Kearny Financial Corp. (NASDAQ:KRNY) CEO Craig Montanaro sold 7,000 shares of the company’s stock in a transaction on Tuesday, June 12th. The shares were sold at an average price of $14.15, for a total value of $99,050.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Kearny Financial stock traded down $0.10 during mid-day trading on Thursday, hitting $14.00. 690,454 shares of the company were exchanged, compared to its average volume of 405,609. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.10 and a quick ratio of 1.10. Kearny Financial Corp. has a 1-year low of $12.75 and a 1-year high of $15.60. The firm has a market capitalization of $1.47 billion, a P/E ratio of 55.10 and a beta of 0.53.
Kearny Financial (NASDAQ:KRNY) last released its quarterly earnings data on Friday, April 27th. The savings and loans company reported $0.08 earnings per share (EPS) for the quarter. Kearny Financial had a return on equity of 2.01% and a net margin of 9.92%. The firm had revenue of $30.61 million during the quarter.
A number of institutional investors have recently added to or reduced their stakes in KRNY. Ancora Advisors LLC raised its stake in Kearny Financial by 4,248.0% during the first quarter. Ancora Advisors LLC now owns 949,994 shares of the savings and loans company’s stock worth $12,350,000 after acquiring an additional 928,145 shares in the last quarter. Millennium Management LLC raised its stake in Kearny Financial by 234.1% during the fourth quarter. Millennium Management LLC now owns 1,246,611 shares of the savings and loans company’s stock worth $18,014,000 after acquiring an additional 873,526 shares in the last quarter. Russell Investments Group Ltd. raised its stake in Kearny Financial by 25.3% during the first quarter. Russell Investments Group Ltd. now owns 2,579,798 shares of the savings and loans company’s stock worth $33,537,000 after acquiring an additional 521,132 shares in the last quarter. JBF Capital Inc. acquired a new position in Kearny Financial during the first quarter worth $4,545,000. Finally, Dimensional Fund Advisors LP raised its stake in Kearny Financial by 6.4% during the first quarter. Dimensional Fund Advisors LP now owns 5,585,806 shares of the savings and loans company’s stock worth $72,615,000 after acquiring an additional 337,358 shares in the last quarter. Hedge funds and other institutional investors own 51.20% of the company’s stock.
A number of research analysts recently commented on the company. BidaskClub lowered Kearny Financial from a “hold” rating to a “sell” rating in a research note on Wednesday. ValuEngine upgraded Kearny Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, May 2nd.
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. 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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