Kearny Financial (NASDAQ:KRNY) Shares Gap Down After Earnings Miss

Kearny Financial (NASDAQ:KRNY) gapped down before the market opened on Thursday after the company announced weaker than expected quarterly earnings. The stock had previously closed at $9.48, but opened at $8.92. Kearny Financial shares last traded at $9.0180, with a volume of 190,049 shares.

The savings and loans company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.02). The firm had revenue of $45.69 million during the quarter, compared to the consensus estimate of $45.61 million. Kearny Financial had a return on equity of 4.92% and a net margin of 10.45%.

Kearny Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 26th. Stockholders of record on Wednesday, August 12th will be given a $0.11 dividend. The ex-dividend date of this dividend is Wednesday, August 12th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 4.7%. Kearny Financial’s dividend payout ratio is currently 77.19%.

Kearny Financial News Roundup

Here are the key news stories impacting Kearny Financial this week:

• Positive Sentiment: The company announced a quarterly cash dividend of $0.11 per share, equal to a 4.8% annualized yield, which supports the stock’s income appeal. Kearny Financial Corp. Announces Fourth Quarter and Fiscal Year End 2026 Results and Declaration of $0.11 Per Share Cash Dividend
• Neutral Sentiment: Kearny Financial reported quarterly EPS of $0.15 versus expectations of $0.17, a modest miss that may cap upside, though revenue came in slightly above estimates at $45.69 million. Kearny (KRNY) Q4 Earnings Lag Estimates
• Neutral Sentiment: The company’s short-interest update showed no shares reported short as of July 24, suggesting little visible bearish positioning, but the data point appears limited in usefulness given the reported zeroes.
• Negative Sentiment: The earnings miss likely weighed on sentiment, with one report noting the stock was already down after the results as investors focused on softer-than-expected profit growth. Why Kearny Financial Corp.’s (KRNY) Stock Is Down 5.01%

Analysts Set New Price Targets

A number of brokerages recently issued reports on KRNY. Weiss Ratings cut shares of Kearny Financial from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, July 14th. Zacks Research upgraded shares of Kearny Financial to a “hold” rating in a report on Monday, April 27th. Finally, Piper Sandler raised their target price on shares of Kearny Financial from $9.50 to $10.50 and gave the company an “overweight” rating in a research note on Thursday, June 25th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $10.50.

Insiders Place Their Bets

In other news, Director Melvina Wong-Zaza purchased 3,500 shares of the company’s stock in a transaction that occurred on Thursday, June 11th. The shares were bought at an average price of $8.57 per share, for a total transaction of $29,995.00. Following the purchase, the director directly owned 33,910 shares in the company, valued at approximately $290,608.70. This trade represents a 11.51% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Curtland E. Fields acquired 3,600 shares of the business’s stock in a transaction that occurred on Thursday, June 18th. The shares were purchased at an average cost of $8.41 per share, for a total transaction of $30,276.00. Following the completion of the transaction, the director directly owned 43,200 shares in the company, valued at $363,312. The trade was a 9.09% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders bought 24,800 shares of company stock worth $211,196. Insiders own 7.44% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. CANADA LIFE ASSURANCE Co grew its holdings in shares of Kearny Financial by 35.6% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 6,118 shares of the savings and loans company’s stock valued at $45,000 after buying an additional 1,605 shares during the last quarter. Russell Investments Group Ltd. increased its position in shares of Kearny Financial by 15.6% during the fourth quarter. Russell Investments Group Ltd. now owns 11,930 shares of the savings and loans company’s stock valued at $88,000 after acquiring an additional 1,610 shares in the last quarter. First Trust Advisors LP raised its holdings in Kearny Financial by 4.1% in the 2nd quarter. First Trust Advisors LP now owns 42,765 shares of the savings and loans company’s stock worth $276,000 after acquiring an additional 1,668 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in Kearny Financial by 103.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 3,448 shares of the savings and loans company’s stock worth $26,000 after acquiring an additional 1,753 shares during the last quarter. Finally, Quantinno Capital Management LP lifted its position in Kearny Financial by 4.1% in the 2nd quarter. Quantinno Capital Management LP now owns 47,259 shares of the savings and loans company’s stock valued at $305,000 after acquiring an additional 1,865 shares in the last quarter. Institutional investors own 71.01% of the company’s stock.

Kearny Financial Price Performance

The firm has a market capitalization of $608.56 million, a P/E ratio of 16.49 and a beta of 0.64. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.03 and a current ratio of 1.03. The firm has a 50-day moving average of $8.82 and a 200-day moving average of $8.16.

Kearny Financial Company Profile

Kearny Financial, Inc was the bank holding company for Kearny Bank, a New Jersey–based community bank offering a full suite of commercial and consumer banking services. Through its subsidiary, the company provided deposit products, lending facilities and electronic banking solutions to individuals, small businesses and middle-market corporations.

The company’s core products included checking and savings accounts, certificates of deposit, residential and commercial real estate loans, construction financing, equipment financing, home equity lines of credit and consumer installment loans.