Kearny Financial (NASDAQ:KRNY) Given New $7.00 Price Target at Keefe, Bruyette & Woods

Kearny Financial (NASDAQ:KRNY) had its price objective hoisted by Keefe, Bruyette & Woods from $6.00 to $7.00 in a research report report published on Tuesday, Benzinga reports. They currently have a market perform rating on the savings and loans company’s stock.

Kearny Financial Trading Down 3.6 %

KRNY opened at $6.94 on Tuesday. Kearny Financial has a 1-year low of $5.28 and a 1-year high of $9.46. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 2.05. The company has a market cap of $447.21 million, a P/E ratio of 27.76 and a beta of 0.78. The company has a fifty day moving average price of $6.04 and a two-hundred day moving average price of $6.26.

Kearny Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 26th. Stockholders of record on Monday, August 12th will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 6.34%. The ex-dividend date is Monday, August 12th. Kearny Financial’s payout ratio is presently 176.00%.

Insider Activity

In related news, Director Melvina Wong-Zaza bought 8,340 shares of the company’s stock in a transaction on Tuesday, May 21st. The shares were purchased at an average cost of $5.95 per share, for a total transaction of $49,623.00. Following the completion of the purchase, the director now directly owns 14,935 shares in the company, valued at $88,863.25. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. In other Kearny Financial news, Director Melvina Wong-Zaza purchased 8,340 shares of the stock in a transaction dated Tuesday, May 21st. The shares were bought at an average price of $5.95 per share, with a total value of $49,623.00. Following the completion of the transaction, the director now directly owns 14,935 shares in the company, valued at approximately $88,863.25. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Charles J. Pivirotto bought 5,160 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The shares were purchased at an average cost of $5.76 per share, for a total transaction of $29,721.60. Following the acquisition, the director now directly owns 59,573 shares in the company, valued at approximately $343,140.48. The disclosure for this purchase can be found here. 8.22% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Kearny Financial

Institutional investors have recently made changes to their positions in the stock. Quadrant Capital Group LLC increased its holdings in shares of Kearny Financial by 44.9% in the 4th quarter. Quadrant Capital Group LLC now owns 5,199 shares of the savings and loans company’s stock worth $47,000 after buying an additional 1,612 shares during the last quarter. Simplicity Wealth LLC purchased a new stake in shares of Kearny Financial in the 1st quarter valued at $94,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Kearny Financial by 55.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,216 shares of the savings and loans company’s stock valued at $110,000 after purchasing an additional 4,363 shares in the last quarter. CWM LLC boosted its stake in shares of Kearny Financial by 1,798.6% in the 2nd quarter. CWM LLC now owns 20,106 shares of the savings and loans company’s stock valued at $124,000 after purchasing an additional 19,047 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in shares of Kearny Financial by 91.3% in the 1st quarter. BNP Paribas Financial Markets now owns 27,598 shares of the savings and loans company’s stock valued at $178,000 after purchasing an additional 13,171 shares in the last quarter. Institutional investors own 71.01% of the company’s stock.

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. 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.