First Capital (NASDAQ:FCAP) Stock Crosses Above 200 Day Moving Average – Here’s What Happened

First Capital, Inc. (NASDAQ:FCAP) 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 traded.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Weiss Ratings downgraded 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 issued a Hold rating to the company’s stock. According to data from MarketBeat.com, First Capital presently has a consensus rating of “Moderate Buy”.

First Capital Price Performance

The business has a fifty day moving average of $59.51 and a 200-day moving average of $55.60. The stock has a market capitalization of $216.71 million, a price-to-earnings ratio of 12.37 and a beta of 0.71.

First Capital (NASDAQ:FCAP) last issued its quarterly 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 Dividend Announcement

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

Institutional Investors Weigh In On First Capital

Several large investors have recently modified their holdings of FCAP. Stock Yards Bank & Trust Co. raised its position in shares of First Capital by 4.1% during the first quarter. Stock Yards Bank & Trust Co. now owns 5,022 shares of the savings and loans company’s stock worth $249,000 after purchasing an additional 200 shares during the period. Vanguard Group Inc. raised its holdings in 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 buying an additional 264 shares during the period. Russell Investments Group Ltd. boosted its holdings in shares of First Capital by 105.2% in the fourth quarter. Russell Investments Group Ltd. now owns 554 shares of the savings and loans company’s stock worth $33,000 after buying an additional 284 shares during the period. Mariner LLC increased its position in shares of First Capital by 2.8% in the third quarter. Mariner LLC now owns 11,291 shares of the savings and loans company’s stock worth $517,000 after acquiring an additional 310 shares in the last quarter. Finally, Deutsche Bank AG raised its holdings in shares of First Capital by 18.7% during the fourth quarter. Deutsche Bank AG now owns 2,906 shares of the savings and loans company’s stock valued at $172,000 after acquiring an additional 458 shares during the period. 11.65% of the stock is owned by 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.