First Capital (NASDAQ:FCAP) Stock Price Passes Below 200-Day Moving Average of $25.20

First Capital, Inc. (NASDAQ:FCAP – Get Rating)’s share price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $25.20 and traded as low as $23.97. First Capital shares last traded at $24.00, with a volume of 1,678 shares changing hands.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on shares of First Capital in a research note on Tuesday. They issued a “hold” rating on the stock.

First Capital Trading Down 0.0 %

The stock’s 50 day moving average price is $24.58 and its 200 day moving average price is $25.20. The company has a market cap of $80.62 million, a price-to-earnings ratio of 6.11 and a beta of 0.22.

First Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 31st. Shareholders of record on Friday, March 17th were given a $0.27 dividend. This is an increase from First Capital’s previous quarterly dividend of $0.26. The ex-dividend date was Thursday, March 16th. This represents a $1.08 annualized dividend and a yield of 4.50%. First Capital’s dividend payout ratio (DPR) is 27.48%.

Hedge Funds Weigh In On First Capital

Several institutional investors and hedge funds have recently made changes to their positions in FCAP. Dimensional Fund Advisors LP grew its holdings in First Capital by 3.5% during the third quarter. Dimensional Fund Advisors LP now owns 19,933 shares of the savings and loans company’s stock worth $512,000 after acquiring an additional 683 shares during the period. Bank of America Corp DE raised its stake in shares of First Capital by 99.2% in the 1st quarter. Bank of America Corp DE now owns 1,452 shares of the savings and loans company’s stock valued at $37,000 after acquiring an additional 723 shares in the last quarter. BlackRock Inc. increased its position in First Capital by 8.2% in the 1st quarter. BlackRock Inc. now owns 9,571 shares of the savings and loans company’s stock worth $245,000 after buying an additional 724 shares during the period. State Street Corp increased its position in First Capital by 10.6% in the 1st quarter. State Street Corp now owns 9,576 shares of the savings and loans company’s stock worth $370,000 after buying an additional 920 shares during the period. Finally, UBS Group AG grew its holdings in shares of First Capital by 23,700.0% during the 4th quarter. UBS Group AG now owns 1,428 shares of the savings and loans company’s stock worth $36,000 after purchasing an additional 1,422 shares in the last quarter. 10.53% of the stock is currently owned by hedge funds and other institutional investors.

About First Capital

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First Capital, Inc operates as a bank holding company, which engages in the provision of commercial and business banking services. Its loan portfolio includes residential real estate, land, construction, commercial real estate and business, home equity and second mortgage, and other consumer loans. The company was founded on September 11, 1998 and is headquartered in Corydon, IN.