Farmers Capital Bank Corporation (FFKT) Increases Dividend to $0.13 Per Share
Farmers Capital Bank Corporation (NASDAQ:FFKT) declared a quarterly dividend on Tuesday, October 24th, Wall Street Journal reports. Stockholders of record on Friday, December 1st will be given a dividend of 0.125 per share by the bank on Tuesday, January 2nd. This represents a $0.50 annualized dividend and a dividend yield of 1.14%. The ex-dividend date is Thursday, November 30th. This is an increase from Farmers Capital Bank Corporation’s previous quarterly dividend of $0.10.
Shares of Farmers Capital Bank Corporation (NASDAQ:FFKT) traded down 0.45% on Tuesday, reaching $43.80. 22,840 shares of the company were exchanged. The stock has a market capitalization of $329.07 million, a PE ratio of 22.40 and a beta of 0.85. The company has a 50-day moving average price of $41.04 and a 200 day moving average price of $39.55. Farmers Capital Bank Corporation has a 1-year low of $29.65 and a 1-year high of $44.65.
Farmers Capital Bank Corporation (NASDAQ:FFKT) last issued its quarterly earnings data on Wednesday, October 18th. The bank reported $0.71 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.12. Farmers Capital Bank Corporation had a net margin of 19.59% and a return on equity of 8.77%. The company had revenue of $19.72 million during the quarter, compared to the consensus estimate of $19.42 million. On average, analysts forecast that Farmers Capital Bank Corporation will post $2.39 EPS for the current fiscal year.
FFKT has been the subject of several research analyst reports. Zacks Investment Research upgraded Farmers Capital Bank Corporation from a “hold” rating to a “strong-buy” rating and set a $50.00 target price for the company in a research note on Monday. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $40.00 target price on shares of Farmers Capital Bank Corporation in a research note on Tuesday, October 3rd. Finally, ValuEngine upgraded Farmers Capital Bank Corporation from a “hold” rating to a “buy” rating in a research note on Friday, September 1st.
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 purchased at an average cost of $36.89 per share, with a total value of $36,890.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.09% of the stock is owned by company insiders.
Farmers Capital Bank Corporation 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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