Shares of Kearny Financial Corp. (NASDAQ:KRNY) have been given a consensus broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation.
Brokers have set a one year consensus target price of $12.50 for the company, according to Zacks. Zacks has also assigned Kearny Financial an industry rank of 166 out of 256 based on the ratings given to related companies.
Separately, BidaskClub lowered shares of Kearny Financial from a “sell” rating to a “strong sell” rating in a research report on Wednesday, June 26th.
Shares of KRNY stock traded up $0.22 during midday trading on Friday, reaching $13.29. 101,332 shares of the company traded hands, compared to its average volume of 280,722. The firm’s 50 day simple moving average is $12.91 and its two-hundred day simple moving average is $13.27. The firm has a market cap of $1.13 billion, a PE ratio of 26.88 and a beta of 0.46. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.14 and a quick ratio of 1.13. Kearny Financial has a 1-year low of $11.26 and a 1-year high of $14.24.
Kearny Financial (NASDAQ:KRNY) last released its quarterly earnings results on Tuesday, July 30th. The savings and loans company reported $0.11 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.12 by ($0.01). Kearny Financial had a return on equity of 3.69% and a net margin of 16.80%. The company had revenue of $40.53 million during the quarter.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 18th. Investors of record on Wednesday, September 4th will be issued a $0.06 dividend. The ex-dividend date is Tuesday, September 3rd. This represents a $0.24 annualized dividend and a yield of 1.81%.
In other news, Director John F. Regan sold 3,500 shares of Kearny Financial stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $12.38, for a total transaction of $43,330.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director John F. Regan sold 4,000 shares of the business’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $13.25, for a total transaction of $53,000.00. The disclosure for this sale can be found here. 3.62% of the stock is currently owned by corporate insiders.
Large investors have recently added to or reduced their stakes in the stock. Raymond James Trust N.A. grew its position in shares of Kearny Financial by 7.4% during the second quarter. Raymond James Trust N.A. now owns 17,287 shares of the savings and loans company’s stock worth $230,000 after buying an additional 1,188 shares in the last quarter. Creative Planning raised its position in shares of Kearny Financial by 6.7% during the 1st quarter. Creative Planning now owns 22,689 shares of the savings and loans company’s stock valued at $292,000 after acquiring an additional 1,429 shares in the last quarter. Paloma Partners Management Co lifted its stake in Kearny Financial by 10.4% during the second quarter. Paloma Partners Management Co now owns 28,285 shares of the savings and loans company’s stock worth $376,000 after purchasing an additional 2,674 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Kearny Financial by 13.5% during the second quarter. JPMorgan Chase & Co. now owns 31,113 shares of the savings and loans company’s stock worth $408,000 after purchasing an additional 3,693 shares during the last quarter. Finally, Quantamental Technologies LLC acquired a new position in Kearny Financial in the first quarter worth $56,000. Institutional investors and hedge funds own 65.73% of the company’s stock.
About Kearny Financial
Kearny Financial Corp. operates as the holding company for Kearny Bank that provides various banking products and services in the United States. The company offers various deposit products, including interest-bearing and non-interest-bearing checking accounts, money market deposit accounts, savings accounts, and certificates of deposit accounts.
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