Wedge Capital Management L L P NC continued to hold its stake in Farmers Capital Bank Corporation (NASDAQ:FFKT) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,000 shares of the bank’s stock at the end of the second quarter. Wedge Capital Management L L P NC owned approximately 0.12% of Farmers Capital Bank Corporation worth $347,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Wellington Management Group LLP boosted its stake in Farmers Capital Bank Corporation by 159.9% in the first quarter. Wellington Management Group LLP now owns 335,058 shares of the bank’s stock worth $13,536,000 after buying an additional 206,144 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in 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 worth $12,579,000 after buying an additional 43,912 shares in the last quarter. Vanguard Group Inc. boosted its stake in Farmers Capital Bank Corporation by 24.0% in the first quarter. Vanguard Group Inc. now owns 280,692 shares of the bank’s stock worth $11,340,000 after buying an additional 54,374 shares in the last quarter. State Street Corp boosted its stake in Farmers Capital Bank Corporation by 12.8% in the fourth quarter. State Street Corp now owns 100,697 shares of the bank’s stock worth $4,234,000 after buying an additional 11,462 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in 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 worth $2,591,000 after buying an additional 7,685 shares in the last quarter. Institutional investors and hedge funds own 51.49% of the company’s stock.

Shares of Farmers Capital Bank Corporation (NASDAQ FFKT) opened at 37.30 on Monday. The company has a market capitalization of $280.23 million, a PE ratio of 19.08 and a beta of 0.89. The firm has a 50-day moving average price of $38.30 and a 200-day moving average price of $39.07. Farmers Capital Bank Corporation has a 12 month low of $27.28 and a 12 month high of $44.65.

Farmers Capital Bank Corporation (NASDAQ:FFKT) last announced its quarterly earnings data on Wednesday, July 19th. The bank reported $0.60 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.06. The firm had revenue of $19.05 million during the quarter, compared to analysts’ expectations of $19.40 million. Farmers Capital Bank Corporation had a return on equity of 8.24% and a net margin of 17.32%. On average, equities research analysts predict that Farmers Capital Bank Corporation will post $2.26 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 1st will be issued a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.40 annualized dividend and a yield of 1.07%. Farmers Capital Bank Corporation’s dividend payout ratio is presently 20.41%.

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FFKT has been the topic of a number of research reports. ValuEngine upgraded Farmers Capital Bank Corporation from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Zacks Investment Research upgraded Farmers Capital Bank Corporation from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a research report on Monday, April 24th. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $38.33.

Farmers Capital Bank Corporation 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. Its bank subsidiaries include Farmers Bank & Capital Trust Company (Farmers Bank), United Bank & Trust Company (United Bank), First Citizens Bank (First Citizens) and Citizens Bank of Northern Kentucky, Inc (Citizens Northern).

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

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