Zacks Investment Research lowered shares of Farmers Capital Bank (NASDAQ:FFKT) from a buy rating to a hold rating in a report issued on Tuesday.
According to Zacks, “FARMERS CAPITAL BANK CORP. is a bank holding company engaged in general banking business. “
Separately, BidaskClub upgraded Farmers Capital Bank from a strong sell rating to a sell rating in a research report on Saturday, February 10th.
Shares of Farmers Capital Bank (NASDAQ FFKT) opened at $40.80 on Tuesday. 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 has a 12-month low of $32.60 and a 12-month high of $44.30. The company has a market capitalization of $302.22, a P/E ratio of 26.15 and a beta of 0.77.
Farmers Capital Bank (NASDAQ:FFKT) last issued its quarterly earnings results on Friday, January 19th. The bank reported $0.59 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.59. Farmers Capital Bank had a return on equity of 9.27% and a net margin of 14.53%. The firm had revenue of $19.46 million during the quarter, compared to analysts’ expectations of $19.60 million. analysts predict that Farmers Capital Bank will post 2.74 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Thursday, March 1st will be paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date of this dividend is Wednesday, February 28th. Farmers Capital Bank’s dividend payout ratio (DPR) is currently 32.05%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FFKT. TIAA CREF Investment Management LLC boosted its stake in Farmers Capital Bank by 2.4% during the second quarter. TIAA CREF Investment Management LLC now owns 20,318 shares of the bank’s stock worth $783,000 after buying an additional 474 shares during the last quarter. Ameriprise Financial Inc. acquired a new position in Farmers Capital Bank during the second quarter worth $225,000. Northern Trust Corp boosted its stake in Farmers Capital Bank by 1.6% during the second 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 during the last quarter. Vanguard Group Inc. boosted 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 worth $11,024,000 after buying an additional 5,269 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Farmers Capital Bank by 3.3% during the second 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 during the last quarter. 49.75% of the stock is currently owned by institutional investors.
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Farmers Capital Bank Company 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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