First Capital (NASDAQ:FCAP) Shares Cross Above Fifty Day Moving Average – What’s Next?

First Capital, Inc. (NASDAQ:FCAP)’s stock price crossed above its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of $62.72 and traded as high as $63.29. First Capital shares last traded at $63.29, with a volume of 18,240 shares traded.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised 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. Based on data from MarketBeat, First Capital presently has an average rating of “Buy”.

First Capital Stock Up 2.1%

The stock has a market cap of $220.44 million, a P/E ratio of 11.30 and a beta of 0.74. The firm’s 50-day moving average is $62.83 and its two-hundred day moving average is $58.80.

First Capital (NASDAQ:FCAP) last posted its earnings results on Friday, October 23rd. The savings and loans company reported $1.53 earnings per share (EPS) for the quarter. The firm had revenue of $14.80 million during the quarter. First Capital had a net margin of 27.14% and a return on equity of 13.67%.

First Capital Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 11th were paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend was Friday, September 11th. This is a boost from First Capital’s previous quarterly dividend of $0.31. First Capital’s dividend payout ratio (DPR) is presently 22.38%.

Institutional Investors Weigh In On First Capital

A number of large investors have recently bought and sold shares of the business. Bank of America Corp DE raised its holdings in First Capital by 20.1% during 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 buying an additional 841 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of First Capital in the second quarter worth about $512,000. Russell Investments Group Ltd. boosted its stake in shares of First Capital by 13.7% during the 3rd quarter. Russell Investments Group Ltd. now owns 2,854 shares of the savings and loans company’s stock worth $176,000 after acquiring an additional 343 shares in the last quarter. Empowered Funds LLC increased its holdings in shares of First Capital by 6.4% during the 1st quarter. Empowered Funds LLC now owns 19,452 shares of the savings and loans company’s stock valued at $965,000 after acquiring an additional 1,164 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of First Capital by 3.1% during 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 acquiring an additional 738 shares during the last quarter. 11.65% of the stock is currently owned by institutional investors.

About First Capital

First Capital, Inc. is a bank holding company headquartered in Corydon, Indiana. It operates through its subsidiary, First Harrison Bank, a community bank serving customers in southern Indiana and the Louisville, Kentucky, metropolitan area. First Harrison Bank provides personal and business banking services, including deposit accounts, residential mortgage lending, commercial loans and consumer loans. It also offers online and mobile banking services to support customers’ day-to-day financial needs.