Kearny Financial (NASDAQ:KRNY) was upgraded by BidaskClub from a “strong sell” rating to a “sell” rating in a note issued to investors on Wednesday, BidAskClub reports.

Separately, Keefe, Bruyette & Woods raised Kearny Financial from an “underperform” rating to a “market perform” rating and raised their price objective for the company from $11.50 to $12.50 in a research note on Thursday, April 4th.

Shares of KRNY stock opened at $12.93 on Wednesday. The firm has a market capitalization of $1.22 billion, a price-to-earnings ratio of 29.82 and a beta of 0.45. Kearny Financial has a fifty-two week low of $11.26 and a fifty-two week high of $14.80. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.15 and a current ratio of 1.15.

Kearny Financial (NASDAQ:KRNY) last issued its quarterly earnings results on Wednesday, January 30th. The savings and loans company reported $0.12 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.12. Kearny Financial had a return on equity of 3.34% and a net margin of 15.39%. The company had revenue of $42.66 million for the quarter.

In related news, EVP Thomas Demedici sold 4,789 shares of Kearny Financial stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $13.20, for a total transaction of $63,214.80. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director John F. Regan sold 7,500 shares of the company’s stock in a transaction that occurred on Tuesday, February 5th. The stock was sold at an average price of $13.05, for a total transaction of $97,875.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 16,289 shares of company stock worth $213,730. 3.62% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently modified their holdings of KRNY. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Kearny Financial by 23.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,162 shares of the savings and loans company’s stock valued at $92,000 after acquiring an additional 1,365 shares during the last quarter. Amundi Pioneer Asset Management Inc. bought a new stake in Kearny Financial during the 4th quarter worth $126,000. Raymond James Trust N.A. increased its holdings in Kearny Financial by 10.3% in the 4th quarter. Raymond James Trust N.A. now owns 11,570 shares of the savings and loans company’s stock worth $149,000 after purchasing an additional 1,084 shares in the last quarter. Amalgamated Bank increased its holdings in Kearny Financial by 25.5% in the 4th quarter. Amalgamated Bank now owns 13,460 shares of the savings and loans company’s stock worth $173,000 after purchasing an additional 2,738 shares in the last quarter. Finally, Citigroup Inc. increased its holdings in Kearny Financial by 645.6% in the 4th quarter. Citigroup Inc. now owns 16,761 shares of the savings and loans company’s stock worth $215,000 after purchasing an additional 14,513 shares in the last quarter. Hedge funds and other institutional investors own 66.46% of the company’s stock.

About Kearny Financial

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.

See Also: Growth Stocks

Receive News & Ratings for Kearny Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kearny Financial and related companies with MarketBeat.com's FREE daily email newsletter.