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

First Capital, Inc. (NASDAQ:FCAP - Get Free Report)'s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $38.47 and traded as high as $43.94. First Capital shares last traded at $43.44, with a volume of 5,734 shares.

Analyst Ratings Changes

Separately, Wall Street Zen started coverage on shares of First Capital in a research report on Thursday, April 17th. They issued a "hold" rating on the stock.

First Capital Stock Down 3.7%

The firm's 50-day simple moving average is $46.29 and its 200 day simple moving average is $38.65. The stock has a market capitalization of $142.26 million, a P/E ratio of 11.57 and a beta of 0.67.

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

First Capital Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be paid a $0.29 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.16 dividend on an annualized basis and a yield of 2.74%. First Capital's dividend payout ratio is currently 31.69%.

Hedge Funds Weigh In On First Capital

Institutional investors have recently bought and sold shares of the stock. Fourthstone LLC purchased a new position in First Capital during the 4th quarter valued at about $1,824,000. Truffle Hound Capital LLC purchased a new position in First Capital during the 4th quarter valued at about $1,193,000. Commonwealth Equity Services LLC grew its stake in First Capital by 91.8% during 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 acquiring an additional 10,204 shares in the last quarter. Raymond James Financial Inc. purchased a new position in First Capital during the 4th quarter valued at about $292,000. Finally, Barlow Wealth Partners Inc. purchased a new position in First Capital during the 1st quarter valued at about $200,000. 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.