Farmers Capital Bank Corp. (NASDAQ:FFKT) announced its quarterly earnings data on Wednesday. The company reported $0.41 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by $0.06. Farmers Capital Bank Corp. had a return on equity of 9.57% and a net margin of 19.28%.
Farmers Capital Bank Corp. (NASDAQ:FFKT) opened at 39.95 on Thursday. The firm has a market capitalization of $299.90 million, a P/E ratio of 16.99 and a beta of 0.72. Farmers Capital Bank Corp. has a 52-week low of $24.65 and a 52-week high of $44.65. The firm’s 50-day moving average is $40.41 and its 200 day moving average is $33.03.
The firm also recently announced a quarterly dividend, which was paid on Sunday, January 1st. Shareholders of record on Thursday, December 1st were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.00%. This is an increase from Farmers Capital Bank Corp.’s previous quarterly dividend of $0.07. The ex-dividend date was Tuesday, November 29th. Farmers Capital Bank Corp.’s dividend payout ratio is presently 17.02%.
FFKT has been the subject of several recent research reports. TheStreet upgraded Farmers Capital Bank Corp. from a “hold” rating to a “buy” rating in a report on Monday, December 5th. Sandler O’Neill initiated coverage on Farmers Capital Bank Corp. in a report on Friday, October 7th. They set a “buy” rating and a $35.00 price objective for the company.
A number of hedge funds have recently added to or reduced their stakes in the company. Bridgeway Capital Management Inc. raised its position in shares of Farmers Capital Bank Corp. by 14.8% in the second quarter. Bridgeway Capital Management Inc. now owns 130,749 shares of the company’s stock valued at $3,576,000 after buying an additional 16,900 shares during the period. BlackRock Fund Advisors raised its position in shares of Farmers Capital Bank Corp. by 5.4% in the third quarter. BlackRock Fund Advisors now owns 205,517 shares of the company’s stock valued at $6,092,000 after buying an additional 10,584 shares during the period. Analytic Investors LLC purchased a new position in shares of Farmers Capital Bank Corp. during the second quarter valued at about $253,000. Vanguard Group Inc. raised its position in shares of Farmers Capital Bank Corp. by 3.1% in the second quarter. Vanguard Group Inc. now owns 214,543 shares of the company’s stock valued at $5,867,000 after buying an additional 6,413 shares during the period. Finally, The Manufacturers Life Insurance Company purchased a new position in shares of Farmers Capital Bank Corp. during the third quarter valued at about $177,000. 46.34% of the stock is owned by hedge funds and other institutional investors.
Farmers Capital Bank Corp. Company Profile
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.