Press coverage about Kearny Financial (NASDAQ:KRNY) has been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm ranks the sentiment of media coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Kearny Financial earned a coverage optimism score of 0.15 on Accern’s scale. Accern also gave headlines about the savings and loans company an impact score of 47.8083949023345 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
KRNY has been the subject of a number of recent research reports. Keefe, Bruyette & Woods restated a “sell” rating and set a $13.00 price objective on shares of Kearny Financial in a research note on Thursday, August 3rd. BidaskClub downgraded Kearny Financial from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th.
Kearny Financial (KRNY) opened at $14.45 on Monday. The company has a market capitalization of $1,170.71, a price-to-earnings ratio of 62.83 and a beta of 0.59. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.11 and a current ratio of 1.11. 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 quarterly earnings data on Monday, October 30th. The savings and loans company reported $0.07 EPS for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.02. Kearny Financial had a return on equity of 1.79% and a net margin of 12.31%. The firm had revenue of $29.90 million during the quarter.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 20th. Stockholders of record on Wednesday, December 6th will be paid a $0.03 dividend. The ex-dividend date is Tuesday, December 5th. This represents a $0.12 annualized dividend and a dividend yield of 0.83%. Kearny Financial’s payout ratio is 52.17%.
In other news, Director Matthew T. Mcclane sold 13,804 shares of the stock in a transaction on Friday, November 17th. The stock was sold at an average price of $14.42, for a total value of $199,053.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 value of $28,220.00. The disclosure for this sale can be found here. Corporate insiders own 3.78% of the company’s stock.
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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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