Kearny Financial (NASDAQ:KRNY - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Thursday following a better than expected earnings announcement. The stock has a 200-day moving average of $6.51 and traded as high as $6.54. Kearny Financial shares last traded at $6.17, with a volume of 858,794 shares changing hands.
The savings and loans company reported $0.11 EPS for the quarter, missing analysts' consensus estimates of $0.13 by ($0.02). Kearny Financial had a net margin of 7.59% and a return on equity of 3.49%. The firm had revenue of $40.83 million during the quarter, compared to analysts' expectations of $41.16 million.
Kearny Financial Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 26th. Shareholders of record on Tuesday, August 12th will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 7.08%. The ex-dividend date of this dividend is Tuesday, August 12th. Kearny Financial's payout ratio is currently 104.76%.
Wall Street Analyst Weigh In
Separately, Keefe, Bruyette & Woods dropped their target price on Kearny Financial from $7.25 to $7.00 and set a "market perform" rating on the stock in a report on Tuesday, April 29th.
Read Our Latest Research Report on Kearny Financial
Institutional Investors Weigh In On Kearny Financial
Hedge funds have recently modified their holdings of the company. Quantbot Technologies LP raised its holdings in Kearny Financial by 13.1% in the fourth quarter. Quantbot Technologies LP now owns 12,784 shares of the savings and loans company's stock valued at $91,000 after buying an additional 1,476 shares during the period. Aigen Investment Management LP raised its holdings in Kearny Financial by 11.1% in the first quarter. Aigen Investment Management LP now owns 18,012 shares of the savings and loans company's stock valued at $113,000 after buying an additional 1,803 shares during the period. Jacobs Levy Equity Management Inc. raised its holdings in Kearny Financial by 0.3% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 566,426 shares of the savings and loans company's stock valued at $4,010,000 after buying an additional 1,854 shares during the period. First Trust Advisors LP raised its holdings in Kearny Financial by 6.8% in the fourth quarter. First Trust Advisors LP now owns 41,710 shares of the savings and loans company's stock valued at $295,000 after buying an additional 2,640 shares during the period. Finally, GAMMA Investing LLC raised its holdings in Kearny Financial by 119.6% in the first quarter. GAMMA Investing LLC now owns 6,355 shares of the savings and loans company's stock valued at $40,000 after buying an additional 3,461 shares during the period. 71.01% of the stock is owned by institutional investors and hedge funds.
Kearny Financial Price Performance
The company's fifty day moving average is $6.33 and its 200 day moving average is $6.49. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.65. The stock has a market cap of $401.36 million, a PE ratio of 14.77 and a beta of 0.72.
About Kearny Financial
(
Get Free Report)
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.
Recommended Stories
Before you consider Kearny Financial, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Kearny Financial wasn't on the list.
While Kearny Financial currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
MarketBeat All Access