Kearny Financial (NASDAQ:KRNY – Get Free Report) declared a quarterly dividend on Wednesday, October 21st. Stockholders of record on Wednesday, November 4th will be given a dividend of $0.11 per share by the savings and loans company on Wednesday, November 18th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date is Wednesday, November 4th.
Kearny Financial has a payout ratio of 55.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect Kearny Financial to earn $1.00 per share next year, which means the company should continue to be able to cover its $0.44 annual dividend with an expected future payout ratio of 44.0%.
Kearny Financial Price Performance
Kearny Financial stock opened at $9.27 on Friday. Kearny Financial has a one year low of $6.22 and a one year high of $10.23. The business has a fifty day moving average price of $9.51 and a 200-day moving average price of $8.98. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.05 and a quick ratio of 1.05. The firm has a market capitalization of $601.90 million, a P/E ratio of 16.26 and a beta of 0.65.
Kearny Financial (NASDAQ:KRNY – Get Free Report) last released its quarterly earnings data on Thursday, October 22nd. The savings and loans company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.01). The company had revenue of $45.28 million for the quarter, compared to the consensus estimate of $46.97 million. Kearny Financial had a net margin of 10.45% and a return on equity of 4.90%. As a group, equities research analysts forecast that Kearny Financial will post 0.79 EPS for the current year.
About Kearny Financial
Kearny Financial Corp. is the holding company for Kearny Bank, a community-focused financial institution headquartered in Fairfield, New Jersey. The bank provides a range of banking and financial services to individuals, families, businesses and nonprofit organizations.
Kearny Bank’s products and services include checking and savings accounts, certificates of deposit, residential mortgages, home equity loans and lines of credit, commercial real estate financing, business loans, construction loans and consumer lending.
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