Clover Partners L.P. trimmed its holdings in shares of Farmers Capital Bank Corporation (NASDAQ:FFKT) by 62.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,697 shares of the bank’s stock after selling 95,803 shares during the period. Farmers Capital Bank comprises approximately 2.1% of Clover Partners L.P.’s holdings, making the stock its 19th biggest holding. Clover Partners L.P. owned 0.75% of Farmers Capital Bank worth $2,183,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. State Board of Administration of Florida Retirement System purchased a new position in shares of Farmers Capital Bank during the 3rd quarter worth approximately $206,000. Two Sigma Investments LP purchased a new stake in Farmers Capital Bank in the 4th quarter worth approximately $208,000. Ameriprise Financial Inc. purchased a new stake in Farmers Capital Bank in the 2nd quarter worth approximately $225,000. Chicago Equity Partners LLC purchased a new stake in Farmers Capital Bank in the 4th quarter worth approximately $255,000. Finally, Acadian Asset Management LLC grew its stake in Farmers Capital Bank by 75.7% in the 4th quarter. Acadian Asset Management LLC now owns 8,382 shares of the bank’s stock worth $322,000 after acquiring an additional 3,612 shares during the period. 49.75% of the stock is owned by institutional investors and hedge funds.
FFKT has been the subject of several recent analyst reports. BidaskClub cut shares of Farmers Capital Bank from a “hold” rating to a “sell” rating in a research note on Tuesday, December 12th. Zacks Investment Research raised shares of 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.
Farmers Capital Bank (NASDAQ:FFKT) last released its earnings results on Friday, January 19th. The bank reported $0.59 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.59. The firm had revenue of $19.46 million during the quarter, compared to analysts’ expectations of $19.60 million. Farmers Capital Bank had a net margin of 14.53% and a return on equity of 9.27%. equities analysts anticipate that Farmers Capital Bank Corporation will post 2.74 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Thursday, March 1st will be issued a $0.125 dividend. The ex-dividend date is Wednesday, February 28th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.23%. Farmers Capital Bank’s dividend payout ratio (DPR) is presently 32.05%.
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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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