KFFB Stock Surges Over 14% Despite Negative Earnings

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Nov 04, 2024
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The stock of Kentucky First Federal Bancorp (KFFB, Financial) experienced significant volatility, with a rapid increase of 14.82%. The stock is currently priced at $3.06 per share, with a trading volume of 1,185 shares. The turnover rate stands at 0.01%, and the amplitude is 0.02%.

Recent financial reports indicate that KFFB achieved a revenue of $16.44 million, but reported a net loss of $1.72 million, resulting in an EPS of -$0.21. The company's price-to-earnings ratio is -13.11, and no institutional recommendations for "buy," "hold," or "sell" are currently available for the stock.

Within the banking sector, to which Kentucky First Federal Bancorp belongs, there has been an overall decline of 0.32%. Among related stocks, notable increases were seen in Chain Bridge Bancorp, Inc., Inter & Co. Inc., and Mr. Cooper Group Inc. Active stocks included William Penn Bancorporation, Hilltop Holdings, and Northeast Bank, with turnover rates of 1.01%, 0.82%, and 0.70%, respectively. Stocks with significant amplitude included Shf Holdings Inc C/Wts 28/09/27 (To Pur Com) at 23.01%, Chain Bridge Bancorp, Inc. at 14.01%, and Pineapple Financial Inc. at 9.51%.

Kentucky First Federal Bancorp is a holding company that primarily engages in accepting public deposits and using these funds to issue residential real estate first mortgage loans and other real estate-backed loans. Its main products and services include residential mortgages, multi-family loans, construction loans, and various deposit accounts. The company operates mainly in Perry, Frankfort, Boyle, and Garrard counties in Kentucky, USA.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.