Kearny Financial (NASDAQ:KRNY) Releases Quarterly Earnings Results, Misses Estimates By $0.02 EPS

Kearny Financial (NASDAQ:KRNY) released its quarterly earnings results on Thursday. The savings and loans company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.02), FiscalAI reports. The business had revenue of $45.69 million during the quarter, compared to the consensus estimate of $45.61 million. Kearny Financial had a return on equity of 4.92% and a net margin of 10.45%.

Kearny Financial Price Performance

Shares of Kearny Financial stock opened at $9.40 on Friday. Kearny Financial has a 52 week low of $5.76 and a 52 week high of $9.76. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.39. The stock has a market cap of $608.56 million, a PE ratio of 16.49 and a beta of 0.64. The company’s 50-day moving average price is $8.82 and its two-hundred day moving average price is $8.16.

Kearny Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 26th. Shareholders of record on Wednesday, August 12th will be given a $0.11 dividend. The ex-dividend date is Wednesday, August 12th. This represents a $0.44 annualized dividend and a yield of 4.7%. Kearny Financial’s payout ratio is 77.19%.

Insider Activity

In other Kearny Financial news, Director Melvina Wong-Zaza bought 3,500 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The stock was acquired at an average cost of $8.57 per share, with a total value of $29,995.00. Following the completion of the purchase, the director directly owned 33,910 shares in the company, valued at approximately $290,608.70. This trade represents a 11.51% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, Director Curtland E. Fields bought 4,950 shares of Kearny Financial stock in a transaction that occurred on Wednesday, June 17th. The shares were acquired at an average price of $8.34 per share, with a total value of $41,283.00. Following the completion of the acquisition, the director directly owned 39,600 shares of the company’s stock, valued at $330,264. This represents a 14.29% increase in their position. The SEC filing for this purchase provides additional information. In the last 90 days, insiders have bought 24,800 shares of company stock valued at $211,196. Insiders own 7.44% of the company’s stock.

Institutional Investors Weigh In On Kearny Financial

Several large investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. grew its holdings in shares of Kearny Financial by 8.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 729,773 shares of the savings and loans company’s stock worth $4,568,000 after acquiring an additional 54,606 shares during the last quarter. Caxton Associates LLP purchased a new stake in shares of Kearny Financial during the first quarter valued at $146,000. Empowered Funds LLC boosted its position in shares of Kearny Financial by 8.7% in the 1st quarter. Empowered Funds LLC now owns 181,165 shares of the savings and loans company’s stock valued at $1,134,000 after purchasing an additional 14,427 shares during the period. Jane Street Group LLC increased its stake in Kearny Financial by 95.0% in the 1st quarter. Jane Street Group LLC now owns 152,595 shares of the savings and loans company’s stock worth $955,000 after purchasing an additional 74,349 shares in the last quarter. Finally, Rhumbline Advisers increased its stake in Kearny Financial by 5.1% in the 2nd quarter. Rhumbline Advisers now owns 89,669 shares of the savings and loans company’s stock worth $579,000 after purchasing an additional 4,340 shares in the last quarter. 71.01% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Zacks Research raised shares of Kearny Financial to a “hold” rating in a report on Monday, April 27th. Weiss Ratings downgraded shares of Kearny Financial from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, July 14th. Finally, Piper Sandler increased their price objective on shares of Kearny Financial from $9.50 to $10.50 and gave the company an “overweight” rating in a report on Thursday, June 25th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $10.50.

Key Kearny Financial News

Here are the key news stories impacting Kearny Financial this week:

• Positive Sentiment: The company announced a quarterly cash dividend of $0.11 per share, equal to a 4.8% annualized yield, which supports the stock’s income appeal. Kearny Financial Corp. Announces Fourth Quarter and Fiscal Year End 2026 Results and Declaration of $0.11 Per Share Cash Dividend
• Neutral Sentiment: Kearny Financial reported quarterly EPS of $0.15 versus expectations of $0.17, a modest miss that may cap upside, though revenue came in slightly above estimates at $45.69 million. Kearny (KRNY) Q4 Earnings Lag Estimates
• Neutral Sentiment: The company’s short-interest update showed no shares reported short as of July 24, suggesting little visible bearish positioning, but the data point appears limited in usefulness given the reported zeroes.
• Negative Sentiment: The earnings miss likely weighed on sentiment, with one report noting the stock was already down after the results as investors focused on softer-than-expected profit growth. Why Kearny Financial Corp.’s (KRNY) Stock Is Down 5.01%

About Kearny Financial

Kearny Financial, Inc was the bank holding company for Kearny Bank, a New Jersey–based community bank offering a full suite of commercial and consumer banking services. Through its subsidiary, the company provided deposit products, lending facilities and electronic banking solutions to individuals, small businesses and middle-market corporations.

The company’s core products included checking and savings accounts, certificates of deposit, residential and commercial real estate loans, construction financing, equipment financing, home equity lines of credit and consumer installment loans.