Kennedy Capital Management Inc. raised its holdings in shares of Farmers Capital Bank Corporation (NASDAQ:FFKT) by 4.2% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 95,433 shares of the bank’s stock after purchasing an additional 3,844 shares during the quarter. Kennedy Capital Management Inc.’s holdings in Farmers Capital Bank were worth $3,674,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of FFKT. TIAA CREF Investment Management LLC boosted its stake in Farmers Capital Bank by 2.4% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 20,318 shares of the bank’s stock worth $783,000 after purchasing an additional 474 shares during the period. Ameriprise Financial Inc. purchased a new stake in Farmers Capital Bank in the 2nd quarter worth approximately $225,000. Northern Trust Corp lifted its position in Farmers Capital Bank by 1.6% in the 2nd quarter. Northern Trust Corp now owns 93,542 shares of the bank’s stock worth $3,606,000 after buying an additional 1,465 shares in the last quarter. Vanguard Group Inc. lifted its position in Farmers Capital Bank by 1.9% in the 2nd quarter. Vanguard Group Inc. now owns 285,961 shares of the bank’s stock worth $11,024,000 after buying an additional 5,269 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Farmers Capital Bank by 3.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 321,626 shares of the bank’s stock worth $12,399,000 after buying an additional 10,264 shares in the last quarter. 49.75% of the stock is owned by hedge funds and other institutional investors.
Farmers Capital Bank Corporation (NASDAQ:FFKT) opened at $40.90 on Tuesday. The firm has a market cap of $302.22, a price-to-earnings ratio of 16.89 and a beta of 0.77. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.79 and a current ratio of 0.79. Farmers Capital Bank Corporation has a twelve month low of $32.60 and a twelve month high of $44.30.
The company also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Thursday, March 1st will be paid a $0.125 dividend. The ex-dividend date is Wednesday, February 28th. This represents a $0.50 dividend on an annualized basis and a yield of 1.22%. Farmers Capital Bank’s payout ratio is presently 32.05%.
FFKT has been the topic of a number of recent research reports. BidaskClub downgraded shares of Farmers Capital Bank from a “hold” rating to a “sell” rating in a report on Tuesday, December 12th. Zacks Investment Research upgraded shares of Farmers Capital Bank from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a report on Wednesday, January 3rd.
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Farmers Capital Bank Profile
Farmers Capital Bank Corporation is a bank holding company headquartered in Frankfort, Kentucky. Their bank affiliate United Bank & Capital Trust Company operates 34 banking locations in 21 communities throughout Central and Northern Kentucky.
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