BidaskClub upgraded shares of Farmers Capital Bank (NASDAQ:FFKT) from a strong sell rating to a sell rating in a research report released on Saturday.
Separately, Zacks Investment Research lowered shares of Farmers Capital Bank from a buy rating to a hold rating in a report on Wednesday, December 20th.
Farmers Capital Bank (NASDAQ:FFKT) opened at $40.90 on Friday. Farmers Capital Bank has a 1-year low of $32.60 and a 1-year high of $44.30. The firm has a market cap of $302.22, a P/E ratio of 26.22 and a beta of 0.77. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.79 and a quick ratio of 0.79.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Thursday, March 1st will be issued a $0.125 dividend. The ex-dividend date is Wednesday, February 28th. This represents a $0.50 dividend on an annualized basis and a yield of 1.22%. Farmers Capital Bank’s payout ratio is currently 32.05%.
A number of hedge funds and other institutional investors have recently made changes to their positions in FFKT. MetLife Investment Advisors LLC purchased a new position in Farmers Capital Bank in the 4th quarter worth approximately $143,000. State Board of Administration of Florida Retirement System purchased a new stake in Farmers Capital Bank during the 3rd quarter valued at $206,000. Two Sigma Investments LP purchased a new stake in Farmers Capital Bank during the 4th quarter valued at $208,000. Ameriprise Financial Inc. purchased a new stake in Farmers Capital Bank during the 2nd quarter valued at $225,000. Finally, Chicago Equity Partners LLC purchased a new stake in Farmers Capital Bank during the 4th quarter valued at $255,000. Institutional investors own 49.75% of the company’s stock.
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Farmers Capital Bank Company Profile
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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