Farmers Capital Bank Corporation (NASDAQ:FFKT) shares hit a new 52-week high and low during mid-day trading on Friday . The stock traded as low as $49.25 and last traded at $48.95, with a volume of 244470 shares trading hands. The stock had previously closed at $42.25.
Several research analysts recently issued reports on FFKT shares. BidaskClub raised Farmers Capital Bank from a “strong sell” rating to a “sell” rating in a research report on Saturday, February 10th. Zacks Investment Research raised Farmers Capital Bank from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a research report on Wednesday, January 3rd.
The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.19. The firm has a market cap of $314.62, a price-to-earnings ratio of 20.48 and a beta of 0.63.
Farmers Capital Bank (NASDAQ:FFKT) last announced its quarterly earnings data on Wednesday, April 18th. The bank reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.09. The business had revenue of $19.66 million for the quarter, compared to analyst estimates of $19.40 million. Farmers Capital Bank had a return on equity of 9.26% and a net margin of 14.53%. research analysts anticipate that Farmers Capital Bank Corporation will post 2.74 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, April 2nd. Stockholders of record on Thursday, March 1st were issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date was Wednesday, February 28th. Farmers Capital Bank’s dividend payout ratio is presently 21.01%.
Hedge funds have recently made changes to their positions in the company. Martingale Asset Management L P acquired a new position in shares of Farmers Capital Bank in the fourth quarter valued at about $413,000. Kennedy Capital Management Inc. increased its holdings in shares of Farmers Capital Bank by 4.2% in the fourth quarter. Kennedy Capital Management Inc. now owns 95,433 shares of the bank’s stock valued at $3,674,000 after purchasing an additional 3,844 shares during the period. Stock Yards Bank & Trust Co. acquired a new position in shares of Farmers Capital Bank in the fourth quarter valued at about $335,000. California Public Employees Retirement System increased its holdings in shares of Farmers Capital Bank by 12.0% in the third quarter. California Public Employees Retirement System now owns 29,585 shares of the bank’s stock valued at $1,244,000 after purchasing an additional 3,161 shares during the period. Finally, Independence Bank of Kentucky acquired a new position in shares of Farmers Capital Bank in the fourth quarter valued at about $373,000. 49.75% of the stock is currently owned by institutional investors and hedge funds.
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About Farmers Capital Bank
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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