Zacks Investment Research cut shares of Farmers Capital Bank Corporation (NASDAQ:FFKT) from a strong-buy rating to a hold rating in a research report report published on Wednesday.
According to Zacks, “FARMERS CAPITAL BANK CORP. is a bank holding company engaged in general banking business. “
Separately, ValuEngine raised shares of Farmers Capital Bank Corporation from a hold rating to a buy rating in a research report on Friday, June 2nd. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of Buy and a consensus target price of $38.33.
Farmers Capital Bank Corporation (FFKT) opened at 40.40 on Wednesday. The firm has a market capitalization of $303.53 million, a P/E ratio of 20.66 and a beta of 0.86. The company’s 50-day moving average is $37.66 and its 200-day moving average is $38.90. Farmers Capital Bank Corporation has a 52-week low of $29.24 and a 52-week high of $44.65.
Farmers Capital Bank Corporation (NASDAQ:FFKT) last issued its quarterly earnings data on Wednesday, July 19th. The bank reported $0.60 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.06. Farmers Capital Bank Corporation had a net margin of 17.32% and a return on equity of 8.24%. The company had revenue of $19.05 million for the quarter, compared to the consensus estimate of $19.40 million. On average, analysts predict that Farmers Capital Bank Corporation will post $2.26 EPS for the current year.
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The company also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 1st will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.99%. The ex-dividend date is Wednesday, August 30th. Farmers Capital Bank Corporation’s dividend payout ratio (DPR) is presently 20.41%.
In other news, CEO Lloyd C. Hillard, Jr. bought 1,000 shares of Farmers Capital Bank Corporation stock in a transaction dated Friday, September 8th. The stock was bought at an average price of $36.89 per share, for a total transaction of $36,890.00. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 3.09% of the stock is currently owned by company insiders.
Several hedge funds have recently added to or reduced their stakes in FFKT. Wellington Management Group LLP lifted its stake in shares of Farmers Capital Bank Corporation by 159.9% in the 1st quarter. Wellington Management Group LLP now owns 335,058 shares of the bank’s stock worth $13,536,000 after acquiring an additional 206,144 shares during the period. Kennedy Capital Management Inc. acquired a new stake in shares of Farmers Capital Bank Corporation in the first quarter valued at about $2,203,000. Vanguard Group Inc. lifted its stake in shares of Farmers Capital Bank Corporation by 24.0% in the first quarter. Vanguard Group Inc. now owns 280,692 shares of the bank’s stock valued at $11,340,000 after purchasing an additional 54,374 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Farmers Capital Bank Corporation by 16.4% in the first quarter. Dimensional Fund Advisors LP now owns 311,362 shares of the bank’s stock valued at $12,579,000 after purchasing an additional 43,912 shares during the period. Finally, State Street Corp lifted its stake in shares of Farmers Capital Bank Corporation by 20.5% in the second quarter. State Street Corp now owns 136,134 shares of the bank’s stock valued at $5,250,000 after purchasing an additional 23,193 shares during the period. Institutional investors own 51.55% of the company’s stock.
About Farmers Capital Bank Corporation
Farmers Capital Bank Corporation is a bank holding company. The Company provides a range of banking and bank-related services to customers throughout Central and Northern Kentucky. Its bank subsidiaries include Farmers Bank & Capital Trust Company (Farmers Bank), United Bank & Trust Company (United Bank), First Citizens Bank (First Citizens) and Citizens Bank of Northern Kentucky, Inc (Citizens Northern).
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