Farmers Capital Bank (NASDAQ:FFKT) Stock Rating Lowered by Zacks Investment Research

Farmers Capital Bank (NASDAQ:FFKT) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday, December 20th.

According to Zacks, “FARMERS CAPITAL BANK CORP. is a bank holding company engaged in general banking business. “

A number of other research analysts also recently issued reports on FFKT. ValuEngine raised Farmers Capital Bank from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $40.00 price target on shares of Farmers Capital Bank in a report on Tuesday, October 3rd. Finally, BidaskClub downgraded Farmers Capital Bank from a “hold” rating to a “sell” rating in a report on Tuesday, December 12th.

Shares of Farmers Capital Bank (NASDAQ FFKT) traded up $0.80 during trading hours on Wednesday, hitting $40.05. The stock had a trading volume of 13,695 shares, compared to its average volume of 15,583. The company has a market capitalization of $301.01, a P/E ratio of 19.16 and a beta of 0.91. 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 1 year low of $34.05 and a 1 year high of $44.30.

Farmers Capital Bank (NASDAQ:FFKT) last announced its quarterly earnings results on Wednesday, October 18th. The bank reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.12. The firm had revenue of $19.72 million for the quarter, compared to the consensus estimate of $19.42 million. Farmers Capital Bank had a return on equity of 8.66% and a net margin of 19.59%. sell-side analysts expect that Farmers Capital Bank will post 2.39 EPS for the current year.

Hedge funds have recently bought and sold shares of the business. State Board of Administration of Florida Retirement System bought a new position in Farmers Capital Bank in the third quarter valued at about $206,000. Ameriprise Financial Inc. bought a new position in Farmers Capital Bank in the second quarter valued at about $225,000. AlphaMark Advisors LLC lifted its holdings in Farmers Capital Bank by 67.5% in the second quarter. AlphaMark Advisors LLC now owns 5,922 shares of the bank’s stock valued at $228,000 after acquiring an additional 2,387 shares during the period. Rhumbline Advisers lifted its holdings in Farmers Capital Bank by 2.6% in the second quarter. Rhumbline Advisers now owns 8,088 shares of the bank’s stock valued at $312,000 after acquiring an additional 205 shares during the period. Finally, GSA Capital Partners LLP bought a new position in Farmers Capital Bank in the third quarter valued at about $365,000. 50.72% 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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