Farmers Capital Bank (NASDAQ:FFKT) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued on Tuesday.

Several other equities research analysts have also commented on the company. Zacks Investment Research upgraded Farmers Capital Bank from a “hold” rating to a “strong-buy” rating and set a $50.00 target price on the stock in a research report on Monday, October 23rd. Keefe, Bruyette & Woods restated a “hold” rating and set a $40.00 target price on shares of Farmers Capital Bank in a research report on Tuesday, October 3rd. Finally, ValuEngine raised Farmers Capital Bank from a “hold” rating to a “buy” rating in a research note on Friday, September 1st.

Shares of Farmers Capital Bank (FFKT) traded up $0.80 during trading on Tuesday, hitting $40.65. The company had a trading volume of 21,800 shares, compared to its average volume of 23,284. Farmers Capital Bank has a 52 week low of $34.05 and a 52 week high of $44.65. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.19. The company has a market cap of $299.51, a price-to-earnings ratio of 18.11 and a beta of 0.90.

Farmers Capital Bank (NASDAQ:FFKT) last announced its earnings results on Wednesday, October 18th. The bank reported $0.71 EPS for the quarter, beating the consensus estimate of $0.59 by $0.12. Farmers Capital Bank had a return on equity of 8.66% and a net margin of 19.59%. The company had revenue of $19.72 million for the quarter, compared to analyst estimates of $19.42 million. analysts predict that Farmers Capital Bank will post 2.39 earnings per share for the current fiscal year.

A number of hedge funds have recently bought and sold shares of the stock. GSA Capital Partners LLP acquired a new position in Farmers Capital Bank during the 3rd quarter worth approximately $365,000. Truepoint Inc. raised its stake in Farmers Capital Bank by 4,105.0% during the 3rd quarter. Truepoint Inc. now owns 1,258,220 shares of the bank’s stock worth $1,258,000 after buying an additional 1,228,298 shares during the period. California Public Employees Retirement System raised its stake in Farmers Capital Bank by 12.0% during the 3rd quarter. California Public Employees Retirement System now owns 29,585 shares of the bank’s stock worth $1,244,000 after buying an additional 3,161 shares during the period. Castine Capital Management LLC raised its stake in Farmers Capital Bank by 9.7% during the 3rd quarter. Castine Capital Management LLC now owns 138,029 shares of the bank’s stock worth $5,804,000 after buying an additional 12,262 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in Farmers Capital Bank by 2.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 329,631 shares of the bank’s stock worth $13,861,000 after buying an additional 8,005 shares during the period. 50.72% of the stock is currently owned by institutional investors and hedge funds.

TRADEMARK VIOLATION WARNING: This piece of content was first posted by Watch List News and is owned by of Watch List News. If you are accessing this piece of content on another site, it was illegally copied and reposted in violation of U.S. and international trademark and copyright legislation. The correct version of this piece of content can be accessed at https://www.watchlistnews.com/farmers-capital-bank-ffkt-rating-lowered-to-sell-at-bidaskclub/1763683.html.

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.

Receive News & Ratings for Farmers Capital Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Farmers Capital Bank and related companies with Analyst Ratings Network's FREE daily email newsletter.