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

Key Points

• Technical breakout: First Capital's shares crossed above its 200‑day moving average of $51.75, trading as high as $57.46 and last at $57.28 on Thursday (volume 3,693), representing about a 2.9% intraday gain.
• Quarterly results and dividend: The firm reported $1.30 EPS on $13.47M revenue with a 26.03% net margin and 12.91% ROE, and pays a $0.31 quarterly dividend ($1.24 annualized) for a ~2.2% yield and a 23.7% payout ratio.
• Mixed analyst sentiment but institutional inflows: Analyst ratings are mixed (average "Moderate Buy" after recent upgrades and a downgrade), while several institutions including Russell, JPMorgan and Bank of America have increased their stakes and 11.65% of the stock is owned by hedge funds/institutions.

First Capital, Inc. (NASDAQ:FCAP - Get Free Report)'s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $51.75 and traded as high as $57.46. First Capital shares last traded at $57.28, with a volume of 3,693 shares changing hands.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on FCAP shares. Weiss Ratings cut shares of First Capital from a "buy (b)" rating to a "hold (c)" rating in a research report on Tuesday, April 21st. Wall Street Zen upgraded shares of First Capital to a "hold" rating in a research report on Saturday, January 10th. Finally, Colliers Securities upgraded shares of First Capital to a "moderate buy" rating in a research report on Thursday, April 16th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy".

First Capital Stock Up 2.9%

The firm's 50 day simple moving average is $51.40 and its 200 day simple moving average is $51.75. The company has a market capitalization of $191.89 million, a PE ratio of 10.95 and a beta of 0.68.

First Capital (NASDAQ:FCAP - Get Free Report) last posted its quarterly earnings data on Friday, April 24th. The savings and loans company reported $1.30 EPS for the quarter. The company had revenue of $13.47 million during the quarter. First Capital had a net margin of 26.03% and a return on equity of 12.91%.

First Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Friday, March 13th were paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend was Friday, March 13th. First Capital's payout ratio is presently 23.71%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of FCAP. Russell Investments Group Ltd. boosted its stake in First Capital by 105.2% during the fourth quarter. Russell Investments Group Ltd. now owns 554 shares of the savings and loans company's stock worth $33,000 after buying an additional 284 shares during the period. CWM LLC boosted its stake in First Capital by 34.4% during the third quarter. CWM LLC now owns 997 shares of the savings and loans company's stock worth $46,000 after buying an additional 255 shares during the period. JPMorgan Chase & Co. boosted its stake in First Capital by 30,940.0% during 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 First Capital during the second quarter worth $74,000. Finally, Bank of America Corp DE boosted its stake 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 purchasing an additional 1,450 shares during the period. 11.65% of the stock is 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.