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. It also provides various loans, such as multi-family and nonresidential real estate mortgage loans, commercial term loans and lines of credit, one- to four-family first mortgage loans, and home equity loans and lines of credit; loans to individuals for the construction or renovation of one- to four-family residences, or for the construction of commercial real estate or multi-family residential buildings; overdraft lines of credit; and personal loans. In addition, the company engages in investment activities. As of August 18, 2021, it operated a total of 48 branch offices located throughout northern and central New Jersey and Brooklyn and Staten Island, New York. The company was founded in 1884 and is headquartered in Fairfield, New Jersey.
Kearny Financial Stock Up 0.1 %
Shares of KRNY Stock traded up $0.01 during trading hours on Friday, reaching $11.85. 164,049 shares of the company's stock were exchanged, compared to its average volume of 292,364. Kearny Financial has a 1 year low of $10.59 and a 1 year high of $13.89. The stock has a market cap of $834.48 million, a PE ratio of 12.61 and a beta of 0.77. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.89. The stock's fifty day moving average price is $11.47 and its two-hundred day moving average price is $12.30.
Kearny Financial (NASDAQ:KRNY - Get Rating) last issued its quarterly earnings results on Thursday, July 28th. The savings and loans company reported $0.18 earnings per share for the quarter, missing analysts' consensus estimates of $0.22 by ($0.04). Kearny Financial had a return on equity of 7.04% and a net margin of 28.12%. The business had revenue of $53.41 million for the quarter, compared to analysts' expectations of $51.60 million.
Kearny Financial Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 24th. Stockholders of record on Wednesday, August 10th will be paid a dividend of $0.11 per share. The ex-dividend date of this dividend is Tuesday, August 9th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.71%. Kearny Financial's payout ratio is 46.81%.
Insider Transactions at Kearny Financial
In related news, EVP Thomas Demedici sold 2,500 shares of Kearny Financial stock in a transaction dated Tuesday, August 2nd. The stock was sold at an average price of $12.01, for a total transaction of $30,025.00. Following the completion of the sale, the executive vice president now owns 55,392 shares of the company's stock, valued at $665,257.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 6.23% of the company's stock.