividend. The ex-dividend date was Friday, June 12th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.0%. First Capital’s payout ratio is 23.71%.

Institutional Trading of First Capital

Hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC lifted its holdings in shares of First Capital by 109.7% in the 2nd quarter. Geode Capital Management LLC now owns 78,226 shares of the savings and loans company’s stock valued at $3,231,000 after acquiring an additional 40,918 shares during the last quarter. Vanguard Group Inc. increased its stake in First Capital by 0.4% during the third quarter. Vanguard Group Inc. now owns 71,010 shares of the savings and loans company’s stock worth $3,252,000 after acquiring an additional 264 shares during the last quarter. Farther Finance Advisors LLC raised its position in First Capital by 101.3% during the fourth quarter. Farther Finance Advisors LLC now owns 49,180 shares of the savings and loans company’s stock valued at $2,911,000 after purchasing an additional 24,750 shares during the period. State Street Corp raised its position in First Capital by 24.9% during the fourth quarter. State Street Corp now owns 45,460 shares of the savings and loans company’s stock valued at $2,691,000 after purchasing an additional 9,071 shares during the period. Finally, Bridgeway Capital Management LLC raised its position in First Capital by 7.9% during the third quarter. Bridgeway Capital Management LLC now owns 34,703 shares of the savings and loans company’s stock valued at $1,589,000 after purchasing an additional 2,526 shares during the period. 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.