Stock Yards Bank & Trust Co. purchased a new position in shares of Farmers Capital Bank Corporation (NASDAQ:FFKT) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 8,700 shares of the bank’s stock, valued at approximately $335,000. Stock Yards Bank & Trust Co. owned about 0.12% of Farmers Capital Bank at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in FFKT. Truepoint Inc. boosted its holdings in Farmers Capital Bank by 4,105.0% in the third quarter. Truepoint Inc. now owns 1,258,220 shares of the bank’s stock valued at $1,258,000 after purchasing an additional 1,228,298 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Farmers Capital Bank by 2.5% in the third quarter. Dimensional Fund Advisors LP now owns 329,631 shares of the bank’s stock valued at $13,861,000 after purchasing an additional 8,005 shares during the last quarter. Vanguard Group Inc. raised its stake in Farmers Capital Bank by 1.9% during the second quarter. Vanguard Group Inc. now owns 285,961 shares of the bank’s stock valued at $11,024,000 after buying an additional 5,269 shares in the last quarter. Castine Capital Management LLC raised its stake in Farmers Capital Bank by 9.7% during the third quarter. Castine Capital Management LLC now owns 138,029 shares of the bank’s stock valued at $5,804,000 after buying an additional 12,262 shares in the last quarter. Finally, State Street Corp raised its stake in Farmers Capital Bank by 20.5% during the second quarter. State Street Corp now owns 136,134 shares of the bank’s stock valued at $5,250,000 after buying an additional 23,193 shares in the last quarter. Institutional investors own 51.06% of the company’s stock.
Farmers Capital Bank Corporation (FFKT) opened at $38.90 on Friday. The stock has a market capitalization of $295.45 and a price-to-earnings ratio of 24.94. 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 one year low of $36.10 and a one year high of $44.30.
Farmers Capital Bank (NASDAQ:FFKT) last released its quarterly earnings data on Friday, January 19th. The bank reported $0.59 earnings per share for the quarter, hitting the consensus estimate of $0.59. The business had revenue of $19.46 million during the quarter, compared to analyst estimates of $19.60 million. Farmers Capital Bank had a return on equity of 9.27% and a net margin of 14.53%. equities research analysts predict that Farmers Capital Bank Corporation will post 2.74 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Thursday, March 1st will be given a $0.125 dividend. The ex-dividend date is Wednesday, February 28th. This represents a $0.50 annualized dividend and a dividend yield of 1.29%. Farmers Capital Bank’s dividend payout ratio (DPR) is presently 32.05%.
Several brokerages have issued reports on FFKT. BidaskClub cut Farmers Capital Bank from a “sell” rating to a “strong sell” rating in a research note on Wednesday, January 10th. Zacks Investment Research upgraded Farmers Capital Bank from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a research report on Wednesday, January 3rd.
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About Farmers Capital Bank
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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