Kearny Financial Corp. (NASDAQ:KRNY) EVP Thomas Demedici sold 4,789 shares of the firm’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $13.20, for a total transaction of $63,214.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
KRNY stock traded down $0.06 during midday trading on Tuesday, reaching $13.11. The company had a trading volume of 292,503 shares, compared to its average volume of 287,996. The company has a market cap of $1.23 billion, a PE ratio of 29.93 and a beta of 0.46. Kearny Financial Corp. has a 1-year low of $11.26 and a 1-year high of $14.80. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 1.12.
Kearny Financial (NASDAQ:KRNY) last posted its quarterly earnings results on Wednesday, January 30th. The savings and loans company reported $0.12 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.12. The business had revenue of $42.66 million during the quarter. Kearny Financial had a return on equity of 3.34% and a net margin of 15.39%.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 20th. Shareholders of record on Wednesday, March 6th will be paid a dividend of $0.06 per share. This is an increase from Kearny Financial’s previous quarterly dividend of $0.05. The ex-dividend date is Tuesday, March 5th. This represents a $0.24 annualized dividend and a yield of 1.83%.
Separately, BidaskClub cut shares of Kearny Financial from a “hold” rating to a “sell” rating in a research report on Saturday, March 9th.
A number of hedge funds and other institutional investors have recently modified their holdings of KRNY. BlackRock Inc. boosted its holdings in Kearny Financial by 1.0% in the third quarter. BlackRock Inc. now owns 7,028,478 shares of the savings and loans company’s stock valued at $97,345,000 after acquiring an additional 71,707 shares during the last quarter. Villere ST Denis J & Co. LLC boosted its holdings in shares of Kearny Financial by 6.4% during the 4th quarter. Villere ST Denis J & Co. LLC now owns 4,596,252 shares of the savings and loans company’s stock worth $58,923,000 after buying an additional 274,996 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Kearny Financial by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 8,125,668 shares of the savings and loans company’s stock worth $112,540,000 after buying an additional 41,156 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Kearny Financial by 23.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,162 shares of the savings and loans company’s stock worth $92,000 after buying an additional 1,365 shares in the last quarter. Finally, Putnam Investments LLC boosted its holdings in shares of Kearny Financial by 9.0% during the 3rd quarter. Putnam Investments LLC now owns 83,299 shares of the savings and loans company’s stock worth $1,154,000 after buying an additional 6,900 shares in the last quarter. 65.64% of the stock is owned by hedge funds and other institutional investors.
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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.
Further Reading: Fundamental Analysis
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