Kearny Financial (KRNY) Set to Announce Quarterly Earnings on Thursday

Kearny Financial (NASDAQ:KRNYGet Rating) will issue its quarterly earnings data before the market opens on Thursday, April 28th. Analysts expect the company to announce earnings of $0.22 per share for the quarter.

Kearny Financial (NASDAQ:KRNYGet Rating) last released its quarterly earnings results on Thursday, January 27th. The savings and loans company reported $0.26 EPS for the quarter. The firm had revenue of $52.82 million during the quarter. Kearny Financial had a net margin of 29.83% and a return on equity of 7.25%. During the same quarter last year, the company earned $0.20 EPS.

Shares of Kearny Financial stock opened at $12.82 on Thursday. The stock has a market cap of $932.69 million, a P/E ratio of 13.48 and a beta of 0.75. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.89 and a current ratio of 0.89. Kearny Financial has a one year low of $11.25 and a one year high of $13.89. The stock’s fifty day moving average price is $13.01.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 23rd. Shareholders of record on Wednesday, February 9th were given a dividend of $0.11 per share. The ex-dividend date of this dividend was Tuesday, February 8th. This represents a $0.44 dividend on an annualized basis and a yield of 3.43%. Kearny Financial’s payout ratio is currently 45.83%.

KRNY has been the subject of a number of research analyst reports. StockNews.com started coverage on shares of Kearny Financial in a report on Thursday, March 31st. They issued a “hold” rating for the company. Piper Sandler cut shares of Kearny Financial from an “overweight” rating to a “neutral” rating and set a $14.00 price objective on the stock. in a research note on Thursday, January 6th.

In related news, EVP Patrick M. Joyce sold 2,000 shares of the stock in a transaction dated Friday, March 11th. The shares were sold at an average price of $13.26, for a total value of $26,520.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 6.23% of the stock is currently owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in the business. Norges Bank acquired a new stake in shares of Kearny Financial during the 4th quarter worth about $7,765,000. Barclays PLC boosted its stake in shares of Kearny Financial by 24.8% during the 4th quarter. Barclays PLC now owns 82,361 shares of the savings and loans company’s stock worth $1,092,000 after purchasing an additional 16,349 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Kearny Financial by 12.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 198,647 shares of the savings and loans company’s stock worth $2,632,000 after purchasing an additional 21,418 shares during the last quarter. Parametric Portfolio Associates LLC lifted its holdings in shares of Kearny Financial by 44.8% during the 4th quarter. Parametric Portfolio Associates LLC now owns 174,897 shares of the savings and loans company’s stock worth $2,317,000 after acquiring an additional 54,100 shares during the period. Finally, Stifel Financial Corp lifted its holdings in shares of Kearny Financial by 14.2% during the 4th quarter. Stifel Financial Corp now owns 15,771 shares of the savings and loans company’s stock worth $209,000 after acquiring an additional 1,967 shares during the period. 63.69% of the stock is currently owned by institutional investors.

Kearny Financial Company Profile (Get Rating)

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.

See Also

Earnings History for Kearny Financial (NASDAQ:KRNY)

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