First Capital (NASDAQ:FCAP) Share Price Passes Above 200-Day Moving Average – Here’s Why

Shares of First Capital, Inc. (NASDAQ:FCAP) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $32.85 and traded as high as $34.96. First Capital shares last traded at $34.39, with a volume of 2,575 shares.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on shares of First Capital in a research note on Wednesday. They set a “hold” rating on the stock.

First Capital Stock Performance

The stock’s fifty day simple moving average is $31.71 and its 200-day simple moving average is $32.85. The company has a market capitalization of $115.21 million, a PE ratio of 9.63 and a beta of 0.56. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.29.

First Capital (NASDAQ:FCAP) last issued its quarterly earnings data on Friday, January 24th. The savings and loans company reported $0.97 earnings per share (EPS) 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 disclosed a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were paid a $0.29 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.16 dividend on an annualized basis and a yield of 3.37%. First Capital’s payout ratio is 32.49%.

Hedge Funds Weigh In On First Capital

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Truffle Hound Capital LLC purchased a new position in shares of First Capital during the 4th quarter worth approximately $1,193,000. Siena Capital Partners GP LLC raised its holdings in shares of First Capital by 17.4% in the third quarter. Siena Capital Partners GP LLC now owns 103,032 shares of the savings and loans company’s stock worth $3,602,000 after acquiring an additional 15,277 shares during the last quarter. Commonwealth Equity Services LLC lifted its position in shares of First Capital by 91.8% in the fourth quarter. Commonwealth Equity Services LLC now owns 21,319 shares of the savings and loans company’s stock valued at $688,000 after acquiring an additional 10,204 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of First Capital during the fourth quarter valued at $292,000. Finally, Geode Capital Management LLC increased its position in First Capital by 4.4% during the 3rd quarter. Geode Capital Management LLC now owns 35,687 shares of the savings and loans company’s stock worth $1,248,000 after purchasing an additional 1,520 shares in the last quarter. Institutional investors and hedge funds 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.