Headlines about Kearny Financial (NASDAQ:KRNY) have been trending positive this week, according to Alpha One. The research firm, a unit of Accern, identifies negative and positive media coverage by monitoring more than twenty million blog and news sources in real time. Alpha One ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Kearny Financial earned a daily sentiment score of 0.31 on Alpha One’s scale. Alpha One also gave news coverage about the savings and loans company an impact score of 50 out of 100, meaning that recent media coverage is somewhat likely to have an impact on the stock’s share price in the next few days.
Kearny Financial (NASDAQ:KRNY) traded down 0.36% on Monday, reaching $14.00. 345,217 shares of the company’s stock were exchanged. The company has a market capitalization of $1.17 billion, a PE ratio of 63.35 and a beta of 0.63. The company has a 50 day moving average price of $14.64 and a 200-day moving average price of $15.04. Kearny Financial has a 1-year low of $12.14 and a 1-year high of $16.10.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 21st. Shareholders of record on Wednesday, June 7th will be issued a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.86%. The ex-dividend date of this dividend is Monday, June 5th. Kearny Financial’s dividend payout ratio (DPR) is 38.10%.
A number of research analysts have commented on KRNY shares. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $14.50 target price on shares of Kearny Financial in a research report on Wednesday, April 5th. Compass Point raised shares of Kearny Financial from a “neutral” rating to a “buy” rating and set a $17.00 target price on the stock in a research report on Tuesday, January 31st.
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In other Kearny Financial news, CFO Eric B. Heyer sold 41,412 shares of Kearny Financial stock in a transaction dated Friday, March 10th. The stock was sold at an average price of $15.38, for a total value of $636,916.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.68% of the stock is owned by insiders.
Kearny Financial Company Profile
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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