The stock is trading at $44.00 marginally over $41.04, the 50 day moving average and significantly above the 200 day moving average of $39.55. The 50 day moving average was up $2.96 and the 200 day average moved up $4.45. (NASDAQ:FFKT) shares saw light trading volume with 309 shares changing hands on Tuesday. Overall, volume was down 97.68% under the stocks normal daily volume.
Investors are a little more bullish on the company lately if you consider the change in short interest. The stock saw a fall in short interest between September 15, 2017 and September 29, 2017 of -5.29%. Short shares fell 12,005 over that period. Days to cover decreased from 18.0 to 16.0 and the percentage of shorted shares was 0.03% on September 29.
Farmers Capital Bank Corporatio (NASDAQ:FFKT) has been the object of insider buying activity recently. President & CEO Lloyd C. Jr Hillard purchased 1,000 shares at an average price of $36.89 on September 8th. That brings the President & CEO’s holdings to $773,546 as recorded in a recent Form 4 SEC filing.
The following firms have recently changed their position in FFKT. As of quarter end Monarch Partners Asset Management LLC had acquired 4,750 shares growing its stake by 50.1%. The value of the investment in Farmers Capital Bank Corporatio went from $383,000 to $549,000 a change of 43.3% for the reporting period. Ubs Group Ag grew its position by buying 1,616 shares an increase of 679.0%. Ubs Group Ag owns 1,854 shares valued at $71,000. The total value of its holdings increased 610.0%.
Acadian Asset Management LLC divested its investment by selling 2,166 shares a decrease of 31.2% as of 09/30/2017. Acadian Asset Management LLC controls 4,770 shares worth $201,000. The value of the position overall is down by 24.7%. Bowling Portfolio Management LLC expanded its holdings by buying 541 shares an increase of 4.8% from 06/30/2017 to 09/30/2017. Bowling Portfolio Management LLC currently owns 11,862 shares with a value of $499,000. The total value of its holdings increased 14.4%.
The company is so far trading up by 0.46%% since yesterday’s close of 43.8. The company recently declared a dividend for shareholders that was paid on Mon Jul 3, 2017. The dividend payment was $0.100 per share for the quarter or $0.40 annualized. This dividend amount represented a yield of $0.93. The ex-dividend date was set for Wednesday the 30th of August 2017.
The P/E ratio is currently 22.51 and market capitalization is 330.57M. As of the last earnings report the EPS was $1.96 and is estimated to be $2.39 for the current year with 7,513,000 shares outstanding. Next quarter’s EPS is forecasted to be $0.60 with next year’s EPS projected to be $2.53.
United Bank has 34 branch locations in 21 communities throughout Central and Northern Kentucky. United Bank is the bank affiliate of Kentucky owned and operated Farmers Capital Bank Corporation, a bank holding company headquartered in Frankfort. .