First Capital (NASDAQ:FCAP) Stock Crosses Above 200 Day Moving Average – Should You Sell?

First Capital, Inc. (NASDAQ:FCAP) passed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $60.75 and traded as high as $64.64. First Capital shares last traded at $63.94, with a volume of 37,176 shares trading hands.

Analyst Ratings Changes

Separately, Weiss Ratings raised First Capital from a “hold (c)” rating to a “buy (b)” rating in a report on Friday, August 28th. Two analysts have rated the stock with a Buy rating. According to data from MarketBeat, the stock has a consensus rating of “Buy”.

First Capital Price Performance

The firm has a market cap of $211.59 million, a P/E ratio of 11.46 and a beta of 0.71. The company has a fifty day moving average of $62.49 and a 200-day moving average of $60.77.

First Capital (NASDAQ:FCAP) last issued its quarterly earnings data on Friday, October 23rd. The savings and loans company reported $1.53 earnings per share for the quarter. The business had revenue of $14.80 million for the quarter. First Capital had a return on equity of 13.39% and a net margin of 26.79%.

First Capital Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 11th were issued a $0.32 dividend. This is an increase from First Capital’s previous quarterly dividend of $0.31. This represents a $1.28 annualized dividend and a dividend yield of 2.0%. The ex-dividend date was Friday, September 11th. First Capital’s dividend payout ratio is currently 23.15%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in FCAP. Stock Yards Bank & Trust Co. grew its position in First Capital by 4.1% in the 1st 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 in the last quarter. Dimensional Fund Advisors LP increased its stake in First Capital by 3.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 24,849 shares of the savings and loans company’s stock valued at $1,234,000 after buying an additional 738 shares during the last quarter. Bank of America Corp DE increased its stake in First Capital by 20.1% in the 1st quarter. Bank of America Corp DE now owns 5,035 shares of the savings and loans company’s stock valued at $250,000 after buying an additional 841 shares during the last quarter. Empowered Funds LLC increased its stake in First Capital by 6.4% in the 1st quarter. Empowered Funds LLC now owns 19,452 shares of the savings and loans company’s stock valued at $965,000 after buying an additional 1,164 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new position in shares of First Capital during the 2nd quarter worth approximately $512,000. 11.65% of the stock is owned by institutional investors.

About First Capital

First Capital, Inc is a bank holding company headquartered in Corydon, Indiana. Through its subsidiary, First Harrison Bank, the company provides community banking services to individuals, families, businesses and organizations.

First Harrison Bank offers deposit products, residential and commercial real estate lending, consumer loans, commercial loans and other financing solutions. Its services also include online and mobile banking, cash-management tools and related banking products designed to support personal and business financial needs.

Founded in 1891, First Harrison Bank has a longstanding history of serving communities in southern Indiana.