Kearny Financial (NASDAQ:KRNY) declared a quarterly dividend on Thursday, May 25th. Shareholders of record on Wednesday, June 7th will be paid a dividend of 0.03 per share by the savings and loans company on Wednesday, June 21st. 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 (NASDAQ KRNY) opened at 13.90 on Wednesday. Kearny Financial has a 12 month low of $12.14 and a 12 month high of $16.10. The stock has a market cap of $1.16 billion, a price-to-earnings ratio of 62.90 and a beta of 0.63. The firm’s 50-day moving average price is $14.61 and its 200 day moving average price is $15.05.
In other Kearny Financial news, CFO Eric B. Heyer sold 41,412 shares of the company’s stock in a transaction on Friday, March 10th. The stock was sold at an average price of $15.38, for a total value of $636,916.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 2.68% of the stock is currently owned by corporate insiders.
An institutional investor recently raised its position in Kearny Financial stock. Teachers Advisors LLC increased its position in Kearny Financial (NASDAQ:KRNY) by 7.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 151,944 shares of the savings and loans company’s stock after buying an additional 10,854 shares during the period. Teachers Advisors LLC owned approximately 0.18% of Kearny Financial worth $2,287,000 as of its most recent filing with the SEC. Institutional investors own 65.58% of the company’s stock.
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Several brokerages have weighed in on KRNY. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $14.50 target price on shares of Kearny Financial in a report on Wednesday, April 5th. Compass Point upgraded Kearny Financial from a “neutral” rating to a “buy” rating and set a $17.00 target price for the company in a report on Tuesday, January 31st.
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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