State Board of Administration of Florida Retirement System purchased a new stake in Farmers Capital Bank Corporation (NASDAQ:FFKT) during the 2nd quarter, HoldingsChannel reports. The fund purchased 5,489 shares of the bank’s stock, valued at approximately $286,000.
A number of other institutional investors also recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP raised its holdings in Farmers Capital Bank by 6.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 362,693 shares of the bank’s stock valued at $14,490,000 after acquiring an additional 21,127 shares during the period. Schwab Charles Investment Management Inc. raised its holdings in Farmers Capital Bank by 19.6% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 37,346 shares of the bank’s stock valued at $1,492,000 after acquiring an additional 6,110 shares during the period. Millennium Management LLC bought a new position in Farmers Capital Bank in the 4th quarter valued at about $593,000. First Trust Advisors LP raised its holdings in Farmers Capital Bank by 18.0% in the 2nd quarter. First Trust Advisors LP now owns 8,523 shares of the bank’s stock valued at $444,000 after acquiring an additional 1,302 shares during the period. Finally, Alpine Woods Capital Investors LLC raised its holdings in Farmers Capital Bank by 36.4% in the 1st quarter. Alpine Woods Capital Investors LLC now owns 7,500 shares of the bank’s stock valued at $300,000 after acquiring an additional 2,000 shares during the period. 53.45% of the stock is currently owned by hedge funds and other institutional investors.
Several research analysts have weighed in on the stock. BidaskClub raised shares of Farmers Capital Bank from a “hold” rating to a “buy” rating in a report on Thursday, August 2nd. Zacks Investment Research cut shares of Farmers Capital Bank from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 20th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $49.00.
Farmers Capital Bank stock opened at $56.90 on Friday. The stock has a market capitalization of $427.97 million, a price-to-earnings ratio of 23.91 and a beta of 0.54. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.19. Farmers Capital Bank Corporation has a twelve month low of $32.60 and a twelve month high of $57.95.
Farmers Capital Bank (NASDAQ:FFKT) last announced its earnings results on Wednesday, July 18th. The bank reported $0.83 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.73 by $0.10. Farmers Capital Bank had a net margin of 18.44% and a return on equity of 11.04%. The company had revenue of $20.94 million for the quarter, compared to analysts’ expectations of $20.20 million. equities analysts forecast that Farmers Capital Bank Corporation will post 2.9 earnings per share for the current fiscal year.
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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