Kearny Financial (NASDAQ:KRNY - Get Free Report) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $6.56 and traded as high as $6.99. Kearny Financial shares last traded at $6.95, with a volume of 159,538 shares trading hands.
Analysts Set New Price Targets
Separately, Keefe, Bruyette & Woods lowered 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.
Get Our Latest Stock Analysis on KRNY
Kearny Financial Stock Down 1.6%
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 firm has a market cap of $441.73 million, a price-to-earnings ratio of -6.00 and a beta of 0.72. The stock's 50 day moving average is $6.29 and its 200 day moving average is $6.54.
Kearny Financial (NASDAQ:KRNY - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The savings and loans company reported $0.11 EPS for the quarter, meeting analysts' consensus estimates of $0.11. Kearny Financial had a negative net margin of 20.40% and a positive return on equity of 3.32%. The business had revenue of $38.60 million for the quarter, compared to analyst estimates of $38.71 million.
Kearny Financial Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 21st. Investors of record on Wednesday, May 7th were issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 6.43%. The ex-dividend date of this dividend was Wednesday, May 7th. Kearny Financial's payout ratio is -38.60%.
Institutional Trading of Kearny Financial
Large investors have recently added to or reduced their stakes in the business. Quarry LP bought a new stake in Kearny Financial during the fourth quarter worth approximately $28,000. GAMMA Investing LLC boosted its holdings in Kearny Financial by 119.6% during the first quarter. GAMMA Investing LLC now owns 6,355 shares of the savings and loans company's stock worth $40,000 after buying an additional 3,461 shares in the last quarter. State of Wyoming bought a new stake in Kearny Financial during the first quarter worth approximately $49,000. Entropy Technologies LP bought a new stake in Kearny Financial during the first quarter worth approximately $68,000. Finally, TIAA Trust National Association bought a new stake in Kearny Financial during the first quarter worth approximately $78,000. 71.01% of the stock is currently owned by institutional investors.
Kearny Financial Company Profile
(
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.
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