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

Key Points

• First Capital shares rose 3.2%, trading as high as $64.64 and closing near $63.94, moving above the 200-day average of $60.75.
• Weiss Ratings upgraded the stock from “hold” to “buy,” while the two analysts covering First Capital maintain a consensus “Buy” rating.
• The company increased its quarterly dividend from $0.31 to $0.32 per share, equal to an annualized $1.28 dividend and a 2.0% yield.

Shares of First Capital, Inc. (NASDAQ:FCAP - Get Free Report) crossed above its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $60.75 and traded as high as $64.64. First Capital shares last traded at $63.94, with a volume of 37,176 shares.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of First Capital from a "hold (c)" rating to a "buy (b)" rating in a research report on Friday, August 28th. Two research analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, First Capital has a consensus rating of "Buy".

First Capital Stock Up 3.2%

The company has a market cap of $213.56 million, a P/E ratio of 11.56 and a beta of 0.71. The firm has a fifty day moving average price of $62.52 and a 200 day moving average price of $60.75.

First Capital (NASDAQ:FCAP - Get Free Report) last released its earnings results on Friday, July 24th. The savings and loans company reported $1.43 EPS for the quarter. First Capital had a return on equity of 13.39% and a net margin of 26.79%. The company had revenue of $14.29 million during the quarter.

First Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 11th were given a $0.32 dividend. The ex-dividend date was Friday, September 11th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.0%. This is an increase from First Capital's previous quarterly dividend of $0.31. First Capital's dividend payout ratio is currently 23.15%.

Institutional Investors Weigh In On First Capital

A number of hedge funds and other institutional investors have recently made changes to their positions in FCAP. Stock Yards Bank & Trust Co. raised its holdings in shares of First Capital by 4.1% in the first quarter. Stock Yards Bank & Trust Co. now owns 5,022 shares of the savings and loans company's stock valued at $249,000 after purchasing an additional 200 shares during the last quarter. Bank of America Corp DE grew its position in First Capital by 20.1% in the first quarter. Bank of America Corp DE now owns 5,035 shares of the savings and loans company's stock valued at $250,000 after purchasing an additional 841 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in First Capital in the 2nd quarter valued at $512,000. Empowered Funds LLC increased its stake in First Capital by 6.4% in the 1st quarter. Empowered Funds LLC now owns 19,452 shares of the savings and loans company's stock valued at $965,000 after buying an additional 1,164 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in First Capital by 3.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 24,849 shares of the savings and loans company's stock valued at $1,234,000 after buying an additional 738 shares during the last quarter. 11.65% of the stock is currently owned by institutional investors and hedge funds.

About First Capital

First Capital, Inc NASDAQ: FCAP is a bank holding company headquartered in Corydon, Indiana. Through its principal subsidiary, First Harrison Bank, the company provides community banking services to individuals, families, businesses and organizations in southern Indiana and surrounding markets.

First Harrison Bank offers deposit products, residential and commercial real estate lending, consumer loans, business financing and other traditional banking services. Its offerings may also include online and mobile banking, treasury management and mortgage-related services designed to support personal and commercial financial needs.

First Harrison Bank has a history of serving its local communities and operates through a network of banking offices in southern Indiana.

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