First Capital (NASDAQ:FCAP) Shares Cross Above 200 Day Moving Average - Should You Sell?

Key Points

• First Capital shares crossed above their 200-day moving average, reaching $63.74 compared with the $56.59 long-term average, although trading volume was relatively light at 15,624 shares.
• Analyst sentiment is generally positive: Colliers Securities upgraded the stock to “moderate buy,” while Weiss Ratings maintained a “hold” rating. MarketBeat’s consensus rating is “Moderate Buy.”
• First Capital reported quarterly earnings of $1.43 per share on $14.29 million in revenue, alongside a 26.79% net margin and a quarterly dividend of $0.31, equivalent to a 1.9% yield.

First Capital, Inc. (NASDAQ:FCAP - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $56.59 and traded as high as $63.74. First Capital shares last traded at $63.74, with a volume of 15,624 shares.

Analysts Set New Price Targets

FCAP has been the topic of several research reports. Colliers Securities raised First Capital to a "moderate buy" rating in a report on Thursday, April 16th. Weiss Ratings reissued a "hold (c)" rating on shares of First Capital in a research note on Friday, July 17th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy".

First Capital Trading Down 0.5%

The company has a fifty day simple moving average of $63.24 and a 200-day simple moving average of $56.59. The stock has a market cap of $213.53 million, a price-to-earnings ratio of 11.53 and a beta of 0.71.

First Capital (NASDAQ:FCAP - Get Free Report) last posted its quarterly earnings data on Friday, July 24th. The savings and loans company reported $1.43 EPS for the quarter. The company had revenue of $14.29 million during the quarter. First Capital had a net margin of 26.79% and a return on equity of 13.55%.

First Capital Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 12th were given a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Friday, June 12th. First Capital's dividend payout ratio is 22.42%.

Hedge Funds Weigh In On First Capital

Several institutional investors and hedge funds have recently added to or reduced their stakes in FCAP. Russell Investments Group Ltd. raised its stake in First Capital by 105.2% during the 4th quarter. Russell Investments Group Ltd. now owns 554 shares of the savings and loans company's stock valued at $33,000 after purchasing an additional 284 shares during the period. JPMorgan Chase & Co. boosted its position in shares of First Capital by 30,940.0% in the second 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 during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of First Capital during the second quarter valued at $74,000. Bank of America Corp DE grew its holdings in shares of First Capital by 215.8% during the second quarter. Bank of America Corp DE now owns 2,122 shares of the savings and loans company's stock valued at $88,000 after buying an additional 1,450 shares in the last quarter. Finally, New York State Common Retirement Fund acquired a new position in First Capital during the second quarter valued at $107,000. 11.65% of the stock is currently 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.

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