Insider Selling: Kearny Financial Corp. EVP Sells 1,317 Shares of Stock (KRNY)
Kearny Financial Corp. (NASDAQ:KRNY) EVP Khanh Vuong sold 1,317 shares of Kearny Financial Corp. stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $14.08, for a total value of $18,543.36. Following the completion of the sale, the executive vice president now directly owns 32 shares in the company, valued at approximately $451. The transaction was disclosed in a filing with the SEC, which is available at this link.
A number of analysts have recently weighed in on KRNY shares. Analysts at TheStreet downgraded shares of Kearny Financial Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, May 7th. Separately, analysts at Keefe, Bruyette & Woods raised their price target on shares of Kearny Financial Corp. from $11.00 to $14.50 in a research note on Tuesday, March 18th. Finally, analysts at Compass Point initiated coverage on shares of Kearny Financial Corp. in a research note on Thursday, March 13th. They set a “buy” rating and a $19.00 price target on the stock.
Kearny Financial Corp. (NASDAQ:KRNY) traded up 1.45% on Monday, hitting $13.95. 37,945 shares of the company’s stock traded hands. Kearny Financial Corp. has a 52-week low of $9.19 and a 52-week high of $15.49. The stock’s 50-day moving average is $14.50 and its 200-day moving average is $12.2. The company has a market cap of $916.3 million and a P/E ratio of 98.21.
Kearny Financial Corp. (NASDAQ:KRNY) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.03 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.05 by $0.02. On average, analysts predict that Kearny Financial Corp. will post $0.18 earnings per share for the current fiscal year.
Kearny Financial Corp. is a holding company for Kearny Federal Savings Bank (NASDAQ:KRNY), a Federally-Chartered stock savings bank.
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