HL Financial Services LLC Has $1,270,000 Stake in Farmers Capital Bank Corporation (FFKT)

HL Financial Services LLC maintained its position in Farmers Capital Bank Corporation (NASDAQ:FFKT) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 32,932 shares of the bank’s stock at the end of the second quarter. HL Financial Services LLC owned approximately 0.44% of Farmers Capital Bank Corporation worth $1,270,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in FFKT. Oxford Asset Management raised its stake in Farmers Capital Bank Corporation by 43.1% in the first quarter. Oxford Asset Management now owns 33,091 shares of the bank’s stock valued at $1,337,000 after buying an additional 9,972 shares during the period. Eagle Global Advisors LLC raised its stake in Farmers Capital Bank Corporation by 6.2% in the first quarter. Eagle Global Advisors LLC now owns 9,916 shares of the bank’s stock valued at $401,000 after buying an additional 580 shares during the period. FSI Group LLC purchased a new stake in Farmers Capital Bank Corporation during the first quarter valued at about $970,000. Bank of New York Mellon Corp raised its stake in Farmers Capital Bank Corporation by 9.3% in the first quarter. Bank of New York Mellon Corp now owns 42,459 shares of the bank’s stock valued at $1,716,000 after buying an additional 3,608 shares during the period. Finally, US Bancorp DE raised its stake in Farmers Capital Bank Corporation by 5,419,700.0% in the first quarter. US Bancorp DE now owns 54,198 shares of the bank’s stock valued at $2,190,000 after buying an additional 54,197 shares during the period. Institutional investors and hedge funds own 51.47% of the company’s stock.

Shares of Farmers Capital Bank Corporation (NASDAQ:FFKT) opened at 37.05 on Friday. The company has a market cap of $278.36 million, a price-to-earnings ratio of 18.95 and a beta of 0.89. The stock has a 50 day moving average of $38.48 and a 200 day moving average of $39.01. Farmers Capital Bank Corporation has a 12-month low of $27.28 and a 12-month high of $44.65.

Farmers Capital Bank Corporation (NASDAQ:FFKT) last announced its quarterly earnings results on Wednesday, July 19th. The bank reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.06. The firm had revenue of $19.05 million for the quarter, compared to analysts’ expectations of $19.40 million. Farmers Capital Bank Corporation had a net margin of 17.32% and a return on equity of 8.24%. Equities research analysts predict that Farmers Capital Bank Corporation will post $2.26 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 1st will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.40 annualized dividend and a dividend yield of 1.08%. Farmers Capital Bank Corporation’s payout ratio is 20.41%.

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FFKT has been the subject of several analyst reports. ValuEngine upgraded shares of Farmers Capital Bank Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Zacks Investment Research upgraded shares of Farmers Capital Bank Corporation from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a report on Monday, April 24th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $38.33.

Farmers Capital Bank Corporation Company Profile

Farmers Capital Bank Corporation is a bank holding company headquartered in Frankfort, Kentucky. The company’s bank affiliate is United Bank. United Bank has 34 branch locations in 21 communities throughout Central and Northern Kentucky.

Institutional Ownership by Quarter for Farmers Capital Bank Corporation (NASDAQ:FFKT)

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