Smith Asset Management Group LP reduced its stake in Farmers Capital Bank Corporation (NASDAQ:FFKT) by 31.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,900 shares of the bank’s stock after selling 2,690 shares during the period. Smith Asset Management Group LP’s holdings in Farmers Capital Bank Corporation were worth $227,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. AlphaMark Advisors LLC acquired a new position in Farmers Capital Bank Corporation during the first quarter valued at $143,000. American International Group Inc. increased its position in Farmers Capital Bank Corporation by 7.1% in the first quarter. American International Group Inc. now owns 4,532 shares of the bank’s stock valued at $183,000 after buying an additional 302 shares during the last quarter. O Shaughnessy Asset Management LLC acquired a new position in Farmers Capital Bank Corporation during the first quarter valued at $214,000. Bowling Portfolio Management LLC acquired a new position in Farmers Capital Bank Corporation during the first quarter valued at $219,000. Finally, Menta Capital LLC acquired a new position in Farmers Capital Bank Corporation during the first quarter valued at $275,000. Institutional investors and hedge funds own 51.49% of the company’s stock.

Farmers Capital Bank Corporation (FFKT) opened at 37.65 on Wednesday. The firm has a 50-day moving average of $38.37 and a 200 day moving average of $39.09. The company has a market capitalization of $282.86 million, a P/E ratio of 19.26 and a beta of 0.89. Farmers Capital Bank Corporation has a 52-week low of $27.28 and a 52-week high of $44.65.

Farmers Capital Bank Corporation (NASDAQ:FFKT) last announced its quarterly earnings data on Wednesday, July 19th. The bank reported $0.60 EPS for the quarter, beating the consensus estimate of $0.54 by $0.06. Farmers Capital Bank Corporation had a net margin of 17.32% and a return on equity of 8.24%. The business had revenue of $19.05 million during the quarter, compared to analysts’ expectations of $19.40 million. Equities analysts predict that Farmers Capital Bank Corporation will post $2.26 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 1st will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.06%. The ex-dividend date of this dividend is Wednesday, August 30th. Farmers Capital Bank Corporation’s payout ratio is 20.41%.

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Several research analysts have weighed in on FFKT shares. ValuEngine upgraded shares of Farmers Capital Bank Corporation from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Zacks Investment Research upgraded shares of Farmers Capital Bank Corporation from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a research report on Monday, April 24th. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $38.33.

Farmers Capital Bank Corporation Company Profile

Farmers Capital Bank Corporation is a bank holding company headquartered in Frankfort, Kentucky. The company’s bank affiliate is United Bank. United Bank has 34 branch locations in 21 communities throughout Central and Northern Kentucky.

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Institutional Ownership by Quarter for Farmers Capital Bank Corporation (NASDAQ:FFKT)

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