Kearny Financial Corp. (NASDAQ:KRNY) Director Purchases $50,200.00 in Stock

Kearny Financial Corp. (NASDAQ:KRNY) Director John F. Mcgovern bought 4,000 shares of the firm’s stock in a transaction on Wednesday, September 4th. The stock was acquired at an average cost of $12.55 per share, with a total value of $50,200.00. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.

NASDAQ:KRNY traded down $0.01 during mid-day trading on Friday, reaching $12.70. The company’s stock had a trading volume of 291,052 shares, compared to its average volume of 280,276. Kearny Financial Corp. has a 12-month low of $11.26 and a 12-month high of $14.24. The firm’s fifty day moving average price is $13.00 and its two-hundred day moving average price is $13.29. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.17. The stock has a market cap of $1.11 billion, a P/E ratio of 26.31 and a beta of 0.46.

Kearny Financial (NASDAQ:KRNY) last issued its earnings results on Tuesday, July 30th. The savings and loans company reported $0.11 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.12 by ($0.01). Kearny Financial had a return on equity of 3.69% and a net margin of 16.80%. The business had revenue of $40.53 million during the quarter.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 18th. Shareholders of record on Wednesday, September 4th will be given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date of this dividend is Tuesday, September 3rd.

A number of large investors have recently modified their holdings of KRNY. Quantamental Technologies LLC purchased a new position in Kearny Financial in the 1st quarter worth about $56,000. Bank of Montreal Can raised its position in Kearny Financial by 2,805.6% in the 2nd quarter. Bank of Montreal Can now owns 7,264 shares of the savings and loans company’s stock worth $96,000 after buying an additional 7,014 shares during the last quarter. AlphaOne Investment Services LLC raised its position in Kearny Financial by 458.6% in the 2nd quarter. AlphaOne Investment Services LLC now owns 10,435 shares of the savings and loans company’s stock worth $139,000 after buying an additional 8,567 shares during the last quarter. BBT Capital Management LLC purchased a new position in Kearny Financial in the 2nd quarter worth about $144,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of Kearny Financial during the 2nd quarter valued at about $151,000. 62.96% of the stock is owned by institutional investors and hedge funds.

Separately, BidaskClub lowered Kearny Financial from a “sell” rating to a “strong sell” rating in a research report on Wednesday, June 26th.

About Kearny Financial

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.

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