Insider Selling: Kearny Financial Corp. EVP Sells 1,000 Shares of Stock (KRNY)
Kearny Financial Corp. (NASDAQ:KRNY) EVP Patrick M. Joyce sold 1,000 shares of Kearny Financial Corp. stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $14.14, for a total transaction of $14,140.00. Following the completion of the transaction, the executive vice president now directly owns 3,000 shares in the company, valued at approximately $42,420. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on KRNY shares. Analysts at Compass Point cut their price target on shares of Kearny Financial Corp. from $19.00 to $17.00 in a research note on Friday, May 16th. They now have a “buy” rating on the stock. Separately, 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. Finally, 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.
Kearny Financial Corp. (NASDAQ:KRNY) traded up 1.35% during mid-day trading on Friday, hitting $14.22. 28,104 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 $14.1 and its 200-day moving average is $12.62. The company has a market cap of $934.6 million and a price-to-earnings ratio of 100.21.
Kearny Financial Corp. (NASDAQ:KRNY) last released its earnings data on Thursday, May 1st. The company reported $0.03 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.05 by $0.02. Analysts expect that Kearny Financial Corp. will post $0.17 EPS 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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