First Capital (NASDAQ:FCAP) Stock Crosses Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• First Capital's stock price recently surpassed its 200-day moving average, reaching a high of $41.63, while currently trading at $40.90.
• The company announced an increase in its quarterly dividend to $0.31, yielding 3.0%, payable on September 26th to shareholders on record by September 12th.
• Institutional investors are showing increased interest, with notable acquisitions including JPMorgan Chase & Co. raising its stake by 30,940.0% in the second quarter.

First Capital, Inc. (NASDAQ:FCAP - Get Free Report)'s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $41.08 and traded as high as $41.63. First Capital shares last traded at $40.90, with a volume of 4,690 shares.

First Capital Stock Down 0.2%

The stock has a market cap of $137.42 million, a price-to-earnings ratio of 10.38 and a beta of 0.69. The company's 50-day simple moving average is $39.49 and its 200-day simple moving average is $41.08.

First Capital (NASDAQ:FCAP - Get Free Report) last posted its quarterly earnings results on Friday, July 25th. The savings and loans company reported $1.13 earnings per share (EPS) for the quarter. First Capital had a net margin of 21.45% and a return on equity of 11.23%. The firm had revenue of $12.43 million for the quarter.

First Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 12th will be paid a $0.31 dividend. The ex-dividend date of this dividend is Friday, September 12th. This represents a $1.24 dividend on an annualized basis and a yield of 3.0%. This is a positive change from First Capital's previous quarterly dividend of $0.29. First Capital's dividend payout ratio (DPR) is 29.44%.

Hedge Funds Weigh In On First Capital

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Police & Firemen s Retirement System of New Jersey acquired a new position in First Capital in the 2nd quarter worth approximately $28,000. CWM LLC acquired a new position in First Capital in the 2nd quarter worth approximately $31,000. Farther Finance Advisors LLC acquired a new position in First Capital in the 2nd quarter worth approximately $44,000. JPMorgan Chase & Co. boosted its stake in First Capital by 30,940.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,552 shares of the savings and loans company's stock worth $64,000 after purchasing an additional 1,547 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in First Capital in the 2nd quarter worth approximately $74,000. Institutional investors and hedge funds own 11.65% of the company's stock.

About First Capital

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.

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