Kearny Financial (NASDAQ:KRNY) Share Price Passes Above 200-Day Moving Average – Should You Sell?

Kearny Financial (NASDAQ:KRNY) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $6.39 and traded as high as $6.40. Kearny Financial shares last traded at $6.36, with a volume of 456,171 shares.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Kearny Financial in a report on Friday, October 31st. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Kearny Financial presently has an average rating of “Hold” and a consensus target price of $7.75.

Kearny Financial Trading Down 0.8%

The firm has a 50 day simple moving average of $6.60 and a 200 day simple moving average of $6.39. The company has a debt-to-equity ratio of 1.71, a quick ratio of 1.05 and a current ratio of 1.05. The firm has a market cap of $411.81 million, a P/E ratio of 13.53 and a beta of 0.82.

Kearny Financial (NASDAQ:KRNY) last issued its earnings results on Thursday, October 23rd. The savings and loans company reported $0.15 EPS for the quarter, hitting the consensus estimate of $0.15. Kearny Financial had a return on equity of 3.90% and a net margin of 8.57%.The business had revenue of $42.80 million during the quarter, compared to the consensus estimate of $42.43 million.

Kearny Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 19th. Shareholders of record on Wednesday, November 5th will be paid a $0.11 dividend. The ex-dividend date is Wednesday, November 5th. This represents a $0.44 annualized dividend and a yield of 6.9%. Kearny Financial’s dividend payout ratio (DPR) is currently 93.62%.

Insider Buying and Selling

In related news, Director Leopold W. Montanaro bought 10,000 shares of the business’s stock in a transaction on Friday, September 19th. The stock was acquired at an average price of $6.57 per share, for a total transaction of $65,700.00. Following the purchase, the director directly owned 265,227 shares in the company, valued at $1,742,541.39. This trade represents a 3.92% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 7.44% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in KRNY. GAMMA Investing LLC boosted its position in shares of Kearny Financial by 119.6% during the 1st quarter. GAMMA Investing LLC now owns 6,355 shares of the savings and loans company’s stock valued at $40,000 after acquiring an additional 3,461 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of Kearny Financial by 43.7% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 26,828 shares of the savings and loans company’s stock valued at $168,000 after acquiring an additional 8,164 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Kearny Financial by 11.0% during the 1st quarter. Bank of New York Mellon Corp now owns 370,916 shares of the savings and loans company’s stock valued at $2,322,000 after acquiring an additional 36,711 shares during the last quarter. Cerity Partners LLC boosted its position in shares of Kearny Financial by 42.6% during the 1st quarter. Cerity Partners LLC now owns 41,637 shares of the savings and loans company’s stock valued at $261,000 after acquiring an additional 12,443 shares during the last quarter. Finally, CWM LLC boosted its position in shares of Kearny Financial by 35.2% during the 1st quarter. CWM LLC now owns 55,179 shares of the savings and loans company’s stock valued at $345,000 after acquiring an additional 14,377 shares during the last quarter. Institutional investors own 71.01% of the company’s stock.

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.