Kearny Financial Corp. (NASDAQ:KRNY) Announces Quarterly Dividend of $0.11

Kearny Financial Corp. (NASDAQ:KRNY) announced a quarterly dividend on Friday, January 31st,Wall Street Journal reports. Investors of record on Wednesday, February 12th will be paid a dividend of 0.11 per share by the savings and loans company on Wednesday, February 26th. This represents a $0.44 annualized dividend and a dividend yield of 6.38%. The ex-dividend date of this dividend is Wednesday, February 12th.

Kearny Financial has increased its dividend by an average of 3.2% per year over the last three years. Kearny Financial has a payout ratio of 50.0% meaning its dividend is sufficiently covered by earnings.

Kearny Financial Trading Up 0.3 %

Kearny Financial stock traded up $0.02 during trading hours on Friday, hitting $6.90. The stock had a trading volume of 456,554 shares, compared to its average volume of 325,022. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.99. The stock has a market cap of $445.60 million, a price-to-earnings ratio of -4.76 and a beta of 0.82. Kearny Financial has a one year low of $5.28 and a one year high of $8.59. The business’s 50 day simple moving average is $7.47 and its 200-day simple moving average is $7.13.

Kearny Financial (NASDAQ:KRNY) last released its earnings results on Thursday, January 30th. The savings and loans company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.02). Kearny Financial had a positive return on equity of 3.05% and a negative net margin of 27.43%.

Analysts Set New Price Targets

A number of analysts recently issued reports on KRNY shares. StockNews.com upgraded shares of Kearny Financial from a “sell” rating to a “hold” rating in a report on Monday, October 28th. Piper Sandler raised Kearny Financial from a “neutral” rating to an “overweight” rating and dropped their price objective for the company from $9.00 to $8.50 in a research note on Monday, January 6th.

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. It offers various deposit products, including interest-bearing and non-interest-bearing checking accounts, money market deposit accounts, savings accounts, and certificates of deposit accounts.