News coverage about Kearny Financial (NASDAQ:KRNY) has been trending somewhat positive recently, according to Accern Sentiment. Accern identifies negative and positive news coverage by reviewing 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 media sentiment score of 0.16 on Accern’s scale. Accern also assigned press coverage about the savings and loans company an impact score of 47.0834054997019 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Shares of Kearny Financial (KRNY) remained flat at $15.35 during trading on Friday. 310,891 shares of the company’s stock were exchanged. The firm has a market cap of $1.24 billion, a P/E ratio of 69.77 and a beta of 0.60. The firm’s 50 day moving average price is $14.28 and its 200-day moving average price is $14.61. Kearny Financial has a 52-week low of $13.35 and a 52-week high of $16.10.
Kearny Financial (NASDAQ:KRNY) last issued its earnings results on Friday, July 28th. The savings and loans company reported $0.05 EPS for the quarter, meeting the consensus estimate of $0.05. The company had revenue of $29.75 million during the quarter. Kearny Financial had a net margin of 12.37% and a return on equity of 1.70%. On average, equities research analysts predict that Kearny Financial will post $0.24 earnings per share for the current fiscal year.
The firm also recently announced a special dividend, which will be paid on Wednesday, October 18th. Shareholders of record on Wednesday, October 4th will be given a dividend of $0.12 per share. This is a boost from Kearny Financial’s previous special dividend of $0.02. The ex-dividend date is Tuesday, October 3rd. This represents a dividend yield of 0.79%. Kearny Financial’s payout ratio is presently 57.15%.
A number of research analysts have commented on KRNY shares. BidaskClub raised Kearny Financial from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 20th. Keefe, Bruyette & Woods reiterated a “sell” rating and set a $13.00 price target on shares of Kearny Financial in a research report on Thursday, August 3rd.
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In other Kearny Financial news, Director Theodore J. Aanensen sold 2,000 shares of the company’s stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $14.11, for a total transaction of $28,220.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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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