Kearny Financial (KRNY) Scheduled to Post Earnings on Thursday

Kearny Financial (NASDAQ:KRNY) will post its quarterly earnings results before the market opens on Thursday, April 25th. Analysts expect Kearny Financial to post earnings of $0.13 per share for the quarter.

Kearny Financial (NASDAQ:KRNY) last issued its quarterly earnings data on Wednesday, January 31st. The savings and loans company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.06). The business had revenue of $19.83 million for the quarter, compared to the consensus estimate of $42.60 million. Kearny Financial had a net margin of 5.84% and a return on equity of 4.44%.

Kearny Financial Stock Performance

Shares of KRNY opened at $5.86 on Wednesday. The firm has a market cap of $377.60 million, a price-to-earnings ratio of 20.21 and a beta of 0.71. The company’s fifty day moving average is $6.16 and its 200-day moving average is $7.25. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.97. Kearny Financial has a 12 month low of $5.44 and a 12 month high of $9.46.

Insider Buying and Selling

In other news, Director Melvina Wong-Zaza acquired 3,945 shares of the firm’s stock in a transaction that occurred on Wednesday, February 14th. The stock was acquired at an average cost of $6.47 per share, with a total value of $25,524.15. Following the acquisition, the director now owns 6,595 shares in the company, valued at $42,669.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Melvina Wong-Zaza bought 3,945 shares of the company’s stock in a transaction that occurred on Wednesday, February 14th. The shares were purchased at an average price of $6.47 per share, for a total transaction of $25,524.15. Following the acquisition, the director now directly owns 6,595 shares of the company’s stock, valued at approximately $42,669.65. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Christopher Petermann purchased 10,000 shares of the firm’s stock in a transaction on Thursday, February 8th. The shares were purchased at an average price of $6.14 per share, with a total value of $61,400.00. Following the completion of the acquisition, the director now directly owns 56,139 shares of the company’s stock, valued at $344,693.46. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 15,945 shares of company stock worth $98,664. 8.22% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Kearny Financial from a “hold” rating to a “sell” rating in a report on Friday, January 12th.

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. The company offers various deposit products, including interest-bearing and non-interest-bearing checking accounts, money market deposit accounts, savings accounts, and certificates of deposit accounts.