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

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

Kearny Financial Price Performance

NASDAQ KRNY traded up $0.11 on Wednesday, hitting $6.38. 348,896 shares of the company's stock were exchanged, compared to its average volume of 378,668. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.69. Kearny Financial Corp. has a 52 week low of $5.32 and a 52 week high of $8.59. The stock has a market cap of $412.02 million, a price-to-earnings ratio of -5.65 and a beta of 0.70. The stock has a 50-day moving average of $6.12 and a 200-day moving average of $6.76.

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

Kearny Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 21st. Stockholders of record on Wednesday, May 7th were paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 6.90%. The ex-dividend date of this dividend was Wednesday, May 7th. Kearny Financial's payout ratio is currently -38.60%.

Institutional Investors Weigh In On Kearny Financial

Institutional investors have recently made changes to their positions in the stock. Quarry LP acquired a new stake in shares of Kearny Financial during the fourth quarter worth $28,000. GAMMA Investing LLC increased its stake in Kearny Financial by 119.6% during the 1st quarter. GAMMA Investing LLC now owns 6,355 shares of the savings and loans company's stock valued at $40,000 after purchasing an additional 3,461 shares in the last quarter. State of Wyoming bought a new position in Kearny Financial in the 1st quarter valued at about $49,000. Entropy Technologies LP purchased a new position in shares of Kearny Financial during the first quarter valued at approximately $68,000. Finally, Ieq Capital LLC purchased a new stake in shares of Kearny Financial in the fourth quarter valued at about $73,000. Institutional investors own 71.01% of the company's stock.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods reduced their price objective on shares of Kearny Financial from $7.25 to $7.00 and set a "market perform" rating on the stock in a research note on Tuesday, April 29th.

About Kearny Financial

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.