Kentucky First Federal Bancorp (NASDAQ:KFFB) Shares Break Above Fifty Day Moving Average – Here’s Why

Kentucky First Federal Bancorp (NASDAQ:KFFB) crossed above its fifty day moving average during trading on Friday. The stock has a fifty 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 changing hands.

Wall Street Analyst Weigh In

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

Kentucky First Federal Bancorp Price Performance

The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.29 and a current ratio of 1.29. The company 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 fifty day simple moving average of $5.65 and a two-hundred day simple moving average of $5.02.

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

Kentucky First Federal Bancorp Dividend Announcement

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

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. 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. The fund 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 SEC filing. 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.