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Kearny Financial Corp. (NASDAQ:KRNY) was upgraded by research analysts at TheStreet from a “hold” rating to a “buy” rating in a report released on Tuesday.

The analysts wrote, “Kearny Financial (KRNY) has been upgraded by TheStreet Ratings from hold to buy. The company’s strengths can be seen in multiple areas, such as its solid stock price performance, expanding profit margins, notable return on equity and increase in net income. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value.”

KRNY has been the subject of a number of other recent research reports. 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 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 0.40% on Tuesday, hitting $15.05. 21,085 shares of the company’s stock traded hands. Kearny Financial Corp. has a 1-year low of $9.19 and a 1-year high of $15.49. The stock has a 50-day moving average of $14.09 and a 200-day moving average of $12.84. The company has a market cap of $989.2 million and a price-to-earnings ratio of 107.07.

Kearny Financial Corp. (NASDAQ:KRNY) last issued its quarterly 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. On average, analysts predict that Kearny Financial Corp. will post $0.17 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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