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After finishing at $5.72 in the prior trading day, Kearny Financial Corp. (NASDAQ: KRNY) closed at $5.47, down -4.37%. In other words, the price has decreased by -$4.37 from its previous closing price. On the day, 0.54 million shares were traded. KRNY stock price reached its highest trading level at $5.76 during the session, while it also had its lowest trading level at $5.45.
Ratios:
Our goal is to gain a better understanding of KRNY by taking a closer look at its different ratios. In the meantime, Its Debt-to-Equity ratio is 2.03 whereas as Long-Term Debt/Eq ratio is at 1.60.
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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 368579520 and an Enterprise Value of 1991412352. As of this moment, Kearny’s Price-to-Earnings (P/E) ratio for their current fiscal year is 22.63, and their Forward P/E ratio for the next fiscal year is 10.13. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 5.66. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.10 while its Price-to-Book (P/B) ratio in mrq is 0.42. Its current Enterprise Value per Revenue stands at 13.99.
Stock Price History:
The Beta on a monthly basis for KRNY is 0.72, which has changed by -0.2618084 over the last 52 weeks, in comparison to a change of 0.24191546 over the same period for the S&P500. Over the past 52 weeks, KRNY has reached a high of $9.46, while it has fallen to a 52-week low of $5.44. The 50-Day Moving Average of the stock is -10.51%, while the 200-Day Moving Average is calculated to be -25.13%.
Shares Statistics:
The stock has traded on average 493.53K shares per day over the past 3-months and 430020 shares per day over the last 10 days, according to various share statistics. 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 62.80% stake in the company. Shares short for KRNY as of 1713139200 were 759475 with a Short Ratio of 1.54, compared to 1710460800 on 1046146. Therefore, it implies a Short% of Shares Outstanding of 759475 and a Short% of Float of 1.53.
Dividends & Splits
In the trailing 12 months, KRNY’s forward annual dividend rate was 0.44, compared to 0.44 this year. Against a Trailing Annual Dividend Yield of 0.07692308The stock’s 5-year Average Dividend Yield is 3.66. The current Payout Ratio is 69.86% for KRNY, which recently paid a dividend on 2024-02-06 with an ex-dividend date of 1715040000. Stock splits for the company last occurred on 2015-05-15 when the company split stock in a 13804:10000 ratio.
Earnings Estimates
As of right now, 2.0 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $0.09 for the current quarter, with a high estimate of $0.11 and a low estimate of $0.08, while EPS last year was $0.19. The consensus estimate for the next quarter is $0.1, with high estimates of $0.12 and low estimates of $0.09.
Analysts are recommending an EPS of between $0.46 and $0.41 for the fiscal current year, implying an average EPS of $0.43. EPS for the following year is $0.52, with 2.0 analysts recommending between $0.61 and $0.44.
Revenue Estimates
2 analysts predict $34.38M in revenue for the current quarter. It ranges from a high estimate of $35.4M to a low estimate of $33.35M. As of the current estimate, Kearny Financial Corp.’s year-ago sales were $40.18MFor the next quarter, 2 analysts are estimating revenue of $35.22M. There is a high estimate of $36.6M for the next quarter, whereas the lowest estimate is $33.85M.
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 $175.87MBased 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.
