Kearny Financial (NASDAQ:KRNY - Get Free Report) released its earnings results on Thursday. The savings and loans company reported $0.10 EPS for the quarter, meeting the consensus estimate of $0.10, RTT News reports. The firm had revenue of $87.88 million during the quarter, compared to analysts' expectations of $37.70 million. Kearny Financial had a negative net margin of 26.51% and a positive return on equity of 3.41%. During the same period in the prior year, the company earned $0.16 EPS.
Kearny Financial Price Performance
Shares of NASDAQ:KRNY traded down $0.25 during mid-day trading on Friday, reaching $6.78. The stock had a trading volume of 288,255 shares, compared to its average volume of 427,222. The firm has a 50 day simple moving average of $6.77 and a two-hundred day simple moving average of $6.25. The company has a debt-to-equity ratio of 2.27, a quick ratio of 1.12 and a current ratio of 1.12. Kearny Financial has a twelve month low of $5.28 and a twelve month high of $9.46.
Kearny Financial Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Wednesday, November 6th will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Wednesday, November 6th. This represents a $0.44 dividend on an annualized basis and a yield of 6.49%. Kearny Financial's payout ratio is presently -31.65%.
Analyst Upgrades and Downgrades
Separately, Keefe, Bruyette & Woods boosted their price target on shares of Kearny Financial from $6.00 to $7.00 and gave the company a "market perform" rating in a report on Tuesday, July 30th.
Get Our Latest Analysis on Kearny Financial
Insider Activity at Kearny Financial
In related news, EVP Thomas Demedici sold 6,304 shares of the stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $6.00, for a total transaction of $37,824.00. Following the completion of the sale, the executive vice president now directly owns 70,614 shares of the company's stock, valued at approximately $423,684. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 8.56% of the stock is currently owned by corporate insiders.
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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