Patrick M. Joyce Sells 4,000 Shares of Kearny Financial Corp. (NASDAQ:KRNY) Stock

Kearny Financial Corp. (NASDAQ:KRNY - Get Free Report) EVP Patrick M. Joyce sold 4,000 shares of the business's stock in a transaction on Monday, June 9th. The shares were sold at an average price of $6.13, for a total transaction of $24,520.00. Following the completion of the sale, the executive vice president now directly owns 50,622 shares in the company, valued at $310,312.86. This trade represents a 7.32% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Kearny Financial Trading Down 1.9%

KRNY stock traded down $0.12 during midday trading on Friday, hitting $6.24. 402,126 shares of the company's stock were exchanged, compared to its average volume of 377,198. Kearny Financial Corp. has a one year low of $5.32 and a one year high of $8.59. The stock's fifty day moving average price is $6.15 and its 200-day moving average price is $6.74. The company has a market cap of $402.98 million, a PE ratio of -5.52 and a beta of 0.70. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.04 and a current ratio of 1.04.

Kearny Financial (NASDAQ:KRNY - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The savings and loans company reported $0.11 earnings per share for the quarter, meeting the consensus estimate of $0.11. The company had revenue of $38.60 million during the quarter, compared to analysts' expectations of $38.71 million. Kearny Financial had a negative net margin of 20.05% and a positive return on equity of 3.31%.

Kearny Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 21st. Shareholders of record on Wednesday, May 7th were paid a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 7.05%. The ex-dividend date of this dividend was Wednesday, May 7th. Kearny Financial's payout ratio is -38.60%.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods lowered their price target on shares of Kearny Financial from $7.25 to $7.00 and set a "market perform" rating for the company in a report on Tuesday, April 29th.

Hedge Funds Weigh In On Kearny Financial

Several hedge funds have recently made changes to their positions in the business. Invesco Ltd. grew its position in Kearny Financial by 302.1% in the fourth quarter. Invesco Ltd. now owns 876,004 shares of the savings and loans company's stock valued at $6,202,000 after purchasing an additional 658,150 shares in the last quarter. Rhino Investment Partners Inc increased its position in shares of Kearny Financial by 294.7% in the fourth quarter. Rhino Investment Partners Inc now owns 599,283 shares of the savings and loans company's stock valued at $4,243,000 after acquiring an additional 447,447 shares during the last quarter. Fourthstone LLC raised its holdings in Kearny Financial by 439.2% during the fourth quarter. Fourthstone LLC now owns 377,431 shares of the savings and loans company's stock worth $2,672,000 after acquiring an additional 307,431 shares in the last quarter. Hotchkis & Wiley Capital Management LLC boosted its position in Kearny Financial by 25.0% during the first quarter. Hotchkis & Wiley Capital Management LLC now owns 1,278,390 shares of the savings and loans company's stock valued at $8,003,000 after purchasing an additional 255,460 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in Kearny Financial by 3.6% during the first quarter. Vanguard Group Inc. now owns 3,166,121 shares of the savings and loans company's stock valued at $19,820,000 after purchasing an additional 111,390 shares during the last quarter. 71.01% of the stock is owned by institutional investors.

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. It offers various deposit products, including interest-bearing and non-interest-bearing checking accounts, money market deposit accounts, savings accounts, and certificates of deposit accounts.