Kearny Financial (KRNY) to Release Quarterly Earnings on Thursday

Kearny Financial (NASDAQ:KRNY) will likely be announcing its earnings results before the market opens on Thursday, April 24th. Analysts expect the company to announce earnings of $0.11 per share and revenue of $38.71 million for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Kearny Financial (NASDAQ:KRNY) last released its quarterly earnings data on Thursday, January 30th. The savings and loans company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.02). Kearny Financial had a negative net margin of 20.05% and a positive return on equity of 3.31%.

Kearny Financial Trading Up 0.7 %

Shares of KRNY stock opened at $5.86 on Thursday. The stock has a market capitalization of $378.44 million, a P/E ratio of -5.19 and a beta of 0.70. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.69. The firm’s 50 day moving average is $6.47 and its 200 day moving average is $7.07. Kearny Financial has a 12-month low of $5.28 and a 12-month high of $8.59.

Kearny Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 7.51%. The ex-dividend date was Wednesday, February 12th. Kearny Financial’s payout ratio is -38.94%.

Analysts Set New Price Targets

Separately, Piper Sandler raised Kearny Financial from a “neutral” rating to an “overweight” rating and lowered their price objective for the company from $9.00 to $8.50 in a research report on Monday, January 6th.

Insider Activity at Kearny Financial

In other Kearny Financial news, Director Melvina Wong-Zaza bought 5,000 shares of the firm’s stock in a transaction dated Friday, February 7th. The shares were purchased at an average cost of $7.23 per share, for a total transaction of $36,150.00. Following the transaction, the director now owns 27,535 shares of the company’s stock, valued at $199,078.05. This represents a 22.19 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 8.56% of the stock is owned by insiders.

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