Kearny Financial Corp. (NASDAQ:KRNY - Get Free Report) announced a quarterly dividend on Wednesday, January 29th,Wall Street Journal reports. Shareholders of record on Wednesday, February 12th will be given a dividend of 0.11 per share by the savings and loans company on Wednesday, February 26th. This represents a $0.44 annualized dividend and a yield of 6.30%. The ex-dividend date of this dividend is Wednesday, February 12th.
Kearny Financial has raised its dividend by an average of 3.2% per year over the last three years. Kearny Financial has a payout ratio of 55.0% meaning its dividend is sufficiently covered by earnings.
Kearny Financial Stock Performance
Shares of KRNY traded up $0.15 on Tuesday, reaching $6.98. 274,080 shares of the company's stock traded hands, compared to its average volume of 323,485. The stock's 50 day simple moving average is $7.39 and its two-hundred day simple moving average is $7.14. The stock has a market cap of $450.77 million, a PE ratio of -6.18 and a beta of 0.81. Kearny Financial has a 52-week low of $5.28 and a 52-week high of $8.59. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.99.
Kearny Financial (NASDAQ:KRNY - Get Free Report) last released its earnings results on Thursday, January 30th. The savings and loans company reported $0.10 EPS for the quarter, missing analysts' consensus estimates of $0.12 by ($0.02). Kearny Financial had a positive return on equity of 3.27% and a negative net margin of 20.05%.
Wall Street Analysts Forecast Growth
A number of research firms recently commented on KRNY. Piper Sandler raised shares of Kearny Financial from a "neutral" rating to an "overweight" rating and lowered their price target for the stock from $9.00 to $8.50 in a report on Monday, January 6th. StockNews.com raised Kearny Financial from a "sell" rating to a "hold" rating in a research report on Monday, October 28th.
View Our Latest Research Report on Kearny Financial
Kearny Financial Company Profile
(
Get Free Report)
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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