Kearny Financial (KRNY) to Release Earnings on Thursday
Kearny Financial (NASDAQ:KRNY) will be releasing its earnings data before the market opens on Thursday, October 26th. Analysts expect Kearny Financial to post earnings of $0.05 per share for the quarter.
Kearny Financial (NASDAQ:KRNY) last issued its earnings results on Friday, July 28th. The savings and loans company reported $0.05 EPS for the quarter, hitting analysts’ consensus estimates of $0.05. Kearny Financial had a return on equity of 1.70% and a net margin of 12.37%. The firm had revenue of $29.75 million for the quarter. On average, analysts expect Kearny Financial to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Shares of Kearny Financial (KRNY) opened at 15.35 on Wednesday. The stock has a 50 day moving average price of $14.98 and a 200-day moving average price of $14.65. The stock has a market cap of $1.24 billion, a P/E ratio of 69.77 and a beta of 0.61. Kearny Financial has a 52 week low of $13.35 and a 52 week high of $16.10.
The business also recently declared a special dividend, which was paid on Wednesday, October 18th. Investors of record on Wednesday, October 4th were given a $0.12 dividend. This represents a yield of 0.79%. The ex-dividend date of this dividend was Tuesday, October 3rd. This is a boost from Kearny Financial’s previous special dividend of $0.02. Kearny Financial’s payout ratio is 57.15%.
Several equities analysts recently issued reports on the company. BidaskClub cut Kearny Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. Keefe, Bruyette & Woods restated a “sell” rating and issued a $13.00 price target on shares of Kearny Financial in a research report on Thursday, August 3rd.
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In other Kearny Financial news, Director Theodore J. Aanensen sold 2,000 shares of Kearny Financial stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $14.11, for a total value of $28,220.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 3.78% of the stock is currently owned by insiders.
Kearny Financial Company Profile
Kearny Bank is principally engaged in the business of attracting deposits from the general public at its 41 locations in New Jersey and using these deposits, together with other funds, to originate or purchase loans for its portfolio and invest in securities. Loans originated or purchased by the Bank generally include loans collateralized by residential and commercial real estate augmented by secured and unsecured loans to businesses and consumers.
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