Shares of Farmers Capital Bank Corporation (NASDAQ:FFKT) hit a new 52-week high and low during trading on Friday . The company traded as low as $53.80 and last traded at $53.35, with a volume of 8517 shares trading hands. The stock had previously closed at $53.10.
FFKT has been the subject of a number of research analyst reports. BidaskClub lowered Farmers Capital Bank from a “sell” rating to a “strong sell” rating in a research report on Friday, January 26th. Zacks Investment Research lowered Farmers Capital Bank from a “buy” rating to a “hold” rating in a research report on Tuesday, March 13th. ValuEngine raised Farmers Capital Bank from a “hold” rating to a “buy” rating in a research report on Saturday, April 21st. Finally, Sandler O’Neill lowered Farmers Capital Bank to a “hold” rating and set a $50.00 price objective for the company. in a report on Monday, April 23rd. Three research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $49.00.
The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $399.68 million, a P/E ratio of 20.06 and a beta of 0.60.
Farmers Capital Bank (NASDAQ:FFKT) last issued its quarterly earnings data on Wednesday, April 18th. The bank reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.09. The firm had revenue of $19.66 million during the quarter, compared to analyst estimates of $19.40 million. Farmers Capital Bank had a return on equity of 10.22% and a net margin of 17.21%. equities analysts anticipate that Farmers Capital Bank Corporation will post 2.9 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 2nd. Shareholders of record on Friday, June 1st will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date is Thursday, May 31st. Farmers Capital Bank’s dividend payout ratio is currently 21.01%.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP increased its holdings in Farmers Capital Bank by 6.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 362,693 shares of the bank’s stock worth $14,490,000 after purchasing an additional 21,127 shares in the last quarter. Alpine Woods Capital Investors LLC increased its holdings in Farmers Capital Bank by 36.4% during the 1st quarter. Alpine Woods Capital Investors LLC now owns 7,500 shares of the bank’s stock worth $300,000 after purchasing an additional 2,000 shares in the last quarter. Schwab Charles Investment Management Inc. increased its holdings in Farmers Capital Bank by 19.6% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 37,346 shares of the bank’s stock worth $1,492,000 after purchasing an additional 6,110 shares in the last quarter. Monarch Partners Asset Management LLC increased its holdings in Farmers Capital Bank by 86.9% during the 1st quarter. Monarch Partners Asset Management LLC now owns 21,080 shares of the bank’s stock worth $842,000 after purchasing an additional 9,800 shares in the last quarter. Finally, MetLife Investment Advisors LLC bought a new stake in Farmers Capital Bank during the 4th quarter worth approximately $143,000. 49.05% of the stock is owned by hedge funds and other institutional investors.
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.
Receive News & Ratings for Farmers Capital Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Farmers Capital Bank and related companies with MarketBeat.com's FREE daily email newsletter.