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

First Capital, Inc. (NASDAQ:FCAP - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $38.92 and traded as high as $42.71. First Capital shares last traded at $41.39, with a volume of 402,876 shares trading hands.

Analyst Upgrades and Downgrades

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

First Capital Price Performance

The stock has a 50-day moving average price of $46.42 and a 200-day moving average price of $38.92. The company has a market capitalization of $139.07 million, a price-to-earnings ratio of 11.31 and a beta of 0.67.

First Capital (NASDAQ:FCAP - Get Free Report) last issued its quarterly earnings data on Friday, April 25th. The savings and loans company reported $0.97 earnings per share (EPS) for the quarter. First Capital had a return on equity of 10.64% and a net margin of 20.51%. The company had revenue of $11.43 million during the quarter.

First Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, June 13th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, June 13th. This represents a $1.16 annualized dividend and a yield of 2.80%. First Capital's dividend payout ratio is currently 31.69%.

Institutional Investors Weigh In On First Capital

Hedge funds have recently modified their holdings of the company. Raymond James Financial Inc. bought a new position in shares of First Capital during the fourth quarter valued at about $292,000. Commonwealth Equity Services LLC increased its stake in 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 valued at $688,000 after buying an additional 10,204 shares during the last quarter. Truffle Hound Capital LLC bought a new position in shares of First Capital during the 4th quarter worth approximately $1,193,000. Dimensional Fund Advisors LP boosted its stake in shares of First Capital by 7.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 19,939 shares of the savings and loans company's stock worth $636,000 after buying an additional 1,440 shares during the last quarter. Finally, Fourthstone LLC purchased a new position in shares of First Capital in the 4th quarter worth approximately $1,824,000. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.