First Capital (NASDAQ:FCAP) Stock Price Breaks Above 50-Day Moving Average – Here’s Why

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 changing hands.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded First Capital from a “hold (c)” rating to a “buy (b)” rating in a research report on Friday, August 28th. Two equities research analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the company presently has an average rating of “Buy”.

First Capital Stock Performance

The company has a market capitalization of $211.39 million, a PE ratio of 11.06 and a beta of 0.74. The company’s fifty day moving average is $62.72 and its 200-day moving average is $58.67.

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

First Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 11th were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.0%. This is a boost from First Capital’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend was Friday, September 11th. First Capital’s dividend payout ratio is currently 22.38%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its stake 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 buying an additional 738 shares in the last quarter. Empowered Funds LLC boosted its holdings 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 worth $965,000 after buying an additional 1,164 shares during the period. Bank of New York Mellon Corp purchased a new stake in First Capital in the 2nd quarter worth $512,000. Bank of America Corp DE increased its stake in First Capital by 20.1% in the 1st quarter. Bank of America Corp DE now owns 5,035 shares of the savings and loans company’s stock worth $250,000 after buying an additional 841 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its stake in First Capital by 13.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 2,854 shares of the savings and loans company’s stock worth $176,000 after buying an additional 343 shares in the last quarter. Hedge funds and other institutional investors own 11.65% of the company’s stock.

About First Capital

First Capital, Inc. is a bank holding company headquartered in Corydon, Indiana. Through its subsidiary, First Harrison Bank, the company provides community banking services to individuals, families, businesses and organizations. First Harrison Bank offers deposit products, residential and commercial real estate lending, consumer loans, commercial loans and other financing solutions. Its services also include online and mobile banking, cash-management tools and related banking products designed to support personal and business financial needs.