Kearny Financial Corp. (KRNY) Receives Consensus Recommendation of “Hold” from Brokerages

Kearny Financial Corp. (NASDAQ:KRNY) has earned an average broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating. Kearny Financial’s rating score has improved by 14.3% from three months ago as a result of various analysts’ ratings changes.

Zacks has also assigned Kearny Financial an industry rank of 89 out of 255 based on the ratings given to related companies.

Several brokerages have issued reports on KRNY. BidaskClub raised Kearny Financial from a “sell” rating to a “hold” rating in a research note on Tuesday, April 24th. ValuEngine raised Kearny Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, May 2nd.

In other news, EVP Patrick M. Joyce sold 5,000 shares of the business’s stock in a transaction dated Thursday, May 3rd. The stock was sold at an average price of $14.00, for a total value of $70,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Craig Montanaro sold 7,000 shares of the business’s stock in a transaction dated Tuesday, June 12th. The shares were sold at an average price of $14.15, for a total value of $99,050.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 19,000 shares of company stock valued at $267,820. Corporate insiders own 3.78% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Two Sigma Advisers LP bought a new stake in shares of Kearny Financial in the 4th quarter valued at about $166,000. Beese Fulmer Investment Management Inc. bought a new stake in shares of Kearny Financial in the 2nd quarter valued at about $185,000. Fox Run Management L.L.C. bought a new stake in shares of Kearny Financial in the 2nd quarter valued at about $284,000. Oppenheimer Asset Management Inc. lifted its stake in shares of Kearny Financial by 75.8% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 21,914 shares of the savings and loans company’s stock valued at $285,000 after acquiring an additional 9,451 shares during the last quarter. Finally, Creative Planning lifted its stake in shares of Kearny Financial by 93.2% in the 2nd quarter. Creative Planning now owns 21,260 shares of the savings and loans company’s stock valued at $286,000 after acquiring an additional 10,256 shares during the last quarter. 51.24% of the stock is owned by institutional investors.

KRNY stock traded down $0.27 during mid-day trading on Friday, hitting $13.30. 286,510 shares of the stock were exchanged, compared to its average volume of 392,670. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.86. Kearny Financial has a 12 month low of $12.75 and a 12 month high of $15.60. The firm has a market cap of $1.39 billion, a P/E ratio of 52.12 and a beta of 0.57.

Kearny Financial (NASDAQ:KRNY) last issued its quarterly earnings results on Friday, April 27th. The savings and loans company reported $0.08 earnings per share (EPS) for the quarter. Kearny Financial had a return on equity of 2.01% and a net margin of 9.92%. The firm had revenue of $30.61 million during the quarter.

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. 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.

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