Zacks: Farmers Capital Bank Corp. (FFKT) Receives Consensus Rating of “Buy” from Analysts
Farmers Capital Bank Corp. (NASDAQ:FFKT) has been assigned an average broker rating score of 2.00 (Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating and one has given a strong buy rating to the company. Farmers Capital Bank Corp.’s rating score has improved by 33.3% from 90 days ago as a result of a number of analysts’ upgrades and downgrades.
Zacks has also given Farmers Capital Bank Corp. an industry rank of 109 out of 265 based on the ratings given to related companies.
FFKT has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of Farmers Capital Bank Corp. from a “hold” rating to a “buy” rating and set a $34.00 price objective for the company in a report on Friday, July 15th. Sandler O’Neill initiated coverage on shares of Farmers Capital Bank Corp. in a report on Friday. They set a “buy” rating and a $35.00 price objective for the company.
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Farmers Capital Bank Corp. (NASDAQ:FFKT) traded up 0.57% on Tuesday, hitting $31.65. 10,742 shares of the stock were exchanged. The stock has a market capitalization of $237.53 million, a P/E ratio of 13.84 and a beta of 0.51. Farmers Capital Bank Corp. has a one year low of $24.65 and a one year high of $31.85. The company has a 50 day moving average of $30.15 and a 200 day moving average of $28.49.
Farmers Capital Bank Corp. (NASDAQ:FFKT) last issued its quarterly earnings data on Wednesday, July 20th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.04. Farmers Capital Bank Corp. had a net margin of 19.73% and a return on equity of 9.50%. On average, equities research analysts forecast that Farmers Capital Bank Corp. will post $2.17 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Saturday, October 1st. Stockholders of record on Thursday, September 1st were issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 0.89%. The ex-dividend date was Tuesday, August 30th. Farmers Capital Bank Corp.’s dividend payout ratio (DPR) is presently 12.28%.
In related news, Director John C. Roach purchased 1,000 shares of Farmers Capital Bank Corp. stock in a transaction dated Thursday, August 18th. The stock was bought at an average price of $29.00 per share, for a total transaction of $29,000.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.10% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Institutional Trust Company N.A. boosted its position in Farmers Capital Bank Corp. by 1.5% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 252,413 shares of the company’s stock valued at $6,903,000 after buying an additional 3,762 shares during the period. Brown Advisory Inc. boosted its position in Farmers Capital Bank Corp. by 9.3% in the second quarter. Brown Advisory Inc. now owns 249,920 shares of the company’s stock valued at $6,835,000 after buying an additional 21,216 shares during the period. Dimensional Fund Advisors LP boosted its position in Farmers Capital Bank Corp. by 0.9% in the second quarter. Dimensional Fund Advisors LP now owns 234,674 shares of the company’s stock valued at $6,418,000 after buying an additional 2,144 shares during the period. Vanguard Group Inc. boosted its position in Farmers Capital Bank Corp. by 3.1% in the second quarter. Vanguard Group Inc. now owns 214,543 shares of the company’s stock valued at $5,867,000 after buying an additional 6,413 shares during the period. Finally, BlackRock Fund Advisors boosted its position in Farmers Capital Bank Corp. by 0.7% in the second quarter. BlackRock Fund Advisors now owns 194,933 shares of the company’s stock valued at $5,331,000 after buying an additional 1,358 shares during the period. Institutional investors own 46.91% of the company’s stock.
About Farmers Capital Bank Corp.
Farmers Capital Bank Corporation is a bank holding company. The Company provides a range of banking and bank-related services to customers throughout Central and Northern Kentucky. The Company’s bank subsidiaries include Farmers Bank & Capital Trust Company, United Bank & Trust Company, First Citizens Bank and Citizens Bank of Northern Kentucky, Inc The Company also owns FCB Services, Inc, a data processing subsidiary, and FFKT Insurance Services, Inc, a captive property and casualty insurance company.
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