First Capital (NASDAQ:FCAP) Stock Price Passes Above 200-Day Moving Average – What’s Next?

First Capital, Inc. (NASDAQ:FCAP) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $52.28 and traded as high as $56.30. First Capital shares last traded at $54.18, with a volume of 2,533 shares trading hands.

Wall Street Analysts Forecast Growth

FCAP has been the subject of a number of recent research reports. 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 First Capital to a “moderate buy” rating in a research note on Thursday, April 16th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, First Capital currently has a consensus rating of “Moderate Buy”.

First Capital Stock Performance

The stock’s 50 day simple moving average is $51.88 and its two-hundred day simple moving average is $52.28. The firm has a market capitalization of $181.50 million, a PE ratio of 10.36 and a beta of 0.68.

First Capital (NASDAQ:FCAP) last released its quarterly earnings results on Friday, April 24th. The savings and loans company reported $1.30 EPS for the quarter. The firm 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Friday, March 13th were paid a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 2.3%. The ex-dividend date was Friday, March 13th. First Capital’s dividend payout ratio is currently 23.71%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in FCAP. Farther Finance Advisors LLC grew its holdings in First Capital by 101.3% during the 4th quarter. Farther Finance Advisors LLC now owns 49,180 shares of the savings and loans company’s stock worth $2,911,000 after acquiring an additional 24,750 shares in the last quarter. Bank of America Corp DE lifted its position in First Capital by 215.8% in the 2nd quarter. Bank of America Corp DE now owns 2,122 shares of the savings and loans company’s stock valued at $88,000 after purchasing an additional 1,450 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in First Capital in the 2nd quarter valued at about $74,000. JPMorgan Chase & Co. raised its position 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 worth $64,000 after buying an additional 1,547 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its holdings in shares of First Capital by 105.2% in the 4th 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 in the last quarter. 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.