Wells Fargo & Company MN Decreases Stake in Farmers Capital Bank Corporation (FFKT)

Wells Fargo & Company MN decreased its position in Farmers Capital Bank Corporation (NASDAQ:FFKT) by 9.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 39,186 shares of the bank’s stock after selling 4,312 shares during the quarter. Wells Fargo & Company MN owned about 0.52% of Farmers Capital Bank Corporation worth $1,511,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its position in shares of Farmers Capital Bank Corporation by 16.4% in the first quarter. Dimensional Fund Advisors LP now owns 311,362 shares of the bank’s stock valued at $12,579,000 after purchasing an additional 43,912 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Farmers Capital Bank Corporation by 24.0% in the first quarter. Vanguard Group Inc. now owns 280,692 shares of the bank’s stock valued at $11,340,000 after purchasing an additional 54,374 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Farmers Capital Bank Corporation by 13.6% in the first quarter. Geode Capital Management LLC now owns 64,142 shares of the bank’s stock valued at $2,591,000 after purchasing an additional 7,685 shares during the last quarter. Kennedy Capital Management Inc. grew its position in shares of Farmers Capital Bank Corporation by 14.6% in the second quarter. Kennedy Capital Management Inc. now owns 62,489 shares of the bank’s stock valued at $2,409,000 after purchasing an additional 7,954 shares during the last quarter. Finally, Alliancebernstein L.P. grew its position in shares of Farmers Capital Bank Corporation by 83.0% in the first quarter. Alliancebernstein L.P. now owns 50,972 shares of the bank’s stock valued at $2,059,000 after purchasing an additional 23,120 shares during the last quarter. 51.58% of the stock is currently owned by institutional investors.

Several research firms have recently commented on FFKT. Zacks Investment Research raised Farmers Capital Bank Corporation from a “hold” rating to a “strong-buy” rating and set a $44.00 target price on the stock in a research report on Tuesday, July 25th. ValuEngine raised Farmers Capital Bank Corporation from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $40.00 target price on shares of Farmers Capital Bank Corporation in a research report on Tuesday, October 3rd.

In other news, CEO Lloyd C. Hillard, Jr. purchased 1,000 shares of Farmers Capital Bank Corporation stock in a transaction dated Friday, September 8th. The stock was purchased at an average cost of $36.89 per share, for a total transaction of $36,890.00. The purchase was disclosed in a legal filing with the SEC, which is available through this link. 3.09% of the stock is currently owned by insiders.

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Farmers Capital Bank Corporation (NASDAQ FFKT) opened at 43.80 on Monday. The firm has a market cap of $329.07 million, a P/E ratio of 22.40 and a beta of 0.85. Farmers Capital Bank Corporation has a 52-week low of $29.65 and a 52-week high of $44.65. The stock has a 50 day moving average price of $41.70 and a 200 day moving average price of $39.68.

Farmers Capital Bank Corporation (NASDAQ:FFKT) last issued its quarterly earnings results on Wednesday, October 18th. The bank reported $0.71 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.12. Farmers Capital Bank Corporation had a net margin of 19.59% and a return on equity of 8.77%. The company had revenue of $19.72 million during the quarter, compared to analyst estimates of $19.42 million. Equities analysts predict that Farmers Capital Bank Corporation will post $2.39 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Friday, December 1st will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.14%. This is a positive change from Farmers Capital Bank Corporation’s previous quarterly dividend of $0.10. The ex-dividend date is Thursday, November 30th. Farmers Capital Bank Corporation’s payout ratio is currently 19.14%.

Farmers Capital Bank Corporation 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.

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

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