Kentucky First Federal Bancorp (NASDAQ:KFFB) Shares Shorted: Short Interest Down 57.7% in October

Kentucky First Federal Bancorp (NASDAQ:KFFB) was the recipient of a large decrease in short interest during the month of October. As of October 15th, there was short interest totaling 13,522 shares, a decrease of 57.7% from the September 30th total of 31,937 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily volume of 13,286 shares, the days-to-cover ratio is presently 1.0 days.

Hedge Funds Weigh In On Kentucky First Federal Bancorp

A hedge fund recently bought a new stake in Kentucky First Federal Bancorp stock. BlackRock Inc. purchased a new stake in shares of Kentucky First Federal Bancorp (NASDAQ:KFFB) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm 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. Hedge funds and other institutional investors own 3.16% of the company’s stock.

Wall Street Analyst Weigh In

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

Kentucky First Federal Bancorp Price Performance

KFFB traded down $0.06 on Friday, hitting $5.34. 1,621 shares of the stock were exchanged, compared to its average volume of 5,675. The firm has a market capitalization of $43.20 million, a price-to-earnings ratio of 23.22 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. Kentucky First Federal Bancorp has a 12 month low of $3.76 and a 12 month high of $6.46. The business has a 50-day moving average of $5.69 and a two-hundred day moving average of $4.99.

Kentucky First Federal Bancorp (NASDAQ:KFFB) last announced its quarterly earnings results on Tuesday, August 11th. The savings and loans company reported $0.08 EPS for the quarter. The firm 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%.

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.