California State Teachers Retirement System Has $502,000 Holdings in Farmers Capital Bank Corporation (FFKT)

California State Teachers Retirement System trimmed its stake in Farmers Capital Bank Corporation (NASDAQ:FFKT) by 10.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,014 shares of the bank’s stock after selling 1,500 shares during the period. California State Teachers Retirement System owned about 0.17% of Farmers Capital Bank worth $502,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in FFKT. California Public Employees Retirement System grew its position in Farmers Capital Bank by 15.3% in the first quarter. California Public Employees Retirement System now owns 24,124 shares of the bank’s stock valued at $975,000 after acquiring an additional 3,200 shares during the period. Vanguard Group Inc. grew its holdings in shares of Farmers Capital Bank by 24.0% during the first quarter. Vanguard Group Inc. now owns 280,692 shares of the bank’s stock worth $11,340,000 after purchasing an additional 54,374 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Farmers Capital Bank by 13.6% during the first quarter. Geode Capital Management LLC now owns 64,142 shares of the bank’s stock worth $2,591,000 after purchasing an additional 7,685 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Farmers Capital Bank by 16.4% during the first quarter. Dimensional Fund Advisors LP now owns 311,362 shares of the bank’s stock worth $12,579,000 after purchasing an additional 43,912 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. grew its holdings in shares of Farmers Capital Bank by 47.8% during the first quarter. Schwab Charles Investment Management Inc. now owns 24,373 shares of the bank’s stock worth $985,000 after purchasing an additional 7,886 shares during the last quarter. Hedge funds and other institutional investors own 50.72% of the company’s stock.

Shares of Farmers Capital Bank Corporation (NASDAQ:FFKT) opened at $40.80 on Thursday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.79 and a current ratio of 0.79. The company has a market capitalization of $304.77, a price-to-earnings ratio of 18.43 and a beta of 0.90. Farmers Capital Bank Corporation has a 1-year low of $34.05 and a 1-year high of $44.65.

Farmers Capital Bank (NASDAQ:FFKT) last announced its earnings results on Wednesday, October 18th. The bank reported $0.71 EPS for the quarter, topping the consensus estimate of $0.59 by $0.12. The company 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%. research analysts expect that Farmers Capital Bank Corporation will post 2.39 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Friday, December 1st will be issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.23%. The ex-dividend date of this dividend is Thursday, November 30th. This is a boost from Farmers Capital Bank’s previous quarterly dividend of $0.10. Farmers Capital Bank’s dividend payout ratio is presently 23.92%.

In other news, CEO Lloyd C. Hillard, Jr. purchased 1,000 shares of the business’s stock in a transaction dated Friday, September 8th. The shares were acquired at an average price of $36.89 per share, with a total value of $36,890.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 3.09% of the company’s stock.

FFKT has been the topic of several research analyst reports. ValuEngine upgraded Farmers Capital Bank from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Zacks Investment Research cut Farmers Capital Bank from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 20th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $40.00 target price on shares of Farmers Capital Bank in a report on Tuesday, October 3rd.

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Farmers Capital Bank Company Profile

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

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