Kearny Financial (NASDAQ:KRNY) Shares Cross Above 200-Day Moving Average – Should You Sell?

Kearny Financial (NASDAQ:KRNY)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $6.34 and traded as high as $6.74. Kearny Financial shares last traded at $6.57, with a volume of 381,620 shares.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “hold (c-)” rating on shares of Kearny Financial in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $7.75.

Kearny Financial Stock Down 2.2%

The company’s fifty day moving average price is $6.56 and its 200-day moving average price is $6.34. The stock has a market cap of $425.41 million, a P/E ratio of 15.64 and a beta of 0.75. The company has a debt-to-equity ratio of 1.71, a quick ratio of 1.05 and a current ratio of 1.05.

Kearny Financial (NASDAQ:KRNY) last posted its quarterly earnings results on Thursday, July 24th. The savings and loans company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.02). The company had revenue of $40.83 million during the quarter, compared to analysts’ expectations of $41.16 million. Kearny Financial had a return on equity of 3.49% and a net margin of 7.59%.

Insider Buying and Selling

In related news, Director Leopold W. Montanaro purchased 10,000 shares of Kearny Financial stock in a transaction that occurred on Friday, September 19th. The shares were bought at an average price of $6.57 per share, with a total value of $65,700.00. Following the purchase, the director directly owned 265,227 shares of the company’s stock, valued at approximately $1,742,541.39. This represents a 3.92% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 7.44% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Osaic Holdings Inc. increased its stake in Kearny Financial by 11,688.6% in the 2nd quarter. Osaic Holdings Inc. now owns 4,126 shares of the savings and loans company’s stock worth $27,000 after buying an additional 4,091 shares during the period. GAMMA Investing LLC increased its stake in Kearny Financial by 119.6% in the 1st quarter. GAMMA Investing LLC now owns 6,355 shares of the savings and loans company’s stock worth $40,000 after buying an additional 3,461 shares during the period. State of Wyoming purchased a new position in Kearny Financial in the 1st quarter worth about $49,000. Entropy Technologies LP purchased a new position in Kearny Financial in the 1st quarter worth about $68,000. Finally, Nisa Investment Advisors LLC increased its stake in Kearny Financial by 18,309.5% in the 2nd quarter. Nisa Investment Advisors LLC now owns 11,598 shares of the savings and loans company’s stock worth $75,000 after buying an additional 11,535 shares during the period. Hedge funds and other institutional investors own 71.01% 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. It offers various deposit products, including interest-bearing and non-interest-bearing checking accounts, money market deposit accounts, savings accounts, and certificates of deposit accounts.