Kearny Financial (KRNY) Stock Rating Upgraded by BidaskClub

BidaskClub upgraded shares of Kearny Financial (NASDAQ:KRNY) from a sell rating to a hold rating in a research report sent to investors on Tuesday, April 16th, BidAskClub reports.

Separately, Keefe, Bruyette & Woods upgraded shares of Kearny Financial from an underperform rating to a market perform rating and raised their price objective for the stock from $11.50 to $12.50 in a report on Thursday, April 4th.

Shares of KRNY stock traded down $0.04 during trading on Tuesday, hitting $13.86. The company’s stock had a trading volume of 270,034 shares, compared to its average volume of 274,038. Kearny Financial has a 52 week low of $11.26 and a 52 week 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. The firm has a market cap of $1.29 billion, a PE ratio of 28.37 and a beta of 0.49.

Kearny Financial (NASDAQ:KRNY) last posted its quarterly earnings data on Monday, April 29th. The savings and loans company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.12 by $0.01. The business had revenue of $42.31 million for the quarter. Kearny Financial had a return on equity of 3.64% and a net margin of 16.51%.

In related news, CFO Keith Suchodolski sold 27,608 shares of the firm’s stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $13.92, for a total transaction of $384,303.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Craig Montanaro sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $13.16, for a total transaction of $52,640.00. The disclosure for this sale can be found here. Insiders have sold 36,397 shares of company stock valued at $500,158 over the last quarter. Company insiders own 3.62% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in KRNY. Vanguard Group Inc grew its position in Kearny Financial by 0.5% in 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 purchasing an additional 41,156 shares during the period. Vanguard Group Inc. grew its position 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 valued at $112,540,000 after acquiring an additional 41,156 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Kearny Financial by 0.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 7,898,433 shares of the savings and loans company’s stock valued at $101,654,000 after acquiring an additional 48,892 shares during the period. BlackRock Inc. grew its position in shares of Kearny Financial by 1.0% during the 3rd 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 period. Finally, Villere ST Denis J & Co. LLC grew its position in shares of Kearny Financial by 10.9% during the 1st quarter. Villere ST Denis J & Co. LLC now owns 5,098,048 shares of the savings and loans company’s stock valued at $65,611,000 after acquiring an additional 501,796 shares during the period. 66.36% of the stock is 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.

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