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 significant decline in short interest in October. As of October 15th, there was short interest totaling 13,522 shares, a decline of 57.7% from the September 30th total of 31,937 shares. Based on an average daily trading volume, of 13,286 shares, the days-to-cover ratio is currently 1.0 days. Currently, 0.2% of the company’s shares are sold short.

Analyst Ratings Changes

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

Institutional Trading of Kentucky First Federal Bancorp

A hedge fund recently bought a new stake in Kentucky First Federal Bancorp stock. BlackRock Inc. bought a new position in shares of Kentucky First Federal Bancorp (NASDAQ:KFFB) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. 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 at the end of the most recent reporting period. Institutional investors own 3.16% of the company’s stock.

Kentucky First Federal Bancorp Stock Down 1.1%

KFFB traded down $0.06 during trading hours on Friday, hitting $5.34. 1,621 shares of the company’s stock were exchanged, compared to its average volume of 9,655. Kentucky First Federal Bancorp has a 12-month low of $3.76 and a 12-month high of $6.46. The firm has a 50 day moving average of $5.68 and a 200 day moving average of $5.00. The firm has a market cap of $43.18 million, a P/E ratio of 23.22 and a beta of 0.14. 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 released its 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 company had revenue of $3.24 million for the quarter.

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.