Shares of Kearny Financial Corp. (NASDAQ:KRNY) have been given an average broker rating score of 3.00 (Hold) from the one brokers that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating.

Zacks has also assigned Kearny Financial an industry rank of 185 out of 255 based on the ratings given to related companies.

Separately, BidaskClub lowered Kearny Financial from a “hold” rating to a “sell” rating in a research note on Wednesday, June 13th.

KRNY traded down $0.15 on Wednesday, hitting $13.85. 16,045 shares of the company were exchanged, compared to its average volume of 310,699. Kearny Financial has a 12 month low of $12.75 and a 12 month high of $15.60. The firm has a market capitalization of $1.38 billion, a PE ratio of 42.42 and a beta of 0.57. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.13 and a current ratio of 1.13.

Kearny Financial (NASDAQ:KRNY) last released its earnings results on Monday, July 30th. The savings and loans company reported $0.12 earnings per share (EPS) for the quarter. Kearny Financial had a return on equity of 2.57% and a net margin of 10.61%. The business had revenue of $43.95 million for the quarter.

The company also recently announced a special dividend, which will be paid on Wednesday, October 17th. Stockholders of record on Wednesday, October 3rd will be given a $0.16 dividend. This is an increase from Kearny Financial’s previous special dividend of $0.12. The ex-dividend date of this dividend is Tuesday, October 2nd. This represents a dividend yield of 1.15%.

In other news, Director John F. Mcgovern bought 11,000 shares of the firm’s stock in a transaction dated Friday, August 10th. The shares were bought at an average price of $13.70 per share, with a total value of $150,700.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.62% of the stock is currently owned by corporate insiders.

Institutional investors have recently bought and sold shares of the company. SG Americas Securities LLC grew its position in shares of Kearny Financial by 261.2% in the first quarter. SG Americas Securities LLC now owns 39,867 shares of the savings and loans company’s stock valued at $518,000 after purchasing an additional 28,831 shares during the last quarter. Ancora Advisors LLC grew its position in Kearny Financial by 4,248.0% during the first quarter. Ancora Advisors LLC now owns 949,994 shares of the savings and loans company’s stock worth $12,350,000 after buying an additional 928,145 shares in the last quarter. JBF Capital Inc. acquired a new stake in Kearny Financial during the first quarter worth approximately $4,545,000. Thompson Siegel & Walmsley LLC grew its position in Kearny Financial by 9.6% during the second quarter. Thompson Siegel & Walmsley LLC now owns 57,050 shares of the savings and loans company’s stock worth $767,000 after buying an additional 5,000 shares in the last quarter. Finally, Victory Capital Management Inc. grew its position in Kearny Financial by 92.4% during the first quarter. Victory Capital Management Inc. now owns 36,536 shares of the savings and loans company’s stock worth $475,000 after buying an additional 17,542 shares in the last quarter. 63.82% of the stock is currently owned by institutional investors.

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.

Read More: Price to Earnings Ratio (PE) Basics

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