Equities Analysts Offer Predictions for KRNY Q1 Earnings

Kearny Financial (NASDAQ:KRNY - Free Report) - Equities researchers at Keefe, Bruyette & Woods issued their Q1 2027 earnings per share (EPS) estimates for Kearny Financial in a research note issued on Monday, October 12th. Keefe, Bruyette & Woods analyst C. O'connell anticipates that the savings and loans company will post earnings of $0.17 per share for the quarter. The consensus estimate for Kearny Financial's current full-year earnings is $0.79 per share.

Kearny Financial (NASDAQ:KRNY - Get Free Report) last announced its earnings results on Thursday, July 23rd. The savings and loans company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.02). Kearny Financial had a return on equity of 4.90% and a net margin of 10.45%. The business had revenue of $45.69 million for the quarter, compared to the consensus estimate of $45.61 million.

A number of other equities research analysts have also commented on KRNY. Weiss Ratings raised shares of Kearny Financial from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday, August 24th. Piper Sandler boosted their target price on shares of Kearny Financial from $9.50 to $10.50 and gave the stock an "overweight" rating in a research note on Thursday, June 25th. Finally, Raymond James Financial initiated coverage on shares of Kearny Financial in a research note on Wednesday, August 26th. They issued an "outperform" rating and a $11.00 target price for the company. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $10.75.

Kearny Financial Stock Performance

Kearny Financial stock opened at $9.06 on Wednesday. The stock has a 50-day simple moving average of $9.59 and a 200 day simple moving average of $8.90. The stock has a market capitalization of $588.27 million, a price-to-earnings ratio of 15.90 and a beta of 0.65. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.50. Kearny Financial has a 12-month low of $6.22 and a 12-month high of $10.23.

Kearny Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 26th. Stockholders of record on Wednesday, August 12th were paid a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 4.9%. The ex-dividend date of this dividend was Wednesday, August 12th. Kearny Financial's dividend payout ratio (DPR) is 77.19%.

Insider Activity

In other Kearny Financial news, Director Curtland E. Fields purchased 14,700 shares of the company's stock in a transaction that occurred on Monday, July 27th. The stock was acquired at an average cost of $9.41 per share, with a total value of $138,327.00. Following the completion of the purchase, the director directly owned 57,900 shares in the company, valued at approximately $544,839. This represents a 34.03% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Leopold Montanaro purchased 4,773 shares of the company's stock in a transaction that occurred on Monday, August 10th. The shares were acquired at an average cost of $9.46 per share, with a total value of $45,152.58. Following the completion of the purchase, the director owned 270,000 shares of the company's stock, valued at $2,554,200. The trade was a 1.80% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought a total of 21,033 shares of company stock worth $198,502 in the last ninety days. Insiders own 7.68% of the company's stock.

Hedge Funds Weigh In On Kearny Financial

A number of hedge funds and other institutional investors have recently bought and sold shares of KRNY. BlackRock Inc. acquired a new stake in Kearny Financial during the 2nd quarter worth $84,461,000. Arrowstreet Capital Limited Partnership lifted its stake in shares of Kearny Financial by 6.0% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,437,222 shares of the savings and loans company's stock valued at $10,851,000 after purchasing an additional 81,050 shares during the period. Bank of New York Mellon Corp acquired a new position in shares of Kearny Financial in the 2nd quarter valued at $3,685,000. Algert Global LLC boosted its position in shares of Kearny Financial by 59.2% in the 2nd quarter. Algert Global LLC now owns 370,979 shares of the savings and loans company's stock worth $3,509,000 after purchasing an additional 137,933 shares during the last quarter. Finally, Hennessy Advisors Inc. boosted its position in shares of Kearny Financial by 16.0% in the 2nd quarter. Hennessy Advisors Inc. now owns 290,000 shares of the savings and loans company's stock worth $2,743,000 after purchasing an additional 40,000 shares during the last quarter. 71.01% of the stock is owned by institutional investors.

About Kearny Financial

Kearny Financial Corp. is the holding company for Kearny Bank, a community-oriented savings bank serving customers in northern and central New Jersey and parts of New York. The bank provides traditional retail and commercial banking services through branch locations and digital banking channels.

Kearny Bank's products and services include checking and savings accounts, certificates of deposit, residential mortgages, home equity loans, commercial real estate financing, construction loans, business loans and consumer lending.

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