Farmers Capital Bank Corporation (NASDAQ:FFKT) Posts Quarterly Earnings Results
Farmers Capital Bank Corporation (NASDAQ:FFKT) released its quarterly earnings data on Wednesday. The bank reported $0.60 EPS for the quarter, beating the consensus estimate of $0.54 by $0.06, MarketWatch Earnings reports. Farmers Capital Bank Corporation had a net margin of 16.12% and a return on equity of 7.79%. The business had revenue of $19.05 million during the quarter, compared to the consensus estimate of $19.40 million.
Shares of Farmers Capital Bank Corporation (FFKT) traded up 1.30% on Friday, hitting $38.90. 8,224 shares of the company were exchanged. Farmers Capital Bank Corporation has a 52-week low of $27.28 and a 52-week high of $44.65. The stock has a market capitalization of $292.22 million, a PE ratio of 21.23 and a beta of 0.91. The firm’s 50-day moving average is $39.20 and its 200-day moving average is $39.33.
The firm also recently declared a quarterly dividend, which was paid on Monday, July 3rd. Investors of record on Thursday, June 1st were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date was Tuesday, May 30th. Farmers Capital Bank Corporation’s payout ratio is 21.86%.
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Several research analysts have commented on the stock. Zacks Investment Research downgraded shares of Farmers Capital Bank Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, June 20th. ValuEngine raised shares of Farmers Capital Bank Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Keefe, Bruyette & Woods reissued a “hold” rating and set a $36.00 price objective on shares of Farmers Capital Bank Corporation in a report on Wednesday, April 5th. Finally, BidaskClub downgraded shares of Farmers Capital Bank Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $38.67.
Farmers Capital Bank Corporation Company Profile
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. Its bank subsidiaries include Farmers Bank & Capital Trust Company (Farmers Bank), United Bank & Trust Company (United Bank), First Citizens Bank (First Citizens) and Citizens Bank of Northern Kentucky, Inc (Citizens Northern).
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