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

First Capital, Inc. (NASDAQ:FCAP)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $37.96 and traded as high as $45.48. First Capital shares last traded at $45.02, with a volume of 5,751 shares traded.

Analysts Set New Price Targets

Separately, Wall Street Zen initiated coverage on shares of First Capital in a research report on Thursday, April 17th. They set a “hold” rating for the company.

First Capital Stock Performance

The firm has a fifty day simple moving average of $45.55 and a 200 day simple moving average of $37.96. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.29. The stock has a market cap of $151.04 million, a price-to-earnings ratio of 12.61 and a beta of 0.67.

First Capital (NASDAQ:FCAP) last released its quarterly earnings data on Friday, April 25th. The savings and loans company reported $0.97 earnings per share (EPS) for the quarter. The business had revenue of $11.43 million for the quarter. First Capital had a return on equity of 10.84% and a net margin of 20.54%.

First Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be paid a $0.29 dividend. The ex-dividend date is Friday, June 13th. This represents a $1.16 dividend on an annualized basis and a yield of 2.58%. First Capital’s payout ratio is currently 31.69%.

Hedge Funds Weigh In On First Capital

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Fourthstone LLC acquired a new position in shares of First Capital in the 4th quarter worth approximately $1,824,000. Truffle Hound Capital LLC acquired a new position in First Capital in the fourth quarter valued at approximately $1,193,000. Commonwealth Equity Services LLC boosted its position in shares of First Capital by 91.8% in the 4th quarter. Commonwealth Equity Services LLC now owns 21,319 shares of the savings and loans company’s stock worth $688,000 after purchasing an additional 10,204 shares during the last quarter. Raymond James Financial Inc. acquired a new position in First Capital in the fourth quarter valued at about $292,000. Finally, Barlow Wealth Partners Inc. acquired a new position in shares of First Capital during the 1st quarter worth about $200,000. Institutional investors own 11.65% of the company’s stock.

First Capital Company Profile

First Capital, Inc operates as the bank holding company for First Harrison Bank that provides various banking services to individuals and business customers. The company offers various deposit instruments, including non-interest-bearing checking accounts, negotiable order of withdrawal accounts, money market accounts, regular savings accounts, certificates of deposit, and retirement savings plans.