Farmers Capital Bank (FFKT) Rating Lowered to Sell at BidaskClub
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.
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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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