Kearny Financial (NASDAQ:KRNY) Price Target Increased to $7.00 by Analysts at Keefe, Bruyette & Woods

Kearny Financial (NASDAQ:KRNY) had its target price increased by Keefe, Bruyette & Woods from $6.00 to $7.00 in a research report released on Tuesday morning, Benzinga reports. The brokerage currently has a market perform rating on the savings and loans company’s stock.

Kearny Financial Price Performance

KRNY stock opened at $6.79 on Tuesday. Kearny Financial has a 1 year low of $5.28 and a 1 year high of $9.46. The company has a market cap of $437.55 million, a P/E ratio of 27.16 and a beta of 0.78. The firm has a 50-day moving average of $6.09 and a 200 day moving average of $6.25. The company has a debt-to-equity ratio of 2.05, a current ratio of 1.12 and a quick ratio of 1.12.

Kearny Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 26th. Shareholders of record on Monday, August 12th will be given a $0.11 dividend. The ex-dividend date is Monday, August 12th. This represents a $0.44 annualized dividend and a yield of 6.48%. Kearny Financial’s payout ratio is presently 176.00%.

Insiders Place Their Bets

In other Kearny Financial news, Director Melvina Wong-Zaza purchased 8,340 shares of the firm’s stock in a transaction on Tuesday, May 21st. The shares were acquired at an average cost of $5.95 per share, for a total transaction of $49,623.00. Following the completion of the transaction, the director now owns 14,935 shares of the company’s stock, valued at $88,863.25. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Kearny Financial news, Director Charles J. Pivirotto purchased 5,160 shares of the firm’s stock in a transaction on Monday, May 13th. The shares were acquired at an average cost of $5.76 per share, for a total transaction of $29,721.60. Following the completion of the transaction, the director now owns 59,573 shares of the company’s stock, valued at $343,140.48. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Melvina Wong-Zaza acquired 8,340 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The shares were purchased at an average price of $5.95 per share, for a total transaction of $49,623.00. Following the completion of the transaction, the director now directly owns 14,935 shares in the company, valued at $88,863.25. The disclosure for this purchase can be found here. Insiders own 8.22% of the company’s stock.

Institutional Trading of Kearny Financial

Institutional investors and hedge funds have recently modified their holdings of the company. rhino investment partners Inc bought a new stake in shares of Kearny Financial during the 4th quarter valued at $2,553,000. Charles Schwab Investment Management Inc. raised its position in shares of Kearny Financial by 4.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 897,523 shares of the savings and loans company’s stock valued at $8,051,000 after purchasing an additional 34,443 shares during the period. SG Americas Securities LLC raised its position in shares of Kearny Financial by 24.1% during the 4th quarter. SG Americas Securities LLC now owns 39,080 shares of the savings and loans company’s stock valued at $351,000 after purchasing an additional 7,581 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Kearny Financial by 55.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,216 shares of the savings and loans company’s stock valued at $110,000 after purchasing an additional 4,363 shares during the period. Finally, Empowered Funds LLC raised its position in shares of Kearny Financial by 8.2% during the 1st quarter. Empowered Funds LLC now owns 148,057 shares of the savings and loans company’s stock valued at $953,000 after purchasing an additional 11,190 shares during the period. 71.01% 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. The company offers various deposit products, including interest-bearing and non-interest-bearing checking accounts, money market deposit accounts, savings accounts, and certificates of deposit accounts.