Kearny Financial (KRNY) Releases Quarterly Earnings Results, Hits Estimates

Kearny Financial (NASDAQ:KRNY) released its quarterly earnings data on Tuesday. The savings and loans company reported $0.12 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.12, MarketWatch Earnings reports. Kearny Financial had a return on equity of 2.57% and a net margin of 10.61%. The business had revenue of $43.36 million for the quarter.

Shares of KRNY stock traded down $0.47 during trading on Wednesday, reaching $12.80. 13,769 shares of the company’s stock were exchanged, compared to its average volume of 349,871. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.94. The firm has a market capitalization of $1.27 billion, a PE ratio of 39.70 and a beta of 0.55. Kearny Financial has a twelve month low of $12.75 and a twelve month high of $15.40.

The business also recently declared a special dividend, which was paid on Wednesday, October 17th. Shareholders of record on Wednesday, October 3rd were given a dividend of $0.16 per share. This is a positive change from Kearny Financial’s previous special dividend of $0.12. The ex-dividend date of this dividend was Tuesday, October 2nd. This represents a dividend yield of 1.15%.

Separately, BidaskClub cut Kearny Financial from a “hold” rating to a “sell” rating in a report on Tuesday, July 17th.

In other Kearny Financial news, Director John F. Mcgovern bought 11,000 shares of the firm’s stock in a transaction that occurred on Friday, August 10th. The shares were acquired at an average cost of $13.70 per share, with a total value of $150,700.00. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. 3.62% of the stock is currently owned by insiders.

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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Earnings History for Kearny Financial (NASDAQ:KRNY)

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