Sandler O’Neill initiated coverage on shares of Farmers Capital Bank Corp. (NASDAQ:FFKT) in a research note issued on Friday. The brokerage set a “buy” rating and a $35.00 price target on the stock. Sandler O’Neill’s price objective indicates a potential upside of 11.22% from the stock’s previous close.
Separately, Zacks Investment Research raised shares of Farmers Capital Bank Corp. from a “hold” rating to a “buy” rating and set a $34.00 target price on the stock in a report on Friday, July 15th.
Shares of Farmers Capital Bank Corp. (NASDAQ:FFKT) opened at 31.47 on Friday. The firm has a market capitalization of $236.18 million, a PE ratio of 13.76 and a beta of 0.51. Farmers Capital Bank Corp. has a 12 month low of $24.65 and a 12 month high of $31.63. The stock has a 50 day moving average of $30.15 and a 200-day moving average of $28.49.
Farmers Capital Bank Corp. (NASDAQ:FFKT) last announced its earnings results on Wednesday, July 20th. The company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.04. Farmers Capital Bank Corp. had a net margin of 19.73% and a return on equity of 9.50%. On average, equities research analysts anticipate that Farmers Capital Bank Corp. will post $2.17 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Saturday, October 1st. Investors of record on Thursday, September 1st were given a $0.07 dividend. The ex-dividend date of this dividend was Tuesday, August 30th. This represents a $0.28 dividend on an annualized basis and a yield of 0.89%. Farmers Capital Bank Corp.’s dividend payout ratio (DPR) is 12.28%.
In other news, Director John C. Roach acquired 1,000 shares of the stock in a transaction that occurred on Thursday, August 18th. The shares were purchased at an average cost of $29.00 per share, for a total transaction of $29,000.00. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.10% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of the stock. Acrospire Investment Management LLC purchased a new position in Farmers Capital Bank Corp. during the first quarter worth $110,000. BlackRock Advisors LLC raised its stake in shares of Farmers Capital Bank Corp. by 1.2% in the second quarter. BlackRock Advisors LLC now owns 4,174 shares of the company’s stock valued at $114,000 after buying an additional 50 shares during the last quarter. Analytic Investors LLC bought a new stake in shares of Farmers Capital Bank Corp. during the second quarter valued at approximately $253,000. Teachers Advisors Inc. raised its stake in shares of Farmers Capital Bank Corp. by 2.2% in the second quarter. Teachers Advisors Inc. now owns 10,695 shares of the company’s stock valued at $293,000 after buying an additional 235 shares during the last quarter. Finally, Chicago Equity Partners LLC bought a new stake in shares of Farmers Capital Bank Corp. during the second quarter valued at approximately $299,000. Hedge funds and other institutional investors own 46.91% of the company’s stock.
About Farmers Capital Bank Corp.
Farmers Capital Bank Corporation is a bank holding company. The Company provides a range of banking and bank-related services to customers throughout Central and Northern Kentucky. The Company’s bank subsidiaries include Farmers Bank & Capital Trust Company, United Bank & Trust Company, First Citizens Bank and Citizens Bank of Northern Kentucky, Inc The Company also owns FCB Services, Inc, a data processing subsidiary, and FFKT Insurance Services, Inc, a captive property and casualty insurance company.
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