Kearny Financial Corp. (NASDAQ:KRNY) CEO Craig Montanaro sold 7,000 shares of the firm’s stock in a transaction dated Tuesday, June 12th. The stock was sold at an average price of $14.15, for a total value of $99,050.00. The sale was disclosed in a filing with the SEC, which is accessible through this link.
Shares of Kearny Financial traded down $0.10, reaching $14.00, during mid-day trading on Thursday, according to MarketBeat.com. 690,454 shares of the company’s stock were exchanged, compared to its average volume of 405,609. The firm has a market cap of $1.47 billion, a P/E ratio of 55.10 and a beta of 0.53. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.10 and a quick ratio of 1.10. Kearny Financial Corp. has a twelve month low of $12.75 and a twelve month high of $15.60.
Kearny Financial (NASDAQ:KRNY) last released its quarterly earnings results on Friday, April 27th. The savings and loans company reported $0.08 EPS for the quarter. The company had revenue of $30.61 million for the quarter. Kearny Financial had a return on equity of 2.01% and a net margin of 9.92%.
A number of brokerages have issued reports on KRNY. BidaskClub upgraded Kearny Financial from a “sell” rating to a “hold” rating in a report on Wednesday, May 23rd. ValuEngine raised Kearny Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, May 2nd.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in KRNY. Schwab Charles Investment Management Inc. raised its position in shares of Kearny Financial by 1.0% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 385,413 shares of the savings and loans company’s stock worth $5,570,000 after purchasing an additional 3,716 shares during the period. Teacher Retirement System of Texas acquired a new stake in shares of Kearny Financial during the fourth quarter worth about $392,000. First Trust Advisors LP raised its position in shares of Kearny Financial by 27.1% during the fourth quarter. First Trust Advisors LP now owns 134,815 shares of the savings and loans company’s stock worth $1,948,000 after purchasing an additional 28,773 shares during the period. Citadel Advisors LLC raised its position in shares of Kearny Financial by 61.5% during the fourth quarter. Citadel Advisors LLC now owns 62,253 shares of the savings and loans company’s stock worth $900,000 after purchasing an additional 23,696 shares during the period. Finally, Salzhauer Michael acquired a new stake in shares of Kearny Financial during the fourth quarter worth about $349,000. 51.20% of the stock is currently owned by institutional investors.
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. It 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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