Kearny Financial (KRNY) Scheduled to Post Quarterly Earnings on Thursday

Kearny Financial (NASDAQ:KRNY - Get Free Report) is scheduled to announce its earnings results before the market opens on Thursday, October 24th. Analysts expect the company to announce earnings of $0.10 per share for the quarter. Persons interested in listening to the company's earnings conference call can do so using this link.

Kearny Financial (NASDAQ:KRNY - Get Free Report) last issued its quarterly earnings results on Thursday, July 25th. The savings and loans company reported $0.09 earnings per share for the quarter, missing analysts' consensus estimates of $0.12 by ($0.03). The company had revenue of $39.08 million during the quarter, compared to analyst estimates of $39.00 million. Kearny Financial had a positive return on equity of 3.41% and a negative net margin of 26.51%.

Kearny Financial Price Performance

Shares of Kearny Financial stock traded up $0.05 on Thursday, hitting $7.52. The company had a trading volume of 298,755 shares, compared to its average volume of 431,415. Kearny Financial has a 52 week low of $5.28 and a 52 week high of $9.46. The company has a market cap of $484.57 million, a PE ratio of 29.88 and a beta of 0.77. The business has a 50-day simple moving average of $6.64 and a 200-day simple moving average of $6.21. The company has a debt-to-equity ratio of 2.27, a current ratio of 1.12 and a quick ratio of 1.12.

Kearny Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, August 26th. Stockholders of record on Monday, August 12th were given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 5.85%. The ex-dividend date was Monday, August 12th. Kearny Financial's dividend payout ratio (DPR) is presently 176.00%.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods upped 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.

Insider Buying and Selling at Kearny Financial

In related news, EVP Thomas Demedici sold 6,304 shares of Kearny Financial stock in a transaction on Monday, August 12th. The stock was sold at an average price of $6.00, for a total value of $37,824.00. Following the transaction, the executive vice president now directly owns 70,614 shares in the company, valued at $423,684. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 8.22% of the stock is owned by corporate insiders.

About Kearny Financial

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.