First Capital (NASDAQ:FCAP) Share Price Crosses Above 200-Day Moving Average - Here's Why

Shares of First Capital, Inc. (NASDAQ:FCAP - Get Free Report) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $32.85 and traded as high as $34.96. First Capital shares last traded at $34.39, with a volume of 2,575 shares traded.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on shares of First Capital in a research note on Wednesday. They set a "hold" rating on the stock.

First Capital Price Performance

The stock's 50 day moving average is $31.95 and its two-hundred day moving average is $32.94. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.70 and a quick ratio of 0.70. The stock has a market capitalization of $117.22 million, a PE ratio of 9.80 and a beta of 0.56.

First Capital (NASDAQ:FCAP - Get Free Report) last released its earnings results on Friday, January 24th. The savings and loans company reported $0.97 earnings per share for the quarter. First Capital had a net margin of 20.54% and a return on equity of 10.84%.

First Capital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 13th were paid a $0.29 dividend. The ex-dividend date was Friday, December 13th. This represents a $1.16 annualized dividend and a yield of 3.32%. First Capital's dividend payout ratio is currently 32.49%.

Hedge Funds Weigh In On First Capital

Hedge funds have recently added to or reduced their stakes in the stock. Empowered Funds LLC increased its stake in First Capital by 5.0% in the third quarter. Empowered Funds LLC now owns 14,030 shares of the savings and loans company's stock valued at $490,000 after purchasing an additional 670 shares during the last quarter. Geode Capital Management LLC increased its stake in First Capital by 4.4% in the third quarter. Geode Capital Management LLC now owns 35,687 shares of the savings and loans company's stock valued at $1,248,000 after purchasing an additional 1,520 shares during the last quarter. Siena Capital Partners GP LLC increased its stake in First Capital by 17.4% in the third quarter. Siena Capital Partners GP LLC now owns 103,032 shares of the savings and loans company's stock valued at $3,602,000 after purchasing an additional 15,277 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in First Capital by 7.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 19,939 shares of the savings and loans company's stock valued at $636,000 after purchasing an additional 1,440 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of First Capital during the fourth quarter worth approximately $292,000. 11.65% of the stock is currently owned by hedge funds and other institutional investors.

About First Capital

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.