Why Farmers Capital Bank (FFKT) Could Be Positioned for a Surge? - Tale of the Tape

Farmers Capital Bank Corporation FFKT, the stock in the Bank industry could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.

These positive earnings estimate revisions suggest that analysts are becoming more optimistic on FFKT's earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Farmers Capital Bank could be a solid choice for investors.

Current Quarter Estimates for FFKT

In the past 30 days, 1 estimate has gone higher for Farmers Capital Bank. The trend has been pretty favorable too, with estimates increasing from 37 cents a share 30 days ago to 40 cents today, a jump of 8.1%.

Current Year Estimates for FFKT

Meanwhile, Farmers Capital Bank's current year figures are also looking quite promising, with 1 estimate moving higher in the past month. The consensus estimate trend has also seen a boost for this time frame, increasing from $1.46 per share 30 days ago to $1.65 per share today, an increase of 13%.

Bottom Line

The stock has also started to move higher lately, adding 6.2% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #1 (Strong Buy) stock to profit in the near future.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>

FARMERS CAP KY FFKT: Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

Market News and Data brought to you by Benzinga APIs