Kearny Financial (NASDAQ:KRNY) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued on Saturday.

Separately, Keefe, Bruyette & Woods reiterated a “sell” rating and issued a $14.00 price objective on shares of Kearny Financial in a research note on Friday, December 22nd.

Shares of Kearny Financial (KRNY) remained flat at $$14.25 during mid-day trading on Friday. The stock had a trading volume of 281,745 shares, compared to its average volume of 460,930. The firm has a market cap of $1,150.00, a P/E ratio of 59.38 and a beta of 0.56. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.11 and a current ratio of 1.11. Kearny Financial has a 12 month low of $13.35 and a 12 month high of $15.80.

Kearny Financial (NASDAQ:KRNY) last announced its earnings results on Monday, October 30th. The savings and loans company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.05 by $0.02. Kearny Financial had a net margin of 12.31% and a return on equity of 1.79%. The business had revenue of $29.90 million during the quarter.

In other Kearny Financial news, Director Theodore J. Aanensen sold 3,500 shares of Kearny Financial stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $14.49, for a total value of $50,715.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Matthew T. Mcclane sold 13,804 shares of Kearny Financial stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $14.42, for a total transaction of $199,053.68. The disclosure for this sale can be found here. Insiders sold a total of 19,804 shares of company stock valued at $286,334 in the last quarter. Corporate insiders own 3.78% of the company’s stock.

Large investors have recently modified their holdings of the company. Legal & General Group Plc raised its position in shares of Kearny Financial by 46.6% in the 2nd quarter. Legal & General Group Plc now owns 30,720 shares of the savings and loans company’s stock valued at $456,000 after buying an additional 9,765 shares in the last quarter. GSA Capital Partners LLP raised its position in shares of Kearny Financial by 457.3% in the 3rd quarter. GSA Capital Partners LLP now owns 72,390 shares of the savings and loans company’s stock valued at $1,111,000 after buying an additional 59,400 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Kearny Financial by 6.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,888,652 shares of the savings and loans company’s stock valued at $75,041,000 after buying an additional 281,128 shares in the last quarter. Ramsey Quantitative Systems acquired a new position in shares of Kearny Financial in the 2nd quarter valued at approximately $316,000. Finally, Renaissance Technologies LLC raised its position in shares of Kearny Financial by 7.6% in the 2nd quarter. Renaissance Technologies LLC now owns 3,703,521 shares of the savings and loans company’s stock valued at $54,997,000 after buying an additional 262,503 shares in the last quarter. Institutional investors own 62.44% of the company’s stock.

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About Kearny Financial

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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