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

Key Points

• First Capital (NASDAQ: FCAP) shares moved above their 200-day moving average, trading as high as $62.85 and last changing hands at $61.28.
• Analyst sentiment is mixed but leans positive, with Colliers Securities upgrading the stock to moderate buy while Weiss Ratings downgraded it to hold.
• The company reported quarterly EPS of $1.30 and continues to pay a dividend, recently distributing $0.31 per share for a 2.0% annualized yield.

First Capital, Inc. (NASDAQ:FCAP - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $55.52 and traded as high as $62.85. First Capital shares last traded at $61.28, with a volume of 13,585 shares changing hands.

Analyst Upgrades and Downgrades

Several research firms have recently commented on FCAP. Weiss Ratings downgraded First Capital from a "buy (b)" rating to a "hold (c)" rating in a research note on Tuesday, April 21st. Colliers Securities raised First Capital to a "moderate buy" rating in a research report on Thursday, April 16th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy".

First Capital Stock Performance

The company's 50-day moving average price is $61.20 and its 200 day moving average price is $55.52. The stock has a market capitalization of $205.29 million, a P/E ratio of 11.72 and a beta of 0.71.

First Capital (NASDAQ:FCAP - Get Free Report) last issued its earnings results on Friday, April 24th. The savings and loans company reported $1.30 earnings per share for the quarter. First Capital had a net margin of 26.03% and a return on equity of 12.82%. The company had revenue of $13.47 million during the quarter.

First Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 12th were paid a $0.31 dividend. The ex-dividend date of this dividend was Friday, June 12th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.0%. First Capital's dividend payout ratio is 23.71%.

Institutional Trading of First Capital

Several institutional investors have recently made changes to their positions in FCAP. Geode Capital Management LLC raised its position in shares of First Capital by 109.7% during the second quarter. Geode Capital Management LLC now owns 78,226 shares of the savings and loans company's stock valued at $3,231,000 after buying an additional 40,918 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of First Capital by 101.3% in the fourth quarter. Farther Finance Advisors LLC now owns 49,180 shares of the savings and loans company's stock worth $2,911,000 after buying an additional 24,750 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new position in shares of First Capital during the second quarter worth $439,000. State Street Corp boosted its position in shares of First Capital by 24.9% during the fourth quarter. State Street Corp now owns 45,460 shares of the savings and loans company's stock worth $2,691,000 after acquiring an additional 9,071 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in First Capital by 82,885.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 5,809 shares of the savings and loans company's stock valued at $344,000 after acquiring an additional 5,802 shares in the last quarter. Hedge funds and other institutional investors own 11.65% of the company's stock.

About First Capital

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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