Kearny Financial (NASDAQ:KRNY – Get Rating) had its price target lowered by Piper Sandler to $12.00 in a report released on Wednesday, Stock Target Advisor reports. Piper Sandler's price target would indicate a potential upside of 10.80% from the company's current price.
Kearny Financial Stock Down 2.3 %
KRNY traded down $0.26 during midday trading on Wednesday, hitting $10.83. 332,468 shares of the company's stock traded hands, compared to its average volume of 321,899. Kearny Financial has a one year low of $10.59 and a one year high of $13.89. The company has a market cap of $738.39 million, a PE ratio of 11.52 and a beta of 0.75. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.94 and a quick ratio of 0.94. The stock's fifty day simple moving average is $11.59 and its 200-day simple moving average is $11.81.
Get
Kearny Financial alerts:
Kearny Financial (NASDAQ:KRNY – Get Rating) last released its quarterly earnings results on Thursday, July 28th. The savings and loans company reported $0.18 EPS for the quarter, missing analysts' consensus estimates of $0.22 by ($0.04). Kearny Financial had a net margin of 28.12% and a return on equity of 7.21%. The firm had revenue of $53.41 million during the quarter, compared to the consensus estimate of $51.60 million.
Insider Buying and Selling
In other Kearny Financial news, EVP Thomas Demedici sold 2,500 shares of Kearny Financial stock in a transaction on Tuesday, August 2nd. The shares were sold at an average price of $12.01, for a total transaction of $30,025.00. Following the sale, the executive vice president now owns 55,392 shares in the company, valued at $665,257.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through
this link. 7.56% of the stock is currently owned by insiders.
Institutional Investors Weigh In On Kearny Financial
Several institutional investors and hedge funds have recently made changes to their positions in KRNY. Alps Advisors Inc. bought a new stake in Kearny Financial during the 2nd quarter worth about $116,000. BNP Paribas Arbitrage SA increased its stake in shares of Kearny Financial by 20.9% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 14,380 shares of the savings and loans company's stock valued at $160,000 after acquiring an additional 2,488 shares during the last quarter. First Financial Bank Trust Division bought a new stake in shares of Kearny Financial in the 1st quarter valued at about $166,000. NCM Capital Management LLC acquired a new position in shares of Kearny Financial in the 1st quarter valued at approximately $205,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Kearny Financial in the 2nd quarter valued at approximately $207,000. Institutional investors and hedge funds own 64.85% of the company's stock.
About Kearny Financial
(Get Rating)
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.
Read More
- Get a free copy of the StockNews.com research report on Kearny Financial (KRNY)
- Hot Potato: Lamb Weston Stock Confirms a Top
- Too Soon: 3 Reasons to Wait on DocuSign Stock
- Rite-Aid Sings a Familiar Tune That Investors Don't Want to Hear
- Don't Give Up on These Q3 Losers
- The Anatomy of a Great Pension Plan
Receive News & Ratings for Kearny Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kearny Financial and related companies with MarketBeat.com's FREE daily email newsletter.
