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

Fundamentals

Mediocre balance sheet with moderate growth potential.

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


Market Performance


7 Day Return

-1.4%

KFFB

2.6%

US Mortgage

1.0%

US Market


1 Year Return

-8.1%

KFFB

18.4%

US Mortgage

8.0%

US Market

Return vs Industry: KFFB underperformed the US Mortgage industry which returned 18.4% over the past year.

Return vs Market: KFFB underperformed the US Market which returned 8% over the past year.


Shareholder returns

KFFBIndustryMarket
7 Day-1.4%2.6%1.0%
30 Day-8.5%2.0%-0.07%
90 Day-4.9%4.5%-1.0%
1 Year-3.2%-8.1%20.9%18.4%10.4%8.0%
3 Year3.2%-10.3%42.3%32.6%46.2%36.7%
5 Year11.2%-12.0%74.3%55.5%64.3%46.2%

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?

74.68x

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 (74.7x) compared to the Mortgage industry average (14.3x).

PE vs Market: KFFB is poor value based on its PE Ratio (74.7x) compared to the US market (17.6x).


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 (0.9x) 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?

28.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: KFFB's forecast earnings growth (28.2% per year) is above the savings rate (2.7%).

Earnings vs Market: KFFB's earnings (28.2% per year) are forecast to grow faster than the US market (14.5% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: Insufficient data to determine if KFFB's revenue is forecast to grow faster than the US market.

High Growth Revenue: Insufficient data to determine if KFFB's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if KFFB's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

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

-19.7%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: KFFB's earnings have declined by -19.7% per year over the past 5 years.

Accelerating Growth: KFFB's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: KFFB had negative earnings growth (-38.6%) over the past year, making it difficult to compare to the Mortgage industry average (30.7%).


Return on Equity

High ROE: KFFB's Return on Equity (1.2%) is considered low.


Return on Assets

ROA vs Industry: KFFB's Return on Assets is below or equal to the Mortgage industry average last year.


Return on Capital Employed

ROCE Improving: Insufficient data to calculate KFFB's Return on Capital Employed to determine if it has improved over the past 3 years.


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 (2.79%)


Next Steps

Dividend

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

5.50%

Current Dividend Yield


Upcoming Dividend Payment

Purchase Kentucky First Federal Bancorp before the 'Buy Limit' to receive their next dividend payment.


Dividend Yield vs Market

company5.5%marketbottom25%1.4%markettop25%3.7%industryaverage2.7%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: KFFB's dividend (5.5%) is higher than the bottom 25% of dividend payers in the US market (1.44%).

High Dividend: KFFB's dividend (5.5%) is in the top 25% of dividend payers in the US market (3.68%)

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 (410.6%), 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

What is the CEO of Kentucky First Federal Bancorp's salary, the management and board of directors tenure and is there insider trading?

6.8yrs

Average management tenure


CEO

Don Jennings (54yo)

6.8yrs

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 ($USD206.86K) is about average for companies of similar size in the US market ($USD509.77K).

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


Management Age and Tenure

6.8yrs

Average Tenure

54yo

Average Age

Experienced Management: KFFB's management team is seasoned and experienced (6.8 years average tenure).


Board Age and Tenure

14.6yrs

Average Tenure

65yo

Average Age

Experienced Board: KFFB's board of directors are seasoned and experienced ( 14.6 years average tenure).


Insider Trading

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


Recent Insider Transactions

BuyUS$46,44023 Sep 19
Don Jennings
EntityIndividual
Role
Chief Executive Officer
President
Shares6,000
Max PriceUS$7.74
BuyUS$11,62610 Sep 19
Tony Whitaker
EntityIndividual
Role
Chairman of the Board
Chairman of the Board
Shares1,550
Max PriceUS$7.52

Ownership Breakdown


Management Team

  • Don Jennings (54yo)

    President

    • Tenure: 6.8yrs
    • Compensation: US$206.86k
  • R. Hulette (57yo)

    VP, Treasurer & CFO

    • Tenure: 14.6yrs
    • Compensation: US$186.56k
  • Teresa A. Hulette

    Executive Vice President of First Federal Savings Bank of Kentucky

    • Tenure: 0yrs
  • Yvonne Thornberry

    VP and Head of Loan Processing & Servicing - First Federal Savings Bank of Kentucky

    • Tenure: 0yrs
  • Stacey Greenawalt

    VP & Head of Residential Lending - First Federal Savings Bank of Kentucky

    • Tenure: 0yrs
  • Debbie Bersaglia

    VP, AVP for Lending & Secretary of First Federal Savings & Loan Association of Hazard

    • Tenure: 0yrs
  • Jaime Coffey (40yo)

    President & CEO of First Federal of Hazard

    • Tenure: 0.8yrs
  • Margaret Pelley

    VP & Head Teller - First Federal Savings & Loan Association of Hazard

    • Tenure: 0yrs
  • Wick Asbury

    Head of Lending - First Federal Savings Bank and Vice President of First Federal Saving Bank

    • Tenure: 0yrs
  • Lee Hockensmith

    Secretary

    • Tenure: 0yrs

Board Members

  • Don Jennings (54yo)

    President

    • Tenure: 6.8yrs
    • Compensation: US$206.86k
  • Bill Johnson (68yo)

    Director

    • Tenure: 6.8yrs
    • Compensation: US$148.98k
  • C. Davenport (60yo)

    Independent Director

    • Tenure: 4.2yrs
    • Compensation: US$18.00k
  • Russell Brooks (68yo)

    VP, CFO & Director - First Federal Savings Bank of Kentucky

    • Tenure: 0yrs
  • Virginia R. Stump (63yo)

    VP, Lancaster Branch Manager & Director - First Federal Savings Bank of Kentucky

    • Tenure: 0yrs
  • David Harrod (60yo)

    Independent Director

    • Tenure: 14.6yrs
    • Compensation: US$18.00k
  • Tony Whitaker (73yo)

    Chairman of the Board

    • Tenure: 14.6yrs
    • Compensation: US$11.20k
  • Walt Ecton (65yo)

    Independent Director

    • Tenure: 14.6yrs
    • Compensation: US$18.40k
  • Stephen Barker (65yo)

    Independent Director

    • Tenure: 14.6yrs
    • Compensation: US$18.40k
  • William Gorman (70yo)

    Independent Director

    • Tenure: 8.8yrs
    • Compensation: US$18.40k

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$60.452m
  • Shares outstanding: 8.31m
  • 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 ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/21 23:54
End of Day Share Price2019/10/21 00:00
Earnings2019/06/30
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.