California Public Employees Retirement System boosted its position in Farmers Capital Bank Corporation (NASDAQ:FFKT) by 9.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,424 shares of the bank’s stock after buying an additional 2,300 shares during the quarter. California Public Employees Retirement System owned 0.35% of Farmers Capital Bank Corporation worth $1,019,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in Farmers Capital Bank Corporation by 1.9% in the 2nd quarter. Vanguard Group Inc. now owns 285,961 shares of the bank’s stock worth $11,024,000 after buying an additional 5,269 shares in the last quarter. Northern Trust Corp lifted its holdings in Farmers Capital Bank Corporation by 1.6% in the 2nd quarter. Northern Trust Corp now owns 93,542 shares of the bank’s stock worth $3,606,000 after buying an additional 1,465 shares in the last quarter. Ameriprise Financial Inc. acquired a new position in Farmers Capital Bank Corporation in the 2nd quarter worth $225,000. TIAA CREF Investment Management LLC lifted its holdings in Farmers Capital Bank Corporation by 2.4% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 20,318 shares of the bank’s stock worth $783,000 after buying an additional 474 shares in the last quarter. Finally, Teachers Advisors LLC lifted its holdings in Farmers Capital Bank Corporation by 15.2% in the 2nd quarter. Teachers Advisors LLC now owns 13,186 shares of the bank’s stock worth $508,000 after buying an additional 1,737 shares in the last quarter. Hedge funds and other institutional investors own 51.64% of the company’s stock.
Shares of Farmers Capital Bank Corporation (NASDAQ:FFKT) opened at $39.15 on Friday. The firm has a market cap of $294.24, a PE ratio of 17.80 and a beta of 0.93. Farmers Capital Bank Corporation has a 1 year low of $29.65 and a 1 year high of $44.65. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.79 and a quick ratio of 0.78.
Farmers Capital Bank Corporation (NASDAQ:FFKT) last released its earnings results on Wednesday, October 18th. The bank reported $0.71 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.12. The company had revenue of $19.72 million during the quarter, compared to the consensus estimate of $19.42 million. Farmers Capital Bank Corporation had a net margin of 19.59% and a return on equity of 8.66%. equities research analysts forecast that Farmers Capital Bank Corporation will post 2.39 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Friday, December 1st will be given a $0.125 dividend. The ex-dividend date is Thursday, November 30th. This represents a $0.50 annualized dividend and a dividend yield of 1.28%. This is an increase from Farmers Capital Bank Corporation’s previous quarterly dividend of $0.10. Farmers Capital Bank Corporation’s payout ratio is presently 19.14%.
A number of equities analysts have commented on the stock. Zacks Investment Research upgraded shares of Farmers Capital Bank Corporation from a “hold” rating to a “strong-buy” rating and set a $50.00 price objective on the stock in a report on Monday, October 23rd. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $40.00 price objective on shares of Farmers Capital Bank Corporation in a report on Tuesday, October 3rd. Finally, ValuEngine upgraded shares of Farmers Capital Bank Corporation from a “hold” rating to a “buy” rating in a report on Friday, September 1st.
In related news, CEO Lloyd C. Hillard, Jr. bought 1,000 shares of the company’s stock in a transaction dated Friday, September 8th. The stock was bought at an average price of $36.89 per share, with a total value of $36,890.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 3.09% of the stock is currently owned by insiders.
About Farmers Capital Bank Corporation
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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