Insider Buying: Kearny Financial (NASDAQ:KRNY) Director Acquires $41,328.00 in Stock

Kearny Financial (NASDAQ:KRNYGet Free Report) Director Curtland Fields acquired 4,800 shares of Kearny Financial stock in a transaction on Wednesday, June 10th. The shares were bought at an average cost of $8.61 per share, with a total value of $41,328.00. Following the completion of the transaction, the director owned 29,700 shares of the company’s stock, valued at approximately $255,717. This trade represents a 19.28% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Kearny Financial Trading Up 1.5%

KRNY stock opened at $8.79 on Friday. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.03 and a quick ratio of 1.03. The company has a fifty day moving average price of $8.10 and a two-hundred day moving average price of $7.79. Kearny Financial has a one year low of $5.76 and a one year high of $8.80. The stock has a market cap of $569.06 million, a price-to-earnings ratio of 15.42 and a beta of 0.66.

Kearny Financial (NASDAQ:KRNYGet Free Report) last released its quarterly earnings data on Thursday, April 23rd. The savings and loans company reported $0.15 EPS for the quarter, hitting analysts’ consensus estimates of $0.15. Kearny Financial had a net margin of 10.39% and a return on equity of 4.61%. The firm had revenue of $44.31 million during the quarter, compared to analysts’ expectations of $43.67 million. Equities analysts anticipate that Kearny Financial will post 0.61 EPS for the current year.

Kearny Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 20th. Shareholders of record on Wednesday, May 6th were given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date of this dividend was Wednesday, May 6th. Kearny Financial’s payout ratio is 77.19%.

Analysts Set New Price Targets

KRNY has been the subject of a number of research analyst reports. Zacks Research raised shares of Kearny Financial to a “hold” rating in a research report on Monday, April 27th. Weiss Ratings cut shares of Kearny Financial from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday. Finally, Piper Sandler began coverage on shares of Kearny Financial in a research report on Monday, April 27th. They issued an “overweight” rating and a $9.50 target price for the company. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $9.50.

View Our Latest Stock Report on KRNY

Institutional Investors Weigh In On Kearny Financial

Institutional investors have recently modified their holdings of the business. EverSource Wealth Advisors LLC raised its stake in Kearny Financial by 103.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 3,448 shares of the savings and loans company’s stock valued at $26,000 after purchasing an additional 1,753 shares in the last quarter. Osaic Holdings Inc. raised its stake in Kearny Financial by 11,688.6% in the second quarter. Osaic Holdings Inc. now owns 4,126 shares of the savings and loans company’s stock valued at $27,000 after purchasing an additional 4,091 shares in the last quarter. CANADA LIFE ASSURANCE Co raised its stake in Kearny Financial by 35.6% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 6,118 shares of the savings and loans company’s stock valued at $45,000 after purchasing an additional 1,605 shares in the last quarter. Parallel Advisors LLC raised its stake in Kearny Financial by 119.5% in the first quarter. Parallel Advisors LLC now owns 7,248 shares of the savings and loans company’s stock valued at $55,000 after purchasing an additional 3,946 shares in the last quarter. Finally, New York State Common Retirement Fund raised its stake in Kearny Financial by 59.4% in the fourth quarter. New York State Common Retirement Fund now owns 8,585 shares of the savings and loans company’s stock valued at $64,000 after purchasing an additional 3,200 shares in the last quarter. Institutional investors own 71.01% of the company’s stock.

About Kearny Financial

(Get Free Report)

Kearny Financial, Inc was the bank holding company for Kearny Bank, a New Jersey–based community bank offering a full suite of commercial and consumer banking services. Through its subsidiary, the company provided deposit products, lending facilities and electronic banking solutions to individuals, small businesses and middle-market corporations.

The company’s core products included checking and savings accounts, certificates of deposit, residential and commercial real estate loans, construction financing, equipment financing, home equity lines of credit and consumer installment loans.

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Insider Buying and Selling by Quarter for Kearny Financial (NASDAQ:KRNY)

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