Farmers Capital Bank (FFKT) Raised to Sell at BidaskClub

Farmers Capital Bank (NASDAQ:FFKT) was upgraded by BidaskClub from a “strong sell” rating to a “sell” rating in a report released on Saturday.

Separately, Zacks Investment Research raised shares of Farmers Capital Bank from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a research report on Wednesday, January 3rd.

Shares of Farmers Capital Bank (NASDAQ FFKT) traded up $1.40 during trading hours on Friday, hitting $38.20. 17,747 shares of the stock were exchanged, compared to its average volume of 29,623. The company has a market cap of $276.65, a price-to-earnings ratio of 24.49 and a beta of 0.71. Farmers Capital Bank has a 1 year low of $36.05 and a 1 year high of $44.30. 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 released its earnings results on Friday, January 19th. The bank reported $0.59 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.59. The company had revenue of $19.46 million for the quarter, compared to analyst estimates of $19.60 million. Farmers Capital Bank had a net margin of 14.53% and a return on equity of 9.27%. research analysts forecast that Farmers Capital Bank will post 2.74 earnings per share for the current fiscal year.

A number of large investors have recently modified their holdings of the business. Truepoint Inc. lifted its holdings in Farmers Capital Bank by 4,105.0% during the third quarter. Truepoint Inc. now owns 1,258,220 shares of the bank’s stock valued at $1,258,000 after purchasing an additional 1,228,298 shares in the last quarter. BlackRock Inc. raised its stake in Farmers Capital Bank by 0.6% during the fourth quarter. BlackRock Inc. now owns 550,275 shares of the bank’s stock valued at $21,186,000 after purchasing an additional 3,460 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Farmers Capital Bank by 2.5% during the third quarter. Dimensional Fund Advisors LP now owns 329,631 shares of the bank’s stock valued at $13,861,000 after purchasing an additional 8,005 shares in the last quarter. Vanguard Group Inc. raised its stake in Farmers Capital Bank by 1.9% during the second quarter. Vanguard Group Inc. now owns 285,961 shares of the bank’s stock valued at $11,024,000 after purchasing an additional 5,269 shares in the last quarter. Finally, Castine Capital Management LLC raised its stake in Farmers Capital Bank by 9.7% during the third quarter. Castine Capital Management LLC now owns 138,029 shares of the bank’s stock valued at $5,804,000 after purchasing an additional 12,262 shares in the last quarter. 51.06% of the stock is currently owned by institutional investors and hedge funds.

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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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