First Capital (NASDAQ:FCAP) Stock Crosses Above Two Hundred Day Moving Average – Here’s Why

First Capital, Inc. (NASDAQ:FCAP)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $31.61 and traded as high as $34.80. First Capital shares last traded at $34.30, with a volume of 2,622 shares trading hands.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on shares of First Capital in a research report on Friday. They set a “hold” rating on the stock.

First Capital Price Performance

The stock has a 50-day simple moving average of $34.57 and a 200 day simple moving average of $31.61. The company has a market cap of $114.91 million, a PE ratio of 9.72 and a beta of 0.63. The company has a quick ratio of 0.67, a current ratio of 0.68 and a debt-to-equity ratio of 0.31.

First Capital (NASDAQ:FCAP) last posted its quarterly earnings data on Friday, October 25th. The savings and loans company reported $0.87 earnings per share for the quarter. First Capital had a net margin of 20.87% and a return on equity of 11.08%. The firm had revenue of $10.93 million during the quarter.

First Capital Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were given a $0.29 dividend. This is an increase from First Capital’s previous quarterly dividend of $0.27. This represents a $1.16 annualized dividend and a yield of 3.38%. The ex-dividend date of this dividend was Friday, September 13th. First Capital’s payout ratio is currently 32.86%.

Institutional Trading of First Capital

A hedge fund recently raised its stake in First Capital stock. Empowered Funds LLC boosted its holdings in shares of First Capital, Inc. (NASDAQ:FCAP) by 5.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,030 shares of the savings and loans company’s stock after buying an additional 670 shares during the quarter. Empowered Funds LLC owned 0.42% of First Capital worth $490,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 11.65% of the company’s stock.

First Capital Company Profile

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.