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

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

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

Kearny Financial Stock Performance

NASDAQ:KRNY opened at $5.54 on Thursday. The company has a current ratio of 1.09, a quick 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. The stock has a 50-day moving average price of $6.22 and a 200 day moving average price of $7.27. The stock has a market capitalization of $357.00 million, a P/E ratio of 19.10 and a beta of 0.71.

Kearny Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 21st. Stockholders of record on Wednesday, February 7th were paid a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 7.94%. The ex-dividend date of this dividend was Tuesday, February 6th. Kearny Financial’s payout ratio is 151.73%.

Analyst Ratings Changes

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

Insider Activity

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

Hedge Funds Weigh In On Kearny Financial

A number of large investors have recently bought and sold shares of KRNY. Qube Research & Technologies Ltd purchased a new stake in Kearny Financial during the 3rd quarter worth approximately $25,000. Tower Research Capital LLC TRC grew its position in Kearny Financial by 208.1% in the third quarter. Tower Research Capital LLC TRC now owns 5,576 shares of the savings and loans company’s stock worth $39,000 after acquiring an additional 3,766 shares during the period. Royal Bank of Canada lifted its stake in Kearny Financial by 38.2% during the second quarter. Royal Bank of Canada now owns 9,932 shares of the savings and loans company’s stock worth $70,000 after purchasing an additional 2,745 shares in the last quarter. Graham Capital Management L.P. acquired a new position in Kearny Financial during the third quarter worth $110,000. Finally, Engineers Gate Manager LP acquired a new position in Kearny Financial during the fourth quarter worth $115,000. Institutional investors and hedge funds own 71.01% of the company’s stock.

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.