Kearny Financial (KRNY) to Release Quarterly Earnings on Thursday
Kearny Financial (NASDAQ:KRNY) is scheduled to issue its quarterly earnings data before the market opens on Thursday, October 26th. Analysts expect the company to announce earnings of $0.05 per share for the quarter.
Kearny Financial (NASDAQ:KRNY) last released its quarterly earnings data on Friday, July 28th. The savings and loans company reported $0.05 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.05. The company had revenue of $29.75 million during the quarter. Kearny Financial had a net margin of 12.37% and a return on equity of 1.70%. On average, analysts expect Kearny Financial to post $0.24 EPS for the current fiscal year and $0.28 EPS for the next fiscal year.
Shares of Kearny Financial (KRNY) opened at 15.40 on Thursday. The stock has a market capitalization of $1.24 billion, a PE ratio of 70.00 and a beta of 0.61. Kearny Financial has a 52-week low of $13.35 and a 52-week high of $16.10. The firm has a 50-day moving average of $14.87 and a 200 day moving average of $14.64.
The business also recently declared a special dividend, which was paid on Wednesday, October 18th. Shareholders of record on Wednesday, October 4th were given a dividend of $0.12 per share. The ex-dividend date was Tuesday, October 3rd. This is a boost from Kearny Financial’s previous special dividend of $0.02. This represents a dividend yield of 0.79%. Kearny Financial’s dividend payout ratio (DPR) is currently 57.15%.
A number of equities research analysts have weighed in on KRNY shares. BidaskClub upgraded shares of Kearny Financial from a “sell” rating to a “hold” rating in a research report on Thursday, June 29th. Keefe, Bruyette & Woods reissued a “sell” rating and issued a $13.00 price objective on shares of Kearny Financial in a research note on Thursday, August 3rd.
In other news, Director Theodore J. Aanensen sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $14.11, for a total value of $28,220.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 3.78% of the company’s stock.
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Kearny Financial Company Profile
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.
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