Kentucky First Federal Bancorp (NASDAQ:KFFB) Short Interest Down 9.5% in October

Kentucky First Federal Bancorp (NASDAQ:KFFB) was the recipient of a large drop in short interest in October. As of October 31st, there was short interest totalling 7,600 shares, a drop of 9.5% from the October 15th total of 8,400 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average daily volume of 2,500 shares, the days-to-cover ratio is currently 3.0 days.

Kentucky First Federal Bancorp Price Performance

Shares of Kentucky First Federal Bancorp stock traded down $0.07 during trading on Friday, hitting $4.43. The stock had a trading volume of 7,805 shares, compared to its average volume of 3,243. The business has a fifty day moving average of $4.86 and a two-hundred day moving average of $5.60. Kentucky First Federal Bancorp has a fifty-two week low of $4.28 and a fifty-two week high of $7.50. The firm has a market cap of $35.84 million, a P/E ratio of 112.53 and a beta of 0.42. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.32 and a quick ratio of 1.43.

Kentucky First Federal Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 20th. Stockholders of record on Tuesday, October 31st will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, October 30th. This represents a $0.40 annualized dividend and a dividend yield of 9.03%. Kentucky First Federal Bancorp’s dividend payout ratio (DPR) is 1,000.25%.

Hedge Funds Weigh In On Kentucky First Federal Bancorp

Several hedge funds have recently made changes to their positions in the business. Tower Research Capital LLC TRC boosted its stake in shares of Kentucky First Federal Bancorp by 220.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 8,089 shares of the savings and loans company’s stock worth $50,000 after acquiring an additional 5,568 shares in the last quarter. Captrust Financial Advisors acquired a new position in shares of Kentucky First Federal Bancorp in the 2nd quarter valued at $36,000. Advisor Group Holdings Inc. increased its stake in Kentucky First Federal Bancorp by 625.3% in the 4th quarter. Advisor Group Holdings Inc. now owns 5,077 shares of the savings and loans company’s stock worth $34,000 after purchasing an additional 4,377 shares in the last quarter. Finally, UBS Group AG raised its holdings in Kentucky First Federal Bancorp by 13.1% during the 2nd quarter. UBS Group AG now owns 15,838 shares of the savings and loans company’s stock worth $127,000 after buying an additional 1,840 shares during the period. Institutional investors and hedge funds own 3.33% of the company’s stock.

Kentucky First Federal Bancorp Company Profile

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. It accepts deposit products include passbook savings and certificate accounts, checking accounts, and individual retirement accounts.