Kearny Financial (NASDAQ:KRNY – Free Report) 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
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.
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