As of close of business last night, Kearny Financial Corp.’s stock clocked out at $5.87, down -0.51% from its previous closing price of $5.90. In other words, the price has decreased by -$0.03 from its previous closing price. On the day, 506063 shares were traded.
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Ratios:
To gain a deeper understanding of KRNY’s stock, we examine its different ratios. In the meantime, Its Debt-to-Equity ratio is 1.97 whereas as Long-Term Debt/Eq ratio is at 0.27.
On October 28, 2022, Compass Point Downgraded its rating to Neutral which previously was Buy and also lowered its target price recommendation from $14 to $11.
Piper Sandler Downgraded its Overweight to Neutral on January 06, 2022, while the target price for the stock was maintained at $14.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Mar 18 ’24 when Suchodolski Keith bought 2,000 shares for $5.87 per share. The transaction valued at 11,740 led to the insider holds 82,648 shares of the business.
BILOTTA ANTHONY V JR bought 2,000 shares of KRNY for $11,700 on Mar 18 ’24. The EVP and Chief Banking Officer now owns 79,761 shares after completing the transaction at $5.85 per share. On Mar 14 ’24, another insider, Joyce Patrick M, who serves as the EVP and CLO of the company, sold 3,500 shares for $6.17 each. As a result, the insider received 21,597 and left with 48,331 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, KRNY now has a Market Capitalization of 380.18M. As of this moment, Kearny’s Price-to-Earnings (P/E) ratio for their current fiscal year is 20.82, and their Forward P/E ratio for the next fiscal year is 11.08. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 5.20. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.20 while its Price-to-Book (P/B) ratio in mrq is 0.43.
Stock Price History:
Over the past 52 weeks, KRNY has reached a high of $9.46, while it has fallen to a 52-week low of $5.78. The 50-Day Moving Average of the stock is 6.97, while the 200-Day Moving Average is calculated to be 7.49.
Shares Statistics:
It appears that KRNY traded 432.16K shares on average per day over the past three months and 540.4k shares per day over the past ten days. A total of 63.51M shares are outstanding, with a floating share count of 56.64M. Insiders hold about 12.10% of the company’s shares, while institutions hold 64.04% stake in the company. Shares short for KRNY as of Feb 29, 2024 were 1.17M with a Short Ratio of 2.71, compared to 820.62k on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.82% and a Short% of Float of 2.36%.
Dividends & Splits
With its trailing 12-month dividend rate of 0.44, KRNY has a forward annual dividend rate of 0.44. Against a Trailing Annual Dividend Yield of 7.46%, it implies a Forward Annual Dividend Yield of 7.46%. The stock’s 5-year Average Dividend Yield is 3.57. The current Payout Ratio is 69.86% for KRNY, which recently paid a dividend on Feb 21, 2024 with an ex-dividend date of Feb 06, 2024. Stock splits for the company last occurred on May 19, 2015 when the company split stock in a 1:1 ratio.
Earnings Estimates
As of right now, 2 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $0.1 for the current quarter, with a high estimate of $0.13 and a low estimate of $0.08, while EPS last year was $0.17. The consensus estimate for the next quarter is $0.1, with high estimates of $0.12 and low estimates of $0.08.
Analysts are recommending an EPS of between $0.41 and $0.41 for the fiscal current year, implying an average EPS of $0.41. EPS for the following year is $0.44, with 1 analysts recommending between $0.44 and $0.44.
Revenue Estimates
A total of 1 analysts have provided revenue estimates for KRNY’s current fiscal year. The highest revenue estimate was $141.61M, while the lowest revenue estimate was $141.61M, resulting in an average revenue estimate of $141.61M. In the same quarter a year ago, actual revenue was $175.87M, down -19.50% from the average estimate. Based on 1 analysts’ estimates, the company’s revenue will be $143.4M in the next fiscal year. The high estimate is $143.4M and the low estimate is $143.4M. The average revenue growth estimate for next year is up 1.30% from the average revenue estimate for this year.
