Kentucky First Federal Bancorp (NASDAQ:KFFB) Sees Significant Decline in Short Interest

Kentucky First Federal Bancorp (NASDAQ:KFFB) was the target of a significant drop in short interest in October. As of October 15th, there was short interest totaling 13,522 shares, a drop of 57.7% from the September 30th total of 31,937 shares. Based on an average daily volume of 13,286 shares, the short-interest ratio is currently 1.0 days. Approximately 0.2% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Kentucky First Federal Bancorp in a research report on Tuesday, August 25th. One research analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, the company has an average rating of “Hold”.

Kentucky First Federal Bancorp Stock Down 1.1%

Shares of Kentucky First Federal Bancorp stock traded down $0.06 during trading on Friday, hitting $5.34. 1,621 shares of the stock traded hands, compared to its average volume of 5,675. Kentucky First Federal Bancorp has a 52-week low of $3.76 and a 52-week high of $6.46. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.97. The firm has a market cap of $43.20 million, a P/E ratio of 23.22 and a beta of 0.14. The stock’s fifty day simple moving average is $5.69 and its 200 day simple moving average is $4.99.

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

Hedge Funds Weigh In On Kentucky First Federal Bancorp

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

About Kentucky First Federal Bancorp

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 financial services to individuals, families and businesses in central Kentucky.

The bank’s products and services generally include deposit accounts, residential mortgage loans, consumer lending, commercial real estate financing, construction loans and other business credit. It also offers customary banking services, including electronic and digital banking options, to support personal and commercial customers.

First Federal Savings Bank of Kentucky has a longstanding history of serving communities in Kentucky, with banking operations focused primarily on the central part of the state.