Kearny Financial Corp. (NASDAQ:KRNY) Director Acquires $40,050.00 in Stock

Kearny Financial Corp. (NASDAQ:KRNY – Get Rating) Director John F. Regan bought 4,500 shares of Kearny Financial stock in a transaction dated Friday, March 10th. The stock was acquired at an average cost of $8.90 per share, with a total value of $40,050.00. Following the completion of the acquisition, the director now directly owns 116,521 shares of the company’s stock, valued at approximately $1,037,036.90. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Kearny Financial Trading Down 4.3 %

NASDAQ KRNY opened at $8.51 on Tuesday. The stock has a market capitalization of $573.40 million, a P/E ratio of 12.16 and a beta of 0.62. Kearny Financial Corp. has a 52-week low of $7.72 and a 52-week high of $13.70. The firm has a 50-day moving average price of $9.96 and a 200 day moving average price of $10.24. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.59.

Kearny Financial (NASDAQ:KRNY – Get Rating) last issued its earnings results on Thursday, January 26th. The savings and loans company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.02). Kearny Financial had a return on equity of 6.43% and a net margin of 18.76%. The company had revenue of $36.31 million for the quarter, compared to analyst estimates of $49.20 million.

Kearny Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 22nd. Shareholders of record on Wednesday, February 8th were given a dividend of $0.11 per share. The ex-dividend date of this dividend was Tuesday, February 7th. This represents a $0.44 annualized dividend and a yield of 5.17%. Kearny Financial’s payout ratio is currently 62.86%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Creative Planning grew its position in Kearny Financial by 18.4% during the third quarter. Creative Planning now owns 21,265 shares of the savings and loans company’s stock worth $226,000 after buying an additional 3,309 shares during the period. LSV Asset Management grew its position in shares of Kearny Financial by 0.9% in the third quarter. LSV Asset Management now owns 425,000 shares of the savings and loans company’s stock valued at $4,513,000 after purchasing an additional 3,900 shares during the last quarter. State of New Jersey Common Pension Fund D acquired a new stake in shares of Kearny Financial in the third quarter valued at approximately $2,171,000. Brandywine Global Investment Management LLC grew its position in shares of Kearny Financial by 29.8% in the second quarter. Brandywine Global Investment Management LLC now owns 95,328 shares of the savings and loans company’s stock valued at $1,059,000 after purchasing an additional 21,912 shares during the last quarter. Finally, Alps Advisors Inc. acquired a new stake in Kearny Financial during the second quarter worth approximately $116,000. 65.41% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently commented on KRNY. Keefe, Bruyette & Woods reduced their target price on shares of Kearny Financial from $10.50 to $10.00 and set a “market perform” rating for the company in a report on Tuesday, January 31st. Compass Point raised shares of Kearny Financial from a “neutral” rating to a “buy” rating and set a $11.00 target price for the company in a report on Thursday, December 8th. TheStreet cut shares of Kearny Financial from a “b-” rating to a “c” rating in a report on Wednesday, November 30th. Finally, StockNews.com cut shares of Kearny Financial from a “hold” rating to a “sell” rating in a report on Tuesday, January 10th.

About Kearny Financial

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Kearny Financial Corp. operates as a holding company, which engages in the ownership and operation of Kearny Bank. Its services include deposits from the general public in New Jersey. The firm uses deposits, together with other funds, to originate or purchase loans for its portfolio and invest in securities.