Kearny Financial (KRNY) Set to Announce Quarterly Earnings on Thursday

Kearny Financial (NASDAQ:KRNY) is set to post its quarterly earnings results before the market opens on Thursday, April 25th. Analysts expect Kearny Financial to post earnings of $0.13 per share for the quarter.

Kearny Financial (NASDAQ:KRNY) last posted its earnings results on Wednesday, January 31st. The savings and loans company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.06). The firm had revenue of $19.83 million during the quarter, compared to analyst estimates of $42.60 million. Kearny Financial had a net margin of 5.84% and a return on equity of 4.44%.

Kearny Financial Stock Performance

NASDAQ:KRNY opened at $5.82 on Tuesday. The company has a debt-to-equity ratio of 1.97, a current ratio of 1.09 and a quick ratio of 1.09. The firm has a market capitalization of $375.04 million, a price-to-earnings ratio of 20.07 and a beta of 0.71. The company’s 50-day moving average is $6.17 and its two-hundred day moving average is $7.25. Kearny Financial has a 1-year low of $5.44 and a 1-year high of $9.46.

Kearny Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 21st. Stockholders of record on Wednesday, February 7th were issued a $0.11 dividend. The ex-dividend date was Tuesday, February 6th. This represents a $0.44 annualized dividend and a dividend yield of 7.56%. Kearny Financial’s dividend payout ratio is currently 151.73%.

Insider Transactions at Kearny Financial

In related news, Director Melvina Wong-Zaza acquired 3,945 shares of the firm’s stock in a transaction dated Wednesday, February 14th. The shares were purchased at an average cost of $6.47 per share, for a total transaction of $25,524.15. Following the acquisition, the director now owns 6,595 shares in the company, valued at approximately $42,669.65. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Kearny Financial news, Director Melvina Wong-Zaza bought 3,945 shares of Kearny Financial stock in a transaction on Wednesday, February 14th. The shares were bought at an average cost of $6.47 per share, for a total transaction of $25,524.15. Following the acquisition, the director now directly owns 6,595 shares in the company, valued at $42,669.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Christopher Petermann bought 10,000 shares of Kearny Financial stock in a transaction on Thursday, February 8th. The shares were acquired at an average price of $6.14 per share, for a total transaction of $61,400.00. Following the completion of the acquisition, the director now owns 56,139 shares in the company, valued at $344,693.46. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 15,945 shares of company stock worth $98,664. 8.22% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Kearny Financial from a “hold” rating to a “sell” rating in a report on Friday, January 12th.

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.