NasdaqGM:KFFB

Stock Analysis Report

Kentucky First Federal Bancorp

Executive Summary

Kentucky First Federal Bancorp operates as the holding company for First Federal Savings and Loan Association of Hazard, and Frankfort First Bancorp, Inc.


Snowflake Analysis

Proven track record with mediocre balance sheet.


Similar Companies

Share Price & News

How has Kentucky First Federal Bancorp's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: KFFB has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0.2%

KFFB

-0.8%

US Mortgage

0.06%

US Market


1 Year Return

-2.6%

KFFB

5.5%

US Mortgage

19.3%

US Market

Return vs Industry: KFFB underperformed the US Mortgage industry which returned 5.5% over the past year.

Return vs Market: KFFB underperformed the US Market which returned 19.3% over the past year.


Shareholder returns

KFFBIndustryMarket
7 Day0.2%-0.8%0.06%
30 Day-1.7%-1.4%1.7%
90 Day5.1%-1.8%9.0%
1 Year2.6%-2.6%8.0%5.5%21.8%19.3%
3 Year-10.3%-22.3%19.0%10.5%49.5%39.9%
5 Year19.6%-5.5%58.9%41.3%73.1%54.1%

Price Volatility Vs. Market

How volatile is Kentucky First Federal Bancorp's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Kentucky First Federal Bancorp undervalued compared to its fair value and its price relative to the market?

65.07x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate KFFB's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate KFFB's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: KFFB is poor value based on its PE Ratio (65.1x) compared to the Mortgage industry average (13.7x).

PE vs Market: KFFB is poor value based on its PE Ratio (65.1x) compared to the US market (18.5x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate KFFB's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: KFFB is good value based on its PB Ratio (1x) compared to the US Mortgage industry average (1.1x).


Next Steps

Future Growth

How is Kentucky First Federal Bancorp forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

6.4%

Forecasted Banks industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Kentucky First Federal Bancorp has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Kentucky First Federal Bancorp performed over the past 5 years?

-20.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: KFFB has high quality earnings.

Growing Profit Margin: KFFB's current net profit margins (10.2%) are higher than last year (5%).


Past Earnings Growth Analysis

Earnings Trend: KFFB's earnings have declined by -20% per year over the past 5 years.

Accelerating Growth: KFFB's earnings growth over the past year (106.5%) exceeds its 5-year average (-20% per year).

Earnings vs Industry: KFFB earnings growth over the past year (106.5%) exceeded the Mortgage industry 11.3%.


Return on Equity

High ROE: KFFB's Return on Equity (1.5%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Kentucky First Federal Bancorp's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: KFFB has a low level of unsold assets or inventory.

Debt Coverage by Assets: KFFB's debt is not covered by short term assets (assets are 0.3x debt).


Financial Institutions Analysis

Asset Level: KFFB's level of assets compared to its equity is low.

Allowance for Bad Loans: KFFB has a low allowance for bad loans.

Low Risk Liabilities: KFFB's liabilities are made up of primarily low risk sources of funding.

Loan Level: KFFB has an acceptable proportion of non-loan assets held.

Low Risk Deposits: KFFB has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: KFFB has a high level of bad loans (2.72%)


Next Steps

Dividend

What is Kentucky First Federal Bancorp's current dividend yield, its reliability and sustainability?

5.15%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: KFFB's dividend (5.15%) is higher than the bottom 25% of dividend payers in the US market (1.44%).

High Dividend: KFFB's dividend (5.15%) is in the top 25% of dividend payers in the US market (3.71%)


Stability and Growth of Payments

Stable Dividend: KFFB's dividends per share have been stable in the past 10 years.

Growing Dividend: KFFB's dividend payments have not increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (335.2%), KFFB's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

7.1yrs

Average management tenure


CEO

Don Jennings (54yo)

7.1yrs

Tenure

US$206,863

Compensation

Mr. Don D. Jennings serves the President, Chief Operating Officer and Chief Executive Officer of Kentucky First Federal BanCorp. Inc., a holding company of First Federal Savings Bank of Frankfort since Mar ...


CEO Compensation Analysis

Compensation vs Market: Don's total compensation ($USD206.86K) is below average for companies of similar size in the US market ($USD521.37K).

Compensation vs Earnings: Don's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Don Jennings
President7.1yrsUS$206.86k0.88% $568.6k
R. Hulette
VP, Treasurer & CFO14.9yrsUS$186.56k0.30% $190.2k
Lee Hockensmith
Secretary0yrsno datano data
Jaime Coffey
President & CEO of First Federal of Hazard1.1yrsno data0.069% $44.2k
Yvonne Thornberry
VP and Head of Loan Processing & Servicing - First Federal Savings Bank of Kentucky0yrsno datano data
Teresa A. Hulette
Executive Vice President of First Federal Savings Bank of Kentucky0yrsno data0.44% $281.3k
Stacey Greenawalt
VP & Head of Residential Lending - First Federal Savings Bank of Kentucky0yrsno datano data
Deborah Bersaglia
VP, AVP for Lending & Secretary of First Federal Savings & Loan Association of Hazard0yrsno datano data
Margaret Pelley
VP & Head Teller - First Federal Savings & Loan Association of Hazard0yrsno datano data
Wick Asbury
Head of Lending - First Federal Savings Bank and Vice President of First Federal Saving Bank0yrsno datano data

7.1yrs

Average Tenure

54yo

Average Age

Experienced Management: KFFB's management team is seasoned and experienced (7.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Don Jennings
President7.1yrsUS$206.86k0.88% $568.6k
Russell Brooks
VP, CFO & Director - First Federal Savings Bank of Kentucky0yrsno datano data
Virginia R. Stump
VP, Lancaster Branch Manager & Director - First Federal Savings Bank of Kentucky0yrsno datano data
William Johnson
Director7.1yrsUS$148.98k0.54% $345.7k
C. Davenport
Independent Director4.5yrsUS$18.00k0.49% $315.3k
David Harrod
Independent Director14.9yrsUS$18.00k0.11% $73.7k
Tony Whitaker
Chairman of the Board14.9yrsUS$11.20k1.41% $909.5k
Walter Ecton
Independent Director14.9yrsUS$18.40k0.28% $180.2k
Stephen Barker
Independent Director14.9yrsUS$18.40k0.35% $223.1k
William Gorman
Independent Director9.2yrsUS$18.40k0.14% $90.6k

14.9yrs

Average Tenure

65yo

Average Age

Experienced Board: KFFB's board of directors are seasoned and experienced ( 14.9 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: KFFB insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Kentucky First Federal Bancorp's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Kentucky First Federal Bancorp
  • Ticker: KFFB
  • Exchange: NasdaqGM
  • Founded: 2005
  • Industry: Thrifts and Mortgage Finance
  • Sector: Banks
  • Market Cap: US$64.361m
  • Shares outstanding: 8.29m
  • Website: https://ffsbky.bank

Number of Employees


Location

  • Kentucky First Federal Bancorp
  • 655 Main Street
  • Hazard
  • Kentucky
  • 41702
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
KFFBNasdaqGM (Nasdaq Global Market)YesCommon StockUSUSDMar 2005

Biography

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. Its deposit products include passbook savings and certificate accounts, checking accounts, and individual retirement accounts. The company’s loan portfolio comprises one-to four-family residential mortgage loans; construction loans; mortgage loans secured by multi-family property; nonresidential loans that are secured by commercial office buildings, churches, and properties used for other purposes; commercial non-mortgage loans; and consumer loans, such as home equity lines of credit, loans secured by savings deposits, automobile loans, and unsecured or personal loans. In addition, it invests in mortgage-backed securities; and provides insurance products and services. It operates through seven banking offices. The company was incorporated in 2005 and is based in Hazard, Kentucky. Kentucky First Federal Bancorp is a subsidiary of First Federal Mutual Holding Company. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/21 00:16
End of Day Share Price2020/02/20 00:00
Earnings2019/12/31
Annual Earnings2019/06/30


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.