Kearny Financial Corp. (NASDAQ:KRNY) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $12.26 and last traded at $12.50, with a volume of 427167 shares. The stock had previously closed at $12.62.
Separately, BidaskClub upgraded Kearny Financial from a “sell” rating to a “hold” rating in a research note on Monday, September 24th.
The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 1.15. The company has a market capitalization of $1.22 billion, a PE ratio of 33.21 and a beta of 0.61.
Kearny Financial (NASDAQ:KRNY) last issued its quarterly earnings results on Tuesday, October 30th. The savings and loans company reported $0.12 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.12. Kearny Financial had a return on equity of 2.97% and a net margin of 12.42%. The business had revenue of $43.36 million during the quarter.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 12th. Stockholders of record on Wednesday, November 28th will be given a dividend of $0.05 per share. This is a positive change from Kearny Financial’s previous quarterly dividend of $0.04. The ex-dividend date is Tuesday, November 27th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.60%.
Institutional investors have recently modified their holdings of the company. Millennium Management LLC grew its position in shares of Kearny Financial by 28.3% during the second quarter. Millennium Management LLC now owns 644,898 shares of the savings and loans company’s stock valued at $8,674,000 after purchasing an additional 142,394 shares in the last quarter. MetLife Investment Advisors LLC grew its position in shares of Kearny Financial by 35.3% during the second quarter. MetLife Investment Advisors LLC now owns 49,739 shares of the savings and loans company’s stock valued at $669,000 after purchasing an additional 12,979 shares in the last quarter. Aperio Group LLC purchased a new position in shares of Kearny Financial during the second quarter valued at about $564,000. US Bancorp DE purchased a new position in shares of Kearny Financial during the second quarter valued at about $126,000. Finally, Shepherd Kaplan Krochuk LLC grew its position in shares of Kearny Financial by 16.2% during the second quarter. Shepherd Kaplan Krochuk LLC now owns 66,197 shares of the savings and loans company’s stock valued at $890,000 after purchasing an additional 9,248 shares in the last quarter. Hedge funds and other institutional investors own 66.00% of the company’s stock.
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About Kearny Financial (NASDAQ:KRNY)
Kearny Financial Corp. operates as the holding company for Kearny Bank that provides various banking products and services in the United States. The company offers various deposit products, including interest-bearing and non-interest-bearing checking accounts, money market deposit accounts, savings accounts, and certificates of deposit accounts.
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