News coverage about Kearny Financial (NASDAQ:KRNY) has trended very positive recently, according to Alpha One Sentiment. Alpha One, a division of Accern, identifies negative and positive press coverage by monitoring more than twenty million news and blog 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 0.56 on Alpha One’s scale. Alpha One also gave media headlines about the savings and loans company an impact score of 100 out of 100, meaning that recent press coverage is extremely likely to have an impact on the stock’s share price in the near future.
Shares of Kearny Financial (NASDAQ:KRNY) opened at 14.15 on Friday. The stock’s 50 day moving average price is $14.54 and its 200-day moving average price is $15.03. Kearny Financial has a 12-month low of $12.14 and a 12-month high of $16.10. The company has a market cap of $1.18 billion, a PE ratio of 64.03 and a beta of 0.63.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 21st. Shareholders of record on Wednesday, June 7th will be given a $0.03 dividend. The ex-dividend date is Monday, June 5th. This represents a $0.12 dividend on an annualized basis and a yield of 0.85%. Kearny Financial’s dividend payout ratio (DPR) is presently 38.10%.
Separately, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $14.50 price target on shares of Kearny Financial in a report on Wednesday, April 5th.
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In other Kearny Financial news, CFO Eric B. Heyer sold 41,412 shares of the business’s stock in a transaction dated Friday, March 10th. The shares were sold at an average price of $15.38, for a total value of $636,916.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.68% of the stock is owned by insiders.
About Kearny Financial
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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