Kearny Financial Corp. (NASDAQ:KRNY) has received an average broker rating score of 3.00 (Hold) from the one analysts that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation.
Analysts have set a 12 month consensus price objective of $12.50 for the company, according to Zacks. Zacks has also assigned Kearny Financial an industry rank of 102 out of 256 based on the ratings given to its competitors.
Several research firms recently issued reports on KRNY. BidaskClub lowered Kearny Financial from a “buy” rating to a “hold” rating in a research report on Saturday, May 18th. Keefe, Bruyette & Woods upgraded Kearny Financial from an “underperform” rating to a “market perform” rating and raised their price target for the stock from $11.50 to $12.50 in a research report on Thursday, April 4th.
KRNY traded up $0.19 on Friday, hitting $13.87. 336,040 shares of the company were exchanged, compared to its average volume of 296,112. The stock’s fifty day moving average price is $13.44. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.15. Kearny Financial has a 12 month low of $11.26 and a 12 month high of $14.40. The company has a market capitalization of $1.29 billion, a PE ratio of 27.92 and a beta of 0.45.
Kearny Financial (NASDAQ:KRNY) last posted its quarterly earnings results on Monday, April 29th. The savings and loans company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.01. Kearny Financial had a return on equity of 3.69% and a net margin of 16.51%. The business had revenue of $42.31 million for the quarter.
The business also recently declared a quarterly dividend, which was paid on Wednesday, June 12th. Investors of record on Wednesday, May 29th were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Tuesday, May 28th. This represents a $0.24 annualized dividend and a yield of 1.73%.
In other news, CFO Keith Suchodolski sold 27,608 shares of Kearny Financial stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $13.92, for a total value of $384,303.36. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director John F. Regan sold 4,000 shares of Kearny Financial stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $13.25, for a total value of $53,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 38,108 shares of company stock worth $525,078. 3.62% of the stock is owned by corporate insiders.
Several hedge funds have recently modified their holdings of the company. Dimensional Fund Advisors LP grew its position in shares of Kearny Financial by 4.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 7,849,541 shares of the savings and loans company’s stock worth $100,631,000 after buying an additional 333,387 shares during the last quarter. Villere ST Denis J & Co. LLC grew its position in shares of Kearny Financial by 10.9% in the 1st quarter. Villere ST Denis J & Co. LLC now owns 5,098,048 shares of the savings and loans company’s stock worth $65,611,000 after buying an additional 501,796 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Kearny Financial by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 1,122,367 shares of the savings and loans company’s stock worth $14,388,000 after buying an additional 7,391 shares during the last quarter. Victory Capital Management Inc. grew its position in shares of Kearny Financial by 22.3% in the 1st quarter. Victory Capital Management Inc. now owns 1,044,518 shares of the savings and loans company’s stock worth $13,443,000 after buying an additional 190,648 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Kearny Financial in the 4th quarter worth approximately $9,731,000. Hedge funds and other institutional investors own 63.18% of the company’s stock.
Kearny Financial Company Profile
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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