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

Kentucky First Federal Bancorp (NASDAQ:KFFB) passed above its 50-day moving average during trading on Friday. The stock has a 50-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 trading hands.

Analyst Upgrades and Downgrades

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

Kentucky First Federal Bancorp Stock Performance

The stock has a market capitalization of $47.25 million, a PE ratio of 19.47 and a beta of 0.16. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.97. The stock has a fifty day moving average of $5.65 and a 200-day moving average of $5.02.

Kentucky First Federal Bancorp (NASDAQ:KFFB) last issued its quarterly earnings results 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 Announces Dividend

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

Institutional Trading of Kentucky First Federal Bancorp

An institutional investor recently bought a new stake in Kentucky First Federal Bancorp stock. BlackRock Inc. purchased a new position in shares of Kentucky First Federal Bancorp (NASDAQ:KFFB) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund 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. Institutional investors and hedge funds own 3.16% of the company’s stock.

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.