Farmers Capital Bank (FFKT) Upgraded by BidaskClub to “Sell”

Farmers Capital Bank (NASDAQ:FFKT) was upgraded by investment analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a note issued to investors on Friday.

A number of other brokerages also recently issued reports on FFKT. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $40.00 target price on shares of Farmers Capital Bank in a research note on Tuesday, October 3rd. Zacks Investment Research raised Farmers Capital Bank from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a research note on Wednesday, January 3rd.

Shares of Farmers Capital Bank (FFKT) traded up $0.60 on Friday, hitting $40.55. The company’s stock had a trading volume of 80,648 shares, compared to its average volume of 17,535. Farmers Capital Bank has a twelve month low of $34.05 and a twelve month high of $44.30. The firm has a market cap of $304.77, a P/E ratio of 17.04 and a beta of 0.91. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.19.

Farmers Capital Bank (NASDAQ:FFKT) last issued its earnings results on Friday, January 19th. The bank reported $0.59 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.59. Farmers Capital Bank had a return on equity of 9.27% and a net margin of 14.53%. The business had revenue of $19.46 million during the quarter, compared to the consensus estimate of $19.60 million. equities analysts expect that Farmers Capital Bank will post 2.74 EPS for the current year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FFKT. Truepoint Inc. grew its holdings in shares of Farmers Capital Bank by 4,105.0% during the 3rd quarter. Truepoint Inc. now owns 1,258,220 shares of the bank’s stock worth $1,258,000 after purchasing an additional 1,228,298 shares during the period. State Street Corp grew its holdings in shares of Farmers Capital Bank by 20.5% during the 2nd quarter. State Street Corp now owns 136,134 shares of the bank’s stock worth $5,250,000 after purchasing an additional 23,193 shares during the period. Goldman Sachs Group Inc. purchased a new position in shares of Farmers Capital Bank during the 2nd quarter worth $801,000. Castine Capital Management LLC grew its holdings in shares of Farmers Capital Bank by 9.7% during the 3rd quarter. Castine Capital Management LLC now owns 138,029 shares of the bank’s stock worth $5,804,000 after purchasing an additional 12,262 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Farmers Capital Bank by 3.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 321,626 shares of the bank’s stock worth $12,399,000 after purchasing an additional 10,264 shares during the period. Institutional investors and hedge funds own 50.72% of the company’s stock.

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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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