Kearny Financial (NASDAQ:KRNY – Get Free Report) EVP Patrick Joyce sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $8.46, for a total transaction of $21,150.00. Following the completion of the transaction, the executive vice president directly owned 51,865 shares of the company’s stock, valued at $438,777.90. This represents a 4.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Kearny Financial Stock Performance
Shares of KRNY stock opened at $8.64 on Thursday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.39. Kearny Financial has a 52 week low of $5.76 and a 52 week high of $8.67. The stock has a market capitalization of $559.35 million, a PE ratio of 15.16 and a beta of 0.66. The firm has a 50 day moving average of $8.06 and a two-hundred day moving average of $7.77.
Kearny Financial (NASDAQ:KRNY – Get Free Report) last issued its quarterly earnings results on Thursday, April 23rd. The savings and loans company reported $0.15 EPS for the quarter, meeting the consensus estimate of $0.15. Kearny Financial had a net margin of 10.39% and a return on equity of 4.61%. The company had revenue of $44.31 million during the quarter, compared to analysts’ expectations of $43.67 million. On average, research analysts predict that Kearny Financial will post 0.61 EPS for the current fiscal year.
Kearny Financial Announces Dividend
Analyst Ratings Changes
A number of equities research analysts have recently commented on KRNY shares. Zacks Research raised shares of Kearny Financial to a “hold” rating in a report on Monday, April 27th. Weiss Ratings raised shares of Kearny Financial from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, May 26th. Finally, Piper Sandler started coverage on shares of Kearny Financial in a report on Monday, April 27th. They issued an “overweight” rating and a $9.50 target price for the company. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $9.50.
View Our Latest Analysis on KRNY
Institutional Investors Weigh In On Kearny Financial
Large investors have recently modified their holdings of the stock. CANADA LIFE ASSURANCE Co raised its holdings in Kearny Financial by 35.6% during the fourth 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 in the last quarter. Russell Investments Group Ltd. raised its holdings in Kearny Financial by 15.6% during the fourth quarter. Russell Investments Group Ltd. now owns 11,930 shares of the savings and loans company’s stock worth $88,000 after purchasing an additional 1,610 shares in the last quarter. First Trust Advisors LP raised its holdings in Kearny Financial by 4.1% during the second quarter. First Trust Advisors LP now owns 42,765 shares of the savings and loans company’s stock worth $276,000 after purchasing an additional 1,668 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in 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 purchasing an additional 1,753 shares in the last quarter. Finally, Quantinno Capital Management LP raised its holdings in Kearny Financial by 4.1% during the second quarter. Quantinno Capital Management LP now owns 47,259 shares of the savings and loans company’s stock worth $305,000 after purchasing an additional 1,865 shares in the last quarter. Hedge funds and other institutional investors own 71.01% of the company’s stock.
About Kearny Financial
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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