Kentucky First Federal Bancorp (NASDAQ:KFFB) Sees Large Drop in Short Interest

Kentucky First Federal Bancorp (NASDAQ:KFFBGet Rating) was the recipient of a large decrease in short interest during the month of March. As of March 31st, there was short interest totalling 900 shares, a decrease of 78.6% from the March 15th total of 4,200 shares. Based on an average trading volume of 2,400 shares, the short-interest ratio is presently 0.4 days. Approximately 0.0% of the shares of the company are sold short.

Separately, TheStreet lowered Kentucky First Federal Bancorp from a “b-” rating to a “c” rating in a report on Tuesday, March 29th.

Shares of NASDAQ:KFFB opened at $7.19 on Wednesday. The company has a market capitalization of $59.08 million, a P/E ratio of 26.63 and a beta of 0.46. Kentucky First Federal Bancorp has a 52-week low of $6.86 and a 52-week high of $8.00. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.93. The stock’s fifty day simple moving average is $7.59 and its 200-day simple moving average is $7.36.

Kentucky First Federal Bancorp (NASDAQ:KFFBGet Rating) last released its quarterly earnings data on Friday, February 4th. The savings and loans company reported $0.06 EPS for the quarter. The business had revenue of $2.43 million during the quarter. Kentucky First Federal Bancorp had a return on equity of 4.23% and a net margin of 17.65%.

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 16th. Investors of record on Friday, April 29th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 5.56%. The ex-dividend date of this dividend is Thursday, April 28th. Kentucky First Federal Bancorp’s dividend payout ratio is currently 148.15%.

A hedge fund recently raised its stake in Kentucky First Federal Bancorp stock. BlackRock Inc. grew its position in shares of Kentucky First Federal Bancorp (NASDAQ:KFFBGet Rating) by 22.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 11,582 shares of the savings and loans company’s stock after acquiring an additional 2,143 shares during the quarter. BlackRock Inc. owned about 0.14% of Kentucky First Federal Bancorp worth $83,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 3.52% of the company’s stock.

About Kentucky First Federal Bancorp (Get Rating)

Kentucky First Federal Bancorp operates as the holding company for First Federal Savings and Loan Association of Hazard, and Frankfort First Bancorp, Inc that provide various banking products and services in Kentucky. The company accepts deposit products include passbook savings and certificate accounts, checking accounts, and individual retirement accounts.

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