Farmers Capital Bank (NASDAQ:FFKT) was upgraded by investment analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a report released on Friday.
Other equities analysts have also recently issued research reports about the company. Zacks Investment Research upgraded Farmers Capital Bank from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a research report on Wednesday, January 3rd. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $40.00 target price on shares of Farmers Capital Bank in a research report on Tuesday, October 3rd.
Farmers Capital Bank (FFKT) opened at $39.95 on Friday. The stock has a market capitalization of $302.14, a PE ratio of 19.11 and a beta of 0.91. Farmers Capital Bank has a 52-week low of $34.05 and a 52-week high of $44.30. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.79 and a quick ratio of 0.79.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Rhumbline Advisers increased its position in Farmers Capital Bank by 2.6% during the 2nd quarter. Rhumbline Advisers now owns 8,088 shares of the bank’s stock worth $312,000 after purchasing an additional 205 shares during the period. TIAA CREF Investment Management LLC increased its position in Farmers Capital Bank by 2.4% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 20,318 shares of the bank’s stock worth $783,000 after purchasing an additional 474 shares during the period. Bank of New York Mellon Corp increased its position in Farmers Capital Bank by 1.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 43,188 shares of the bank’s stock worth $1,665,000 after purchasing an additional 729 shares during the period. Northern Trust Corp increased its position in Farmers Capital Bank by 1.6% during the 2nd quarter. Northern Trust Corp now owns 93,542 shares of the bank’s stock worth $3,606,000 after purchasing an additional 1,465 shares during the period. Finally, Teachers Advisors LLC increased its position in Farmers Capital Bank by 15.2% during the 2nd quarter. Teachers Advisors LLC now owns 13,186 shares of the bank’s stock worth $508,000 after purchasing an additional 1,737 shares during the period. Institutional investors own 50.72% of the company’s stock.
About Farmers Capital Bank
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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