Shares of Kearny Financial Corp. (NASDAQ:KRNY) have received a consensus broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating.
Brokerages have set a one year consensus target price of $13.50 for the company, according to Zacks. Zacks has also assigned Kearny Financial Corp. an industry rank of 112 out of 265 based on the ratings given to its competitors.
Separately, Keefe, Bruyette & Woods increased their price objective on shares of Kearny Financial Corp. from $13.00 to $13.50 and gave the stock a “market perform” rating in a research report on Wednesday, September 7th.
In other Kearny Financial Corp. news, Director John F. Mcgovern purchased 3,300 shares of the firm’s stock in a transaction on Thursday, August 11th. The stock was bought at an average price of $13.29 per share, with a total value of $43,857.00. Following the transaction, the director now directly owns 194,853 shares of the company’s stock, valued at approximately $2,589,596.37. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 2.68% of the stock is currently owned by company insiders.
A number of institutional investors have recently modified their holdings of the stock. BNP Paribas Arbitrage SA boosted its position in shares of Kearny Financial Corp. by 110.8% in the third quarter. BNP Paribas Arbitrage SA now owns 7,565 shares of the company’s stock valued at $103,000 after buying an additional 3,977 shares in the last quarter. A.R.T. Advisors LLC acquired a new position in shares of Kearny Financial Corp. during the second quarter valued at approximately $126,000. Benin Management CORP acquired a new position in shares of Kearny Financial Corp. during the second quarter valued at approximately $127,000. Jefferies Group LLC acquired a new position in shares of Kearny Financial Corp. during the second quarter valued at approximately $131,000. Finally, Paradigm Asset Management Co. LLC boosted its position in shares of Kearny Financial Corp. by 8.4% in the second quarter. Paradigm Asset Management Co. LLC now owns 11,668 shares of the company’s stock valued at $147,000 after buying an additional 900 shares in the last quarter. 62.66% of the stock is owned by institutional investors.
Kearny Financial Corp. (NASDAQ:KRNY) opened at 13.67 on Friday. The stock’s 50 day moving average price is $13.71 and its 200-day moving average price is $13.07. Kearny Financial Corp. has a 12 month low of $11.31 and a 12 month high of $14.09. The firm has a market capitalization of $1.23 billion, a P/E ratio of 77.23 and a beta of 0.63.
Kearny Financial Corp. (NASDAQ:KRNY) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.05 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.05. Kearny Financial Corp. had a net margin of 11.50% and a return on equity of 1.36%. Equities analysts forecast that Kearny Financial Corp. will post $0.21 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 14th. Shareholders of record on Wednesday, August 31st were given a $0.02 dividend. The ex-dividend date was Monday, August 29th. This represents a $0.08 annualized dividend and a yield of 0.59%. Kearny Financial Corp.’s dividend payout ratio is presently 47.06%.
About Kearny Financial Corp.
Kearny Bank is principally engaged in the business of attracting deposits from the general public at its 41 locations in New Jersey and using these deposits, together with other funds, to originate or purchase loans for its portfolio and invest in securities. Loans originated or purchased by the Bank generally include loans collateralized by residential and commercial real estate augmented by secured and unsecured loans to businesses and consumers.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Kearny Financial Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kearny Financial Corp. and related companies with MarketBeat.com's FREE daily email newsletter.