Vanguard Group Inc. lifted its position in shares of Farmers Capital Bank Corporation (NASDAQ:FFKT) by 1.9% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 285,961 shares of the bank’s stock after purchasing an additional 5,269 shares during the quarter. Vanguard Group Inc. owned about 3.81% of Farmers Capital Bank worth $11,024,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. American International Group Inc. boosted its position in shares of Farmers Capital Bank by 7.1% during the first quarter. American International Group Inc. now owns 4,532 shares of the bank’s stock valued at $183,000 after purchasing an additional 302 shares in the last quarter. Ameriprise Financial Inc. bought a new stake in shares of Farmers Capital Bank during the second quarter valued at approximately $225,000. AlphaMark Advisors LLC boosted its position in shares of Farmers Capital Bank by 67.5% during the second quarter. AlphaMark Advisors LLC now owns 5,922 shares of the bank’s stock valued at $228,000 after purchasing an additional 2,387 shares in the last quarter. Rhumbline Advisers boosted its position in shares of Farmers Capital Bank by 2.6% during the second quarter. Rhumbline Advisers now owns 8,088 shares of the bank’s stock valued at $312,000 after purchasing an additional 205 shares in the last quarter. Finally, Bowling Portfolio Management LLC boosted its position in shares of Farmers Capital Bank by 108.6% during the second quarter. Bowling Portfolio Management LLC now owns 11,321 shares of the bank’s stock valued at $436,000 after purchasing an additional 5,894 shares in the last quarter. Institutional investors own 50.72% of the company’s stock.
In related news, CEO Lloyd C. Hillard, Jr. bought 1,000 shares of the company’s stock in a transaction on Friday, September 8th. The shares were acquired at an average cost of $36.89 per share, with a total value of $36,890.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 3.09% of the company’s stock.
Farmers Capital Bank Corporation (FFKT) traded down $0.30 during trading on Thursday, reaching $40.50. The company’s stock had a trading volume of 10,669 shares, compared to its average volume of 23,483. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.19. Farmers Capital Bank Corporation has a twelve month low of $34.05 and a twelve month high of $44.65. The company has a market capitalization of $306.65, a P/E ratio of 18.43 and a beta of 0.90.
Farmers Capital Bank (NASDAQ:FFKT) last released its earnings results on Wednesday, October 18th. The bank reported $0.71 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.12. Farmers Capital Bank had a return on equity of 8.66% and a net margin of 19.59%. The business had revenue of $19.72 million for the quarter, compared to the consensus estimate of $19.42 million. equities analysts expect that Farmers Capital Bank Corporation will post 2.39 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 1st will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.23%. This is an increase from Farmers Capital Bank’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Thursday, November 30th. Farmers Capital Bank’s payout ratio is 23.92%.
Several equities research analysts recently weighed in on FFKT shares. Keefe, Bruyette & Woods restated a “hold” rating and set a $40.00 price target on shares of Farmers Capital Bank in a research report on Tuesday, October 3rd. ValuEngine upgraded Farmers Capital Bank from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Finally, Zacks Investment Research upgraded Farmers Capital Bank from a “hold” rating to a “strong-buy” rating and set a $50.00 price target on the stock in a research report on Monday, October 23rd.
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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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