Shares of Kearny Financial (NASDAQ:KRNY - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $6.30 and traded as high as $6.64. Kearny Financial shares last traded at $6.56, with a volume of 433,833 shares changing hands.
Kearny Financial Price Performance
The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.71. The firm has a fifty day moving average of $6.36 and a two-hundred day moving average of $6.30. The company has a market capitalization of $424.76 million, a PE ratio of 15.62 and a beta of 0.75.
Kearny Financial (NASDAQ:KRNY - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The savings and loans company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.02). Kearny Financial had a return on equity of 3.49% and a net margin of 7.59%.The business had revenue of $40.83 million during the quarter, compared to analysts' expectations of $41.16 million.
Kearny Financial Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 26th. Shareholders of record on Tuesday, August 12th were issued a $0.11 dividend. The ex-dividend date was Tuesday, August 12th. This represents a $0.44 annualized dividend and a yield of 6.7%. Kearny Financial's dividend payout ratio (DPR) is 104.76%.
Insiders Place Their Bets
In other Kearny Financial news, Director Leopold W. Montanaro acquired 10,000 shares of the company's stock in a transaction on Friday, September 19th. The stock was acquired at an average price of $6.57 per share, for a total transaction of $65,700.00. Following the acquisition, the director owned 265,227 shares in the company, valued at $1,742,541.39. This represents a 3.92% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 7.44% of the company's stock.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in the company. Osaic Holdings Inc. lifted its stake in shares of Kearny Financial by 11,688.6% in the 2nd quarter. Osaic Holdings Inc. now owns 4,126 shares of the savings and loans company's stock valued at $27,000 after purchasing an additional 4,091 shares during the period. Thrivent Financial for Lutherans increased its position in Kearny Financial by 12.2% during the 2nd quarter. Thrivent Financial for Lutherans now owns 134,216 shares of the savings and loans company's stock valued at $867,000 after buying an additional 14,631 shares in the last quarter. State of Wyoming increased its position in Kearny Financial by 249.4% during the 2nd quarter. State of Wyoming now owns 27,376 shares of the savings and loans company's stock valued at $177,000 after buying an additional 19,541 shares in the last quarter. Evergreen Capital Management LLC increased its position in Kearny Financial by 188.5% during the 2nd quarter. Evergreen Capital Management LLC now owns 29,867 shares of the savings and loans company's stock valued at $193,000 after buying an additional 19,514 shares in the last quarter. Finally, Bridgeway Capital Management LLC increased its position in Kearny Financial by 6.5% during the 2nd quarter. Bridgeway Capital Management LLC now owns 284,958 shares of the savings and loans company's stock valued at $1,841,000 after buying an additional 17,331 shares in the last quarter. Hedge funds and other institutional investors own 71.01% of the company's stock.
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.
Further Reading
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