Kearny Financial Corp. (NASDAQ:KRNY)’s stock price was up 0.6% during trading on Wednesday . The stock traded as high as $8.54 and last traded at $8.58, approximately 22,285 shares were traded during trading. A decline of 97% from the average daily volume of 658,754 shares. The stock had previously closed at $8.53.
Several equities research analysts have recently commented on KRNY shares. Piper Sandler downgraded shares of Kearny Financial from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $15.50 to $14.00 in a research note on Friday, January 31st. TheStreet downgraded shares of Kearny Financial from a “b” rating to a “c+” rating in a research note on Friday, January 31st. Finally, BidaskClub downgraded shares of Kearny Financial from a “sell” rating to a “strong sell” rating in a research note on Wednesday, February 5th.
The company’s 50 day moving average price is $10.76 and its 200 day moving average price is $12.86. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.16. The firm has a market capitalization of $721.55 million, a price-to-earnings ratio of 18.27 and a beta of 0.50.
Kearny Financial (NASDAQ:KRNY) last posted its quarterly earnings data on Thursday, January 30th. The savings and loans company reported $0.13 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.13. Kearny Financial had a net margin of 16.78% and a return on equity of 3.91%. The business had revenue of $39.16 million during the quarter.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 18th. Investors of record on Wednesday, March 4th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Tuesday, March 3rd. This is an increase from Kearny Financial’s previous quarterly dividend of $0.07. This represents a $0.32 dividend on an annualized basis and a yield of 3.58%. Kearny Financial’s payout ratio is currently 68.09%.
In other Kearny Financial news, Director Catherine A. Lawton bought 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was bought at an average cost of $11.03 per share, for a total transaction of $110,300.00. Insiders own 4.57% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of KRNY. Norges Bank acquired a new position in Kearny Financial during the fourth quarter valued at $10,497,000. Bank of New York Mellon Corp lifted its position in Kearny Financial by 19.4% during the fourth quarter. Bank of New York Mellon Corp now owns 509,102 shares of the savings and loans company’s stock valued at $7,041,000 after purchasing an additional 82,765 shares during the period. Geode Capital Management LLC lifted its position in Kearny Financial by 4.1% during the fourth quarter. Geode Capital Management LLC now owns 1,119,007 shares of the savings and loans company’s stock valued at $15,475,000 after purchasing an additional 44,488 shares during the period. State Street Corp lifted its position in Kearny Financial by 2.2% during the fourth quarter. State Street Corp now owns 1,981,339 shares of the savings and loans company’s stock valued at $27,402,000 after purchasing an additional 42,871 shares during the period. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Kearny Financial during the fourth quarter valued at $557,000. Institutional investors own 65.93% of the company’s stock.
Kearny Financial Company Profile (NASDAQ:KRNY)
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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