Headlines about Kearny Financial (NASDAQ:KRNY) have been trending somewhat positive this week, Accern Sentiment reports. The research group scores the sentiment of media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Kearny Financial earned a news sentiment score of 0.16 on Accern’s scale. Accern also assigned media stories about the savings and loans company an impact score of 47.0849151895037 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Kearny Financial (NASDAQ KRNY) remained flat at $15.35 on Friday. 310,891 shares of the stock traded hands. The stock has a market capitalization of $1.24 billion, a PE ratio of 69.77 and a beta of 0.60. Kearny Financial has a 1-year low of $13.35 and a 1-year high of $16.10. The stock’s 50 day moving average price is $14.28 and its 200 day moving average price is $14.61.
Kearny Financial (NASDAQ:KRNY) last issued its quarterly earnings results on Friday, July 28th. The savings and loans company reported $0.05 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.05. Kearny Financial had a return on equity of 1.70% and a net margin of 12.37%. The company had revenue of $29.75 million for the quarter. Analysts expect that Kearny Financial will post $0.24 earnings per share for the current fiscal year.
The firm also recently declared a special dividend, which will be paid on Wednesday, October 18th. Shareholders of record on Wednesday, October 4th will be paid a dividend of $0.12 per share. This represents a dividend yield of 0.79%. The ex-dividend date of this dividend is Tuesday, October 3rd. This is a positive change from Kearny Financial’s previous special dividend of $0.02. Kearny Financial’s dividend payout ratio is currently 57.15%.
A number of research firms have recently weighed in on KRNY. Keefe, Bruyette & Woods reaffirmed a “sell” rating and set a $13.00 price objective on shares of Kearny Financial in a research report on Thursday, August 3rd. BidaskClub cut Kearny Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th.
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In other Kearny Financial news, Director Theodore J. Aanensen sold 2,000 shares of the stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $14.11, for a total transaction of $28,220.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 3.78% of the company’s stock.
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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