Kentucky First Federal Bancorp (NASDAQ:KFFB) Stock Price Breaks Above 50-Day Moving Average – What’s Next?

Shares of Kentucky First Federal Bancorp (NASDAQ:KFFB) passed above its 50-day moving average during trading on Friday. The stock has a 50-day moving average of $5.65 and traded as high as $6.10. Kentucky First Federal Bancorp shares last traded at $5.84, with a volume of 14,337 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Kentucky First Federal Bancorp Stock Up 4.5%

The firm has a 50 day moving average price of $5.65 and a two-hundred day moving average price of $5.02. The firm has a market capitalization of $47.25 million, a price-to-earnings ratio of 19.47 and a beta of 0.16. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.97.

Kentucky First Federal Bancorp (NASDAQ:KFFB) last announced its earnings results on Monday, November 2nd. The savings and loans company reported $0.11 earnings per share (EPS) for the quarter. The business had revenue of $3.32 million during the quarter. Kentucky First Federal Bancorp had a net margin of 11.50% and a return on equity of 5.00%.

Kentucky First Federal Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 21st. Shareholders of record on Monday, November 30th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend is Monday, November 30th. Kentucky First Federal Bancorp’s payout ratio is 66.67%.

Institutional Investors Weigh In On Kentucky First Federal Bancorp

An institutional investor recently bought a new position in Kentucky First Federal Bancorp stock. BlackRock Inc. acquired a new position in shares of Kentucky First Federal Bancorp (NASDAQ:KFFB) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 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 reporting period. Hedge funds and other institutional investors own 3.16% of the company’s stock.

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.