Kearny Financial Corp. (NASDAQ:KRNY - Get Free Report) announced a quarterly dividend on Thursday, October 24th, Zacks reports. Shareholders of record on Wednesday, November 6th will be given a dividend of 0.11 per share by the savings and loans company on Wednesday, November 20th. This represents a $0.44 dividend on an annualized basis and a yield of 6.49%. The ex-dividend date of this dividend is Wednesday, November 6th.
Kearny Financial has increased its dividend by an average of 11.2% per year over the last three years. Kearny Financial has a payout ratio of 95.7% indicating that its dividend is currently covered by earnings, but may not be in the future if the company's earnings tumble.
Kearny Financial Price Performance
Shares of KRNY traded down $0.25 during mid-day trading on Friday, hitting $6.78. The company's stock had a trading volume of 288,255 shares, compared to its average volume of 427,222. The stock's 50-day moving average is $6.77 and its two-hundred day moving average is $6.25. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 2.27. Kearny Financial has a one year low of $5.28 and a one year high of $9.46.
Kearny Financial (NASDAQ:KRNY - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The savings and loans company reported $0.10 earnings per share for the quarter, meeting analysts' consensus estimates of $0.10. Kearny Financial had a negative net margin of 26.51% and a positive return on equity of 3.41%. The firm had revenue of $87.88 million during the quarter, compared to the consensus estimate of $37.70 million. During the same period in the prior year, the firm earned $0.16 EPS.
Insider Buying and Selling
In related news, EVP Thomas Demedici sold 6,304 shares of the company's stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $6.00, for a total value of $37,824.00. Following the sale, the executive vice president now owns 70,614 shares of the company's stock, valued at $423,684. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 8.56% of the stock is owned by company insiders.
Analyst Upgrades and Downgrades
Separately, Keefe, Bruyette & Woods boosted their price target on Kearny Financial from $6.00 to $7.00 and gave the company a "market perform" rating in a research note on Tuesday, July 30th.
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Kearny Financial Company Profile
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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.
Further Reading
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