First Capital (NASDAQ:FCAP) Stock Passes Below 200-Day Moving Average – What’s Next?

by · The Cerbat Gem

First Capital, Inc. (NASDAQ:FCAPGet Free Report) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $50.34 and traded as low as $50.22. First Capital shares last traded at $50.22, with a volume of 4,270 shares changing hands.

Analyst Upgrades and Downgrades

Several analysts have recently commented on FCAP shares. Wall Street Zen raised shares of First Capital to a “hold” rating in a research note on Saturday, January 10th. Weiss Ratings raised shares of First Capital from a “hold (c)” rating to a “buy (b)” rating in a research note on Friday, March 20th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, First Capital presently has an average rating of “Buy”.

Check Out Our Latest Research Report on First Capital

First Capital Price Performance

The business’s 50 day simple moving average is $51.58 and its 200-day simple moving average is $50.40. The stock has a market capitalization of $174.90 million, a P/E ratio of 10.66 and a beta of 0.62.

First Capital (NASDAQ:FCAPGet Free Report) last posted its earnings results on Friday, January 23rd. The savings and loans company reported $1.46 earnings per share for the quarter. The company had revenue of $13.49 million for the quarter. First Capital had a net margin of 25.06% and a return on equity of 12.95%.

First Capital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Friday, March 13th were issued a $0.31 dividend. The ex-dividend date was Friday, March 13th. This represents a $1.24 annualized dividend and a yield of 2.4%. First Capital’s dividend payout ratio (DPR) is 25.31%.

Institutional Investors Weigh In On First Capital

Several hedge funds have recently bought and sold shares of the company. Stock Yards Bank & Trust Co. raised its holdings in First Capital by 4.4% in the fourth quarter. Stock Yards Bank & Trust Co. now owns 4,822 shares of the savings and loans company’s stock worth $285,000 after purchasing an additional 202 shares during the period. CWM LLC raised its holdings in shares of 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 acquiring an additional 255 shares during the period. Vanguard Group Inc. raised its holdings in shares of First Capital by 0.4% during the third quarter. Vanguard Group Inc. now owns 71,010 shares of the savings and loans company’s stock worth $3,252,000 after acquiring an additional 264 shares during the period. Russell Investments Group Ltd. raised its holdings in shares of 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 acquiring an additional 284 shares during the period. Finally, Mariner LLC raised its holdings in shares of First Capital by 2.8% during the third quarter. Mariner LLC now owns 11,291 shares of the savings and loans company’s stock worth $517,000 after acquiring an additional 310 shares during the period. 11.65% of the stock is currently owned by institutional investors and hedge funds.

First Capital Company Profile

(Get Free Report)

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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