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

Kentucky First Federal Bancorp (NASDAQ:KFFB) was the target of a large drop in short interest during the month of 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. Approximately 0.2% of the shares of the company are short sold. Based on an average daily volume of 13,286 shares, the short-interest ratio is currently 1.0 days.

Wall Street Analyst Weigh In

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

Kentucky First Federal Bancorp Trading Down 1.1%

Shares of KFFB stock opened at $5.34 on Friday. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.97. Kentucky First Federal Bancorp has a 12-month low of $3.76 and a 12-month high of $6.46. The company has a market capitalization of $43.20 million, a PE ratio of 23.22 and a beta of 0.14. The firm has a 50 day moving average price of $5.68 and a two-hundred day moving average price of $5.00.

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

Institutional Investors Weigh In On Kentucky First Federal Bancorp

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

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 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.