Kearny Financial Corp. (KRNY) Director Sells $43,960.00 in Stock

Kearny Financial Corp. (NASDAQ:KRNY) Director Theodore J. Aanensen sold 3,500 shares of Kearny Financial stock in a transaction that occurred on Wednesday, December 12th. The stock was sold at an average price of $12.56, for a total value of $43,960.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of NASDAQ:KRNY traded up $0.02 during trading on Thursday, reaching $12.89. The stock had a trading volume of 601,600 shares, compared to its average volume of 367,195. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.19 and a quick ratio of 1.19. The firm has a market capitalization of $1.18 billion, a PE ratio of 32.21 and a beta of 0.61. Kearny Financial Corp. has a 1-year low of $12.15 and a 1-year high of $14.85.

Kearny Financial (NASDAQ:KRNY) last issued its quarterly earnings results on Tuesday, October 30th. The savings and loans company reported $0.12 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.12. The firm had revenue of $43.36 million for the quarter. Kearny Financial had a return on equity of 2.97% and a net margin of 12.42%.

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 12th. Stockholders of record on Wednesday, November 28th were paid a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, November 27th. This is a positive change from Kearny Financial’s previous quarterly dividend of $0.04. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.55%.

Separately, BidaskClub raised Kearny Financial from a “sell” rating to a “hold” rating in a research note on Monday, September 24th.

Large investors have recently modified their holdings of the company. US Bancorp DE acquired a new position in Kearny Financial during the second quarter worth $126,000. Verition Fund Management LLC acquired a new position in Kearny Financial during the second quarter worth $135,000. Raymond James Trust N.A. acquired a new position in Kearny Financial during the third quarter worth $146,000. Nisa Investment Advisors LLC boosted its stake in Kearny Financial by 1,173.0% during the third quarter. Nisa Investment Advisors LLC now owns 12,806 shares of the savings and loans company’s stock worth $177,000 after buying an additional 11,800 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Kearny Financial during the second quarter worth $220,000. 66.00% of the stock is currently owned by hedge funds and other institutional investors.

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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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