Market Watch Highlights: Kearny Financial Corp. (KRNY) Ends on an Upturn Note at 7.20

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As of close of business last night, Kearny Financial Corp.’s stock clocked out at $7.20, up 0.28% from its previous closing price of $7.18. In other words, the price has increased by $0.28 from its previous closing price. On the day, 0.56 million shares were traded. KRNY stock price reached its highest trading level at $7.4 during the session, while it also had its lowest trading level at $7.09.

Ratios:

To gain a deeper understanding of KRNY’s stock, we examine its different ratios. In the meantime, Its Debt-to-Equity ratio is 2.27 whereas as Long-Term Debt/Eq ratio is at 2.04.

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 May 21 ’24 when Wong-Zaza Melvina bought 8,340 shares for $5.95 per share. The transaction valued at 49,623 led to the insider holds 14,935 shares of the business.

Pivirotto Charles J bought 5,160 shares of KRNY for $29,739 on May 13 ’24. The Director now owns 59,573 shares after completing the transaction at $5.76 per share. On Mar 18 ’24, another insider, Suchodolski Keith, who serves as the SEVP and CFO of the company, bought 2,000 shares for $5.87 each. As a result, the insider paid 11,740 and bolstered with 82,648 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 463924800 and an Enterprise Value of 2092908672. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.42 while its Price-to-Book (P/B) ratio in mrq is 0.62. Its current Enterprise Value per Revenue stands at 15.649.

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 $5.28. The 50-Day Moving Average of the stock is 19.37%, while the 200-Day Moving Average is calculated to be 5.99%.

Shares Statistics:

It appears that KRNY traded 479.76K shares on average per day over the past three months and 573150 shares per day over the past ten days. A total of 64.43M shares are outstanding, with a floating share count of 56.60M. Insiders hold about 12.16% of the company’s shares, while institutions hold 63.52% stake in the company. Shares short for KRNY as of 1721001600 were 794453 with a Short Ratio of 1.66, compared to 1718323200 on 1269809. Therefore, it implies a Short% of Shares Outstanding of 794453 and a Short% of Float of 1.6.

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 0.06128134The stock’s 5-year Average Dividend Yield is 3.97.

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