The stock of Farmers Capital Bank Corp (NASDAQ:FFKT) hit a new 52-week high and has $80.28 target or 140.00% above today’s $33.45 share price. The 6 months bullish chart indicates low risk for the $253.11 million company. The 1-year high was reported on Nov, 9 by Barchart.com. If the $80.28 price target is reached, the company will be worth $354.35M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 4.53% or $1.45 during the last trading session, hitting $33.45. About 29,048 shares traded hands or 66.02% up from the average. Farmers Capital Bank Corp (NASDAQ:FFKT) has risen 20.71% since April 7, 2016 and is uptrending. It has outperformed by 15.93% the S&P500.
According to Zacks Investment Research, “FARMERS CAPITAL BANK CORP. is a bank holding company engaged in general banking business.”
Insitutional Activity: The institutional sentiment increased to 2.29 in Q2 2016. Its up 0.58, from 1.71 in 2016Q1. The ratio increased, as 2 funds sold all Farmers Capital Bank Corp shares owned while 12 reduced positions. 5 funds bought stakes while 27 increased positions. They now own 3.51 million shares or 1.53% less from 3.57 million shares in 2016Q1.
Chicago Equity Partners accumulated 10,950 shares or 0.01% of the stock. Morgan Stanley has invested 0% of its portfolio in Farmers Capital Bank Corp (NASDAQ:FFKT). Legal & General Grp Incorporated Plc holds 0% or 1,160 shares in its portfolio. Bnp Paribas Arbitrage last reported 288 shares in the company. The Massachusetts-based Wellington Management Ltd Liability Partnership has invested 0% in Farmers Capital Bank Corp (NASDAQ:FFKT). Ladenburg Thalmann Fincl Services last reported 0% of its portfolio in the stock. Strs Ohio has invested 0% of its portfolio in Farmers Capital Bank Corp (NASDAQ:FFKT). Teachers Advsr owns 10,695 shares or 0% of their US portfolio. Renaissance Technology Limited Liability Company accumulated 255,000 shares or 0.01% of the stock. California Pub Employees Retirement accumulated 20,924 shares or 0% of the stock. Tower Research Capital Ltd (Trc) has 357 shares for 0% of their US portfolio. Vanguard holds 214,543 shares or 0% of its portfolio. New York State Common Retirement Fund accumulated 6,800 shares or 0% of the stock. Wells Fargo & Company Mn accumulated 10,889 shares or 0% of the stock. Citigroup holds 0% of its portfolio in Farmers Capital Bank Corp (NASDAQ:FFKT) for 1,043 shares.
Insider Transactions: Since August 17, 2016, the stock had 4 insider purchases, and 0 sales for $30,818 net activity. Nash William C. bought $903 worth of Farmers Capital Bank Corp (NASDAQ:FFKT) on Thursday, September 29. Roach John C bought $29,000 worth of Farmers Capital Bank Corp (NASDAQ:FFKT) on Wednesday, August 17.
More notable recent Farmers Capital Bank Corp (NASDAQ:FFKT) news were published by: Globenewswire.com which released: “Farmers Capital Bank Corporation Announces Plan to Consolidate Banking Operations” on August 12, 2016, also Globenewswire.com with their article: “Farmers Capital Bank Corporation Announces Balance Sheet Restructuring …” published on September 22, 2016, Globenewswire.com published: “Farmers Capital Bank Corporation Announces Third Quarter Earnings” on October 20, 2016. More interesting news about Farmers Capital Bank Corp (NASDAQ:FFKT) were released by: Globenewswire.com and their article: “Farmers Capital Bank Corporation Announces Increase in Common Dividend” published on October 25, 2016 as well as Globenewswire.com‘s news article titled: “Farmers Capital Bank Corporation Announces Common Dividend” with publication date: July 26, 2016.
FFKT Company Profile
Farmers Capital Bank Corporation, incorporated on October 28, 1982, is a bank holding company. The Firm provides a range of banking and bank-related services to clients throughout Central and Northern Kentucky. The Company’s 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). The Firm also owns FCB Services, Inc., a data processing subsidiary, and FFKT Insurance Services, Inc., a captive property and casualty insurance company. The Company’s primary deposit products are checking, savings and term certificate accounts. The Company’s primary lending products are residential mortgage, commercial lending and consumer installment loans. The Firm also offers other services, including cash management services, issuing letters of credit, safe deposit box rental and funds transfer services.
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