Kearny Financial (KRNY) Reaches New 52-Week Low at $12.26

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.

ILLEGAL ACTIVITY NOTICE: “Kearny Financial (KRNY) Reaches New 52-Week Low at $12.26” was originally posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this news story on another domain, it was stolen and republished in violation of U.S. and international copyright laws. The original version of this news story can be accessed at https://www.dispatchtribunal.com/2018/12/07/kearny-financial-krny-reaches-new-52-week-low-at-12-26.html.

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.

Featured Story: Retained Earnings

Receive News & Ratings for Kearny Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kearny Financial and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply