Kearny Financial (KRNY) Scheduled to Post Earnings on Thursday

Kearny Financial (NASDAQ:KRNY - Get Free Report) is set to issue its quarterly earnings data before the market opens on Thursday, April 25th. Analysts expect the company to announce earnings of $0.13 per share for the quarter.

Kearny Financial (NASDAQ:KRNY - Get Free Report) last issued its quarterly earnings results on Wednesday, January 31st. The savings and loans company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.06). Kearny Financial had a return on equity of 4.44% and a net margin of 5.84%. The company had revenue of $19.83 million for the quarter, compared to analyst estimates of $42.60 million.

Kearny Financial Price Performance

Shares of NASDAQ KRNY remained flat at $5.54 during mid-day trading on Thursday. The company had a trading volume of 427,729 shares, compared to its average volume of 455,340. The company has a debt-to-equity ratio of 1.97, a quick ratio of 1.09 and a current ratio of 1.09. The business's fifty day moving average is $6.22 and its 200 day moving average is $7.27. Kearny Financial has a 52-week low of $5.44 and a 52-week high of $9.46. The company has a market capitalization of $357.00 million, a price-to-earnings ratio of 18.97 and a beta of 0.71.

Kearny Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 21st. Shareholders of record on Wednesday, February 7th were issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 7.94%. The ex-dividend date of this dividend was Tuesday, February 6th. Kearny Financial's dividend payout ratio (DPR) is currently 151.73%.

Insider Activity

In related news, Director Christopher Petermann acquired 10,000 shares of the company's stock in a transaction that occurred on Thursday, February 8th. The stock was purchased at an average price of $6.14 per share, for a total transaction of $61,400.00. Following the transaction, the director now owns 56,139 shares in the company, valued at approximately $344,693.46. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Christopher Petermann acquired 10,000 shares of the company's stock in a transaction that occurred on Thursday, February 8th. The stock was purchased at an average price of $6.14 per share, for a total transaction of $61,400.00. Following the transaction, the director now owns 56,139 shares in the company, valued at approximately $344,693.46. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Melvina Wong-Zaza acquired 3,945 shares of the company's stock in a transaction that occurred on Wednesday, February 14th. The shares were bought at an average price of $6.47 per share, with a total value of $25,524.15. Following the transaction, the director now owns 6,595 shares in the company, valued at approximately $42,669.65. The disclosure for this purchase can be found here. Insiders bought a total of 15,945 shares of company stock worth $98,664 over the last 90 days. 8.22% of the stock is currently owned by corporate insiders.

Institutional Trading of Kearny Financial

A number of hedge funds have recently added to or reduced their stakes in KRNY. Qube Research & Technologies Ltd acquired a new stake in Kearny Financial in the 3rd quarter worth about $25,000. Tower Research Capital LLC TRC boosted its stake in Kearny Financial by 208.1% in the 3rd quarter. Tower Research Capital LLC TRC now owns 5,576 shares of the savings and loans company's stock worth $39,000 after buying an additional 3,766 shares during the last quarter. Royal Bank of Canada boosted its stake in Kearny Financial by 38.2% in the 2nd quarter. Royal Bank of Canada now owns 9,932 shares of the savings and loans company's stock worth $70,000 after buying an additional 2,745 shares during the last quarter. Graham Capital Management L.P. acquired a new stake in Kearny Financial in the 3rd quarter worth about $110,000. Finally, Engineers Gate Manager LP acquired a new stake in Kearny Financial in the 4th quarter worth about $115,000. 71.01% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Kearny Financial from a "hold" rating to a "sell" rating in a research report on Friday, January 12th.

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