Kentucky First Federal Bancorp (NASDAQ:KFFB) Stock Breaks Above Fifty Day Moving Average – Here’s Why

Kentucky First Federal Bancorp (NASDAQ:KFFB)’s share price crossed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of $5.70 and traded as high as $6.05. Kentucky First Federal Bancorp shares last traded at $5.67, with a volume of 1,680 shares traded.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Kentucky First Federal Bancorp in a research report on Tuesday, August 25th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Kentucky First Federal Bancorp Stock Up 1.4%

The stock has a market capitalization of $47.15 million, a price-to-earnings ratio of 25.35 and a beta of 0.14. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.29 and a quick ratio of 1.29. The firm has a 50 day simple moving average of $5.71 and a 200-day simple moving average of $5.05.

Kentucky First Federal Bancorp (NASDAQ:KFFB) last issued its quarterly earnings data on Tuesday, August 11th. The savings and loans company reported $0.08 earnings per share for the quarter. Kentucky First Federal Bancorp had a net margin of 8.91% and a return on equity of 3.86%. The firm had revenue of $3.24 million for the quarter.

Kentucky First Federal Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 21st. Investors of record on Monday, August 31st were given a dividend of $0.05 per share. The ex-dividend date was Monday, August 31st. This represents a $0.20 annualized dividend and a yield of 3.4%. Kentucky First Federal Bancorp’s dividend payout ratio is 86.96%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Kentucky First Federal Bancorp stock. BlackRock Inc. bought a new stake in Kentucky First Federal Bancorp (NASDAQ:KFFB) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 9,744 shares of the savings and loans company’s stock, valued at approximately $49,000. BlackRock Inc. owned about 0.12% of Kentucky First Federal Bancorp at the end of the most recent quarter. 3.16% of the stock is owned by hedge funds and other institutional investors.

Kentucky First Federal Bancorp Company Profile

Kentucky First Federal Bancorp (NASDAQ: KFFB) is a bank holding company headquartered in Frankfort, Kentucky. Through its banking subsidiary, First Federal Savings Bank of Kentucky, the company provides community banking services to individuals, families, and businesses in central Kentucky.

Its primary products and services include deposit accounts, residential mortgage loans, commercial real estate and business loans, construction lending, consumer loans, and related banking services.