Kearny Financial (NASDAQ:KRNY – Get Free Report) Director Curtland Fields bought 14,700 shares of the firm’s stock in a transaction that occurred on Monday, July 27th. The stock was acquired at an average cost of $9.41 per share, with a total value of $138,327.00. Following the transaction, the director owned 57,900 shares of the company’s stock, valued at $544,839. This represents a 34.03% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Kearny Financial Stock Up 2.1%
NASDAQ:KRNY traded up $0.20 on Tuesday, hitting $9.64. 349,951 shares of the company’s stock were exchanged, compared to its average volume of 418,169. The company has a market cap of $624.42 million, a P/E ratio of 16.92 and a beta of 0.64. The firm has a 50-day moving average price of $8.84 and a 200-day moving average price of $8.18. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.03 and a quick ratio of 1.03. Kearny Financial has a 52 week low of $5.76 and a 52 week high of $9.76.
Kearny Financial (NASDAQ:KRNY – Get Free Report) last released its earnings results on Thursday, July 23rd. The savings and loans company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.02). The company had revenue of $45.69 million for the quarter, compared to the consensus estimate of $45.61 million. Kearny Financial had a return on equity of 4.92% and a net margin of 10.45%. As a group, analysts expect that Kearny Financial will post 0.8 EPS for the current fiscal year.
Kearny Financial Dividend Announcement
Institutional Investors Weigh In On Kearny Financial
Several hedge funds have recently bought and sold shares of KRNY. EverSource Wealth Advisors LLC boosted its holdings in shares of Kearny Financial by 103.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 3,448 shares of the savings and loans company’s stock worth $26,000 after acquiring an additional 1,753 shares during the period. Osaic Holdings Inc. lifted its holdings in Kearny Financial by 11,688.6% during the 2nd quarter. Osaic Holdings Inc. now owns 4,126 shares of the savings and loans company’s stock worth $27,000 after purchasing an additional 4,091 shares during the last quarter. CANADA LIFE ASSURANCE Co lifted its holdings in Kearny Financial by 35.6% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 6,118 shares of the savings and loans company’s stock worth $45,000 after purchasing an additional 1,605 shares during the last quarter. Parallel Advisors LLC boosted its stake in Kearny Financial by 119.5% in the 1st 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 during the period. Finally, New York State Common Retirement Fund grew its holdings in Kearny Financial by 59.4% in the 4th 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 buying an additional 3,200 shares in the last quarter. 71.01% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
KRNY has been the subject of a number of analyst reports. Piper Sandler lifted their price objective on shares of Kearny Financial from $9.50 to $10.50 and gave the company an “overweight” rating in a research report on Thursday, June 25th. Zacks Research upgraded Kearny Financial to a “hold” rating in a report on Monday, April 27th. Finally, Weiss Ratings downgraded Kearny Financial from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, July 14th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $10.50.
Get Our Latest Analysis on Kearny Financial
Kearny Financial Company Profile
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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