First Trust Advisors LP Has $652,000 Stake in Farmers Capital Bank Corporation (FFKT)
First Trust Advisors LP increased its stake in Farmers Capital Bank Corporation (NASDAQ:FFKT) by 31.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,515 shares of the bank’s stock after acquiring an additional 3,743 shares during the period. First Trust Advisors LP owned approximately 0.21% of Farmers Capital Bank worth $652,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Rhumbline Advisers raised its stake in shares of Farmers Capital Bank by 2.6% in the second quarter. Rhumbline Advisers now owns 8,088 shares of the bank’s stock valued at $312,000 after acquiring an additional 205 shares in the last quarter. TIAA CREF Investment Management LLC raised its stake in Farmers Capital Bank by 2.4% in the second quarter. TIAA CREF Investment Management LLC now owns 20,318 shares of the bank’s stock valued at $783,000 after buying an additional 474 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Farmers Capital Bank by 1.7% in the second quarter. Bank of New York Mellon Corp now owns 43,188 shares of the bank’s stock valued at $1,665,000 after buying an additional 729 shares in the last quarter. Northern Trust Corp raised its stake in Farmers Capital Bank by 1.6% in the second quarter. Northern Trust Corp now owns 93,542 shares of the bank’s stock valued at $3,606,000 after buying an additional 1,465 shares in the last quarter. Finally, Teachers Advisors LLC raised its stake in Farmers Capital Bank by 15.2% in the second quarter. Teachers Advisors LLC now owns 13,186 shares of the bank’s stock valued at $508,000 after buying an additional 1,737 shares in the last quarter. Institutional investors and hedge funds own 50.72% of the company’s stock.
A number of analysts have weighed in on FFKT shares. ValuEngine upgraded Farmers Capital Bank from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Zacks Investment Research cut Farmers Capital Bank from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 20th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $40.00 price target on shares of Farmers Capital Bank in a research note on Tuesday, October 3rd.
Farmers Capital Bank (NASDAQ:FFKT) last posted its quarterly earnings results on Wednesday, October 18th. The bank reported $0.71 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.12. Farmers Capital Bank had a return on equity of 8.66% and a net margin of 19.59%. The company had revenue of $19.72 million for the quarter, compared to analysts’ expectations of $19.42 million. equities research analysts predict that Farmers Capital Bank Corporation will post 2.39 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 1st will be issued a dividend of $0.125 per share. This is a positive change from Farmers Capital Bank’s previous quarterly dividend of $0.10. The ex-dividend date is Thursday, November 30th. This represents a $0.50 annualized dividend and a dividend yield of 1.23%. Farmers Capital Bank’s dividend payout ratio (DPR) is presently 23.92%.
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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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