Farmers Capital Bank (FFKT) Upgraded by BidaskClub to Sell

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.

Farmers Capital Bank (NASDAQ:FFKT) last issued its quarterly earnings results on Wednesday, October 18th. The bank reported $0.71 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.12. The firm had revenue of $19.72 million for the quarter, compared to analysts’ expectations of $19.42 million. Farmers Capital Bank had a return on equity of 8.66% and a net margin of 19.59%. equities analysts expect that Farmers Capital Bank will post 2.39 earnings per share for the current fiscal year.

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.

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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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