Farmers Capital Bank Corp. (FFKT) to Issue Quarterly Dividend of $0.10 on January 1st
Farmers Capital Bank Corp. (NASDAQ:FFKT) declared a quarterly dividend on Tuesday, October 25th. Shareholders of record on Thursday, December 1st will be paid a dividend of 0.10 per share on Sunday, January 1st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date is Tuesday, November 29th. This is a positive change from Farmers Capital Bank Corp.’s previous quarterly dividend of $0.07.
Farmers Capital Bank Corp. (NASDAQ:FFKT) opened at 34.70 on Thursday. The firm has a market cap of $260.49 million, a price-to-earnings ratio of 14.75 and a beta of 0.67. The firm has a 50 day moving average of $32.27 and a 200-day moving average of $29.60. Farmers Capital Bank Corp. has a one year low of $24.65 and a one year high of $34.95.
Several hedge funds have recently added to or reduced their stakes in the company. BlackRock Advisors LLC increased its stake in Farmers Capital Bank Corp. by 1.2% in the second quarter. BlackRock Advisors LLC now owns 4,174 shares of the company’s stock worth $114,000 after buying an additional 50 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Farmers Capital Bank Corp. during the third quarter worth about $135,000. The Manufacturers Life Insurance Company purchased a new stake in Farmers Capital Bank Corp. during the third quarter worth about $177,000. New York State Common Retirement Fund raised its stake in Farmers Capital Bank Corp. by 14.7% in the third quarter. New York State Common Retirement Fund now owns 7,800 shares of the company’s stock worth $231,000 after buying an additional 1,000 shares in the last quarter. Finally, Rhumbline Advisers raised its stake in Farmers Capital Bank Corp. by 1.3% in the third quarter. Rhumbline Advisers now owns 7,872 shares of the company’s stock worth $233,000 after buying an additional 100 shares in the last quarter. Institutional investors and hedge funds own 46.59% of the company’s stock.
A number of research firms recently commented on FFKT. Zacks Investment Research upgraded shares of Farmers Capital Bank Corp. from a “hold” rating to a “buy” rating and set a $33.00 target price on the stock in a report on Wednesday, July 27th. Sandler O’Neill began coverage on shares of Farmers Capital Bank Corp. in a report on Friday, October 7th. They issued a “buy” rating and a $35.00 target price on the stock.
Farmers Capital Bank Corp. Company Profile
Farmers Capital Bank Corporation is a bank holding company. The Company provides a range of banking and bank-related services to customers throughout Central and Northern Kentucky. The Company’s bank subsidiaries include Farmers Bank & Capital Trust Company, United Bank & Trust Company, First Citizens Bank and Citizens Bank of Northern Kentucky, Inc The Company also owns FCB Services, Inc, a data processing subsidiary, and FFKT Insurance Services, Inc, a captive property and casualty insurance company.
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