Keefe, Bruyette & Woods restated their sell rating on shares of Kearny Financial (NASDAQ:KRNY) in a research note issued to investors on Friday morning. The brokerage currently has a $13.50 target price on the savings and loans company’s stock.
Separately, BidaskClub raised Kearny Financial from a strong sell rating to a sell rating in a research report on Wednesday, January 31st.
Shares of Kearny Financial (NASDAQ KRNY) opened at $13.05 on Friday. Kearny Financial has a 12 month low of $13.00 and a 12 month high of $15.80. The company has a market capitalization of $1,070.00, a price-to-earnings ratio of 54.38 and a beta of 0.48. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.80.
Kearny Financial (NASDAQ:KRNY) last released its earnings results on Tuesday, January 30th. The savings and loans company reported $0.06 EPS for the quarter, hitting analysts’ consensus estimates of $0.06. Kearny Financial had a return on equity of 1.77% and a net margin of 9.40%. The firm had revenue of $30.10 million for the quarter.
In related news, Director Theodore J. Aanensen sold 3,500 shares of the stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $14.49, for a total transaction of $50,715.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Matthew T. Mcclane sold 13,804 shares of the stock in a transaction on Friday, November 17th. The shares were sold at an average price of $14.42, for a total value of $199,053.68. The disclosure for this sale can be found here. Insiders have sold 19,804 shares of company stock worth $286,334 over the last ninety days. 3.78% of the stock is currently owned by insiders.
Several institutional investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC bought a new position in Kearny Financial in the third quarter valued at about $304,000. Legal & General Group Plc lifted its holdings in Kearny Financial by 46.6% in the second quarter. Legal & General Group Plc now owns 30,720 shares of the savings and loans company’s stock valued at $456,000 after acquiring an additional 9,765 shares during the period. Janus Henderson Group PLC bought a new position in Kearny Financial in the second quarter valued at about $587,000. Citadel Advisors LLC lifted its holdings in Kearny Financial by 142.7% in the third quarter. Citadel Advisors LLC now owns 38,557 shares of the savings and loans company’s stock valued at $592,000 after acquiring an additional 22,673 shares during the period. Finally, Voya Investment Management LLC lifted its holdings in Kearny Financial by 10.3% in the second quarter. Voya Investment Management LLC now owns 40,946 shares of the savings and loans company’s stock valued at $608,000 after acquiring an additional 3,811 shares during the period. 63.62% of the stock is currently owned by institutional investors.
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Kearny Financial Company Profile
Kearny Bank is principally engaged in the business of attracting deposits from the general public at its 41 locations in New Jersey and using these deposits, together with other funds, to originate or purchase loans for its portfolio and invest in securities. Loans originated or purchased by the Bank generally include loans collateralized by residential and commercial real estate augmented by secured and unsecured loans to businesses and consumers.
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