First Capital (NASDAQ:FCAP) Stock Crosses Above 200-Day Moving Average - Here's What Happened

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 stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-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 traded.

First Capital Price Performance

The business has a 50 day simple moving average of $39.30 and a 200 day simple moving average of $41.31. The company has a market capitalization of $139.57 million, a price-to-earnings ratio of 10.54 and a beta of 0.65.

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

First Capital Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Friday, September 12th will be given a dividend of $0.31 per share. This is an increase from First Capital's previous quarterly dividend of $0.29. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Friday, September 12th. First Capital's dividend payout ratio is currently 29.44%.

Hedge Funds Weigh In On First Capital

Large investors have recently bought and sold shares of the business. Bridgeway Capital Management LLC lifted its position in shares of First Capital by 2.3% during the 4th quarter. Bridgeway Capital Management LLC now owns 29,740 shares of the savings and loans company's stock valued at $949,000 after acquiring an additional 675 shares during the period. Police & Firemen s Retirement System of New Jersey purchased a new position in shares of First Capital during the 2nd quarter worth approximately $28,000. CWM LLC purchased a new position in shares of First Capital during the 2nd quarter worth approximately $31,000. Empowered Funds LLC increased its stake in shares of First Capital by 6.9% during the 1st quarter. Empowered Funds LLC now owns 15,713 shares of the savings and loans company's stock worth $599,000 after purchasing an additional 1,008 shares in the last quarter. Finally, Farther Finance Advisors LLC purchased a new position in shares of First Capital during the 2nd quarter worth approximately $44,000. Hedge funds and other institutional investors 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.