Farmers Capital Bank Corporation (FFKT) Announces Quarterly Earnings Results
Farmers Capital Bank Corporation (NASDAQ:FFKT) posted its earnings results on Wednesday. The bank reported $0.71 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.12, MarketWatch Earnings reports. Farmers Capital Bank Corporation had a return on equity of 8.24% and a net margin of 17.32%.
Farmers Capital Bank Corporation (FFKT) traded up 1.17% during trading on Thursday, hitting $43.10. The stock had a trading volume of 13,450 shares. Farmers Capital Bank Corporation has a 12-month low of $29.65 and a 12-month high of $44.65. The stock has a 50 day moving average price of $40.69 and a 200 day moving average price of $39.48. The company has a market capitalization of $323.81 million, a price-to-earnings ratio of 22.05 and a beta of 0.85.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Stockholders of record on Friday, September 1st were paid a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.93%. Farmers Capital Bank Corporation’s payout ratio is presently 20.41%.
Several equities analysts have weighed in on FFKT shares. Zacks Investment Research upgraded Farmers Capital Bank Corporation from a “hold” rating to a “strong-buy” rating and set a $44.00 target price on the stock in a report on Tuesday, July 25th. Keefe, Bruyette & Woods restated a “hold” rating and set a $40.00 target price on shares of Farmers Capital Bank Corporation in a report on Tuesday, October 3rd. Finally, ValuEngine upgraded Farmers Capital Bank Corporation from a “hold” rating to a “buy” rating in a report on Friday, September 1st.
In other news, CEO Lloyd C. Hillard, Jr. bought 1,000 shares of the company’s stock in a transaction dated Friday, September 8th. The shares were bought at an average cost of $36.89 per share, with a total value of $36,890.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 3.09% of the stock is currently owned by corporate insiders.
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About Farmers Capital Bank Corporation
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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