Notable Price Action: Farmers Capital Bank Corp’s Trend Up, Especially After Today’s 52-Week High Milestone

Notable Price Action: Farmers Capital Bank Corp's Trend Up, Especially After Today's 52 Week High Milestone

The stock of Farmers Capital Bank Corp (NASDAQ:FFKT) hit a new 52-week high and has $37.13 target or 3.00% above today’s $36.05 share price. The 6 months bullish chart indicates low risk for the $282.88 million company. The 1-year high was reported on Nov, 25 by Barchart.com. If the $37.13 price target is reached, the company will be worth $8.49M 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. About 21,999 shares traded hands. Farmers Capital Bank Corp (NASDAQ:FFKT) has risen 20.95% since April 22, 2016 and is uptrending. It has outperformed by 15.54% the S&P500.

Analysts await Farmers Capital Bank Corp (NASDAQ:FFKT) to report earnings on January, 18. They expect $0.48 EPS, 0.00% or $0.00 from last year’s $0.48 per share. FFKT’s profit will be $3.77M for 18.78 P/E if the $0.48 EPS becomes a reality. After $0.58 actual EPS reported by Farmers Capital Bank Corp for the previous quarter, Wall Street now forecasts -17.24% negative EPS growth.

According to Zacks Investment Research, “FARMERS CAPITAL BANK CORP. is a bank holding company engaged in general banking business.”

Insitutional Activity: The institutional sentiment decreased to 1.3 in 2016 Q2. Its down 0.99, from 2.29 in 2016Q1. The ratio dropped, 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.
Blackrock Inv Management Ltd Llc accumulated 0% or 31,570 shares. Geode Capital Mngmt Lc has 0% invested in the company for 50,165 shares. Amer International Gp, a New York-based fund reported 4,236 shares. Blackrock Fund holds 0% of its portfolio in Farmers Capital Bank Corp (NASDAQ:FFKT) for 194,933 shares. Blackrock Advisors Ltd Llc owns 4,174 shares or 0% of their US portfolio. The Texas-based Bridgeway Cap Mgmt Inc has invested 0.06% in Farmers Capital Bank Corp (NASDAQ:FFKT). Chicago Equity Prtn Lc has 0.01% invested in the company for 10,950 shares. Dimensional Fund L P accumulated 0% or 234,674 shares. Strs Ohio has invested 0% of its portfolio in Farmers Capital Bank Corp (NASDAQ:FFKT). Ancora Advsr Limited Company, a Us-based fund reported 28,524 shares. Pnc Financial Serv Grp Incorporated reported 2,068 shares or 0% of all its holdings. Blackrock has invested 0% of its portfolio in Farmers Capital Bank Corp (NASDAQ:FFKT). Cornerstone Management Limited last reported 0% of its portfolio in the stock. Us Bank & Trust De holds 0% or 1 shares in its portfolio. Blackrock Institutional Na last reported 252,413 shares in the company.

Insider Transactions: Since August 17, 2016, the stock had 4 insider purchases, and 0 insider sales for $30,818 net activity. Roach John C bought 1,000 shares worth $29,000. $903 worth of Farmers Capital Bank Corp (NASDAQ:FFKT) shares were bought by Nash William C..

More important 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 published article titled: “Farmers Capital Bank Corporation Announces Increase in Common Dividend”, Globenewswire.com published: “Farmers Capital Bank Corporation Announces Balance Sheet Restructuring …” on September 22, 2016. More interesting news about Farmers Capital Bank Corp (NASDAQ:FFKT) was released by: Globenewswire.com and their article: “Farmers Capital Bank Corporation Appoints John C. Roach to its Board of Directors” with publication date: July 27, 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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