KBW Reiterates a Hold Rating on Farmers Capital Bank

By Austin Angelo

KBW analyst Catherine Mealor reiterated a Hold rating on Farmers Capital Bank (NASDAQ: FFKT) yesterday and set a price target of $40. The company’s shares opened today at $40.50.

According to TipRanks.com, Mealor is a 5-star analyst with an average return of 15.6% and a 78.5% success rate. Mealor covers the Financial sector, focusing on stocks such as Union First Market Bankshares Corp, American National Bankshares, and Community Bankers Trust Corp.

Farmers Capital Bank has an analyst consensus of Hold, with a price target consensus of $40.

Farmers Capital Bank’s market cap is currently $296.2M and has a P/E ratio of 18.28. The company has a book value ratio of 1.6482.

Based on the recent corporate insider activity of 83 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of FFKT in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Farmers Capital Bank Corp. operates as a holding company, which engages in the provision of financial and banking solutions. Through its subsidiaries, it offers a range of products to individual, business, agriculture, government, and educational customers including deposits which include checking, savings, and term certificate accounts; lending such as residential mortgage, commercial lending, and consumer installment loans. It also provides cash management services, issuing letters of credit, safe deposit box rental, and funds transfer services. The company was founded on October 28, 1982 and is headquartered in Frankfort, KY.