Media stories about Kearny Financial (NASDAQ:KRNY) have trended somewhat positive recently, Accern Sentiment reports. The research firm scores the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Kearny Financial earned a coverage optimism score of 0.20 on Accern’s scale. Accern also gave news stories about the savings and loans company an impact score of 47.149817005436 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Shares of Kearny Financial (NASDAQ:KRNY) traded down 0.32% during trading on Wednesday, hitting $15.45. 273,701 shares of the company were exchanged. The company has a 50 day moving average of $14.66 and a 200-day moving average of $14.62. The stock has a market capitalization of $1.25 billion, a PE ratio of 70.23 and a beta of 0.61. Kearny Financial has a 1-year low of $13.35 and a 1-year high of $16.10.
Kearny Financial (NASDAQ:KRNY) last released its quarterly earnings data on Friday, July 28th. The savings and loans company reported $0.05 EPS for the quarter, meeting the consensus estimate of $0.05. Kearny Financial had a return on equity of 1.70% and a net margin of 12.37%. The company had revenue of $29.75 million for the quarter. On average, analysts forecast that Kearny Financial will post $0.24 earnings per share for the current year.
The firm also recently disclosed a special dividend, which will be paid on Wednesday, October 18th. Investors of record on Wednesday, October 4th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Tuesday, October 3rd. This is a boost from Kearny Financial’s previous special dividend of $0.02. This represents a dividend yield of 0.79%. Kearny Financial’s dividend payout ratio (DPR) is 57.15%.
KRNY has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods reissued a “sell” rating and issued a $13.00 price target on shares of Kearny Financial in a report on Thursday, August 3rd. BidaskClub downgraded shares of Kearny Financial from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th.
In related news, Director Theodore J. Aanensen sold 2,000 shares of the stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $14.11, for a total transaction of $28,220.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 3.78% of the company’s stock.
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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