Kearny Financial (KRNY) Set to Announce Earnings on Thursday

Kearny Financial (NASDAQ:KRNY) is scheduled to be announcing its earnings results before the market opens on Thursday, April 25th. Analysts expect the company to announce earnings of $0.13 per share for the quarter.

Kearny Financial (NASDAQ:KRNY) last posted its quarterly earnings results on Wednesday, January 31st. The savings and loans company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.06). The firm had revenue of $19.83 million for the quarter, compared to analysts’ expectations of $42.60 million. Kearny Financial had a return on equity of 4.44% and a net margin of 5.84%.

Kearny Financial Trading Up 0.7 %

NASDAQ KRNY opened at $5.54 on Thursday. Kearny Financial has a 52-week low of $5.44 and a 52-week high of $9.46. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.97. The stock has a market capitalization of $357.00 million, a P/E ratio of 19.10 and a beta of 0.71. The firm has a 50-day moving average price of $6.22 and a 200 day moving average price of $7.27.

Kearny Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 21st. Stockholders of record on Wednesday, February 7th were given a $0.11 dividend. The ex-dividend date of this dividend was Tuesday, February 6th. This represents a $0.44 annualized dividend and a dividend yield of 7.94%. Kearny Financial’s dividend payout ratio is presently 151.73%.

Insider Buying and Selling

In other Kearny Financial news, Director Christopher Petermann bought 10,000 shares of the business’s stock in a transaction dated Thursday, February 8th. The shares were acquired at an average price of $6.14 per share, with a total value of $61,400.00. Following the purchase, the director now owns 56,139 shares in the company, valued at approximately $344,693.46. The purchase was disclosed in a document filed with the SEC, which is available through this link. In other news, Director Christopher Petermann purchased 10,000 shares of the company’s stock in a transaction that occurred on Thursday, February 8th. The shares were purchased at an average price of $6.14 per share, with a total value of $61,400.00. Following the purchase, the director now directly owns 56,139 shares of the company’s stock, valued at approximately $344,693.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Melvina Wong-Zaza purchased 3,945 shares of the company’s stock in a transaction that occurred on Wednesday, February 14th. The shares were purchased at an average cost of $6.47 per share, for a total transaction of $25,524.15. Following the purchase, the director now directly owns 6,595 shares in the company, valued at $42,669.65. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 15,945 shares of company stock worth $98,664. 8.22% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Qube Research & Technologies Ltd acquired a new position in shares of Kearny Financial in the 3rd quarter valued at about $25,000. Tower Research Capital LLC TRC raised its holdings in shares of Kearny Financial by 208.1% in the 3rd quarter. Tower Research Capital LLC TRC now owns 5,576 shares of the savings and loans company’s stock worth $39,000 after purchasing an additional 3,766 shares in the last quarter. Royal Bank of Canada raised its holdings in shares of Kearny Financial by 38.2% in the 2nd quarter. Royal Bank of Canada now owns 9,932 shares of the savings and loans company’s stock worth $70,000 after purchasing an additional 2,745 shares in the last quarter. Graham Capital Management L.P. acquired a new stake in shares of Kearny Financial during the third quarter valued at approximately $110,000. Finally, Engineers Gate Manager LP acquired a new stake in shares of Kearny Financial during the fourth quarter valued at approximately $115,000. 71.01% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Kearny Financial from a “hold” rating to a “sell” rating in a research report on Friday, January 12th.

About Kearny Financial

Kearny Financial Corp. operates as the holding company for Kearny Bank that provides various banking products and services in the United States. The company offers various deposit products, including interest-bearing and non-interest-bearing checking accounts, money market deposit accounts, savings accounts, and certificates of deposit accounts.