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Kearny Financial Corp. (NASDAQ: KRNY) closed the day trading at $5.53 down -1.07% from the previous closing price of $5.59. In other words, the price has decreased by -$1.07 from its previous closing price. On the day, 0.83 million shares were traded. KRNY stock price reached its highest trading level at $5.58 during the session, while it also had its lowest trading level at $5.45.
Ratios:
For a better understanding of KRNY, let’s 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 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:
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 356336608 and an Enterprise Value of 1998876928. As of this moment, Kearny’s Price-to-Earnings (P/E) ratio for their current fiscal year is 22.88, and their Forward P/E ratio for the next fiscal year is 10.24. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 5.72. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.11 while its Price-to-Book (P/B) ratio in mrq is 0.41. Its current Enterprise Value per Revenue stands at 14.043.
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 -7.40%, while the 200-Day Moving Average is calculated to be -23.58%.
Shares Statistics:
Over the past 3-months, KRNY traded about 472.95K shares per day on average, while over the past 10 days, KRNY traded about 423630 shares per day. 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 62.92% stake in the company. Shares short for KRNY as of 1713139200 were 759475 with a Short Ratio of 1.61, 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
KRNY’s forward annual dividend rate is 0.55, up from 0.44 a year ago. Against a Trailing Annual Dividend Yield of 0.07871199The stock’s 5-year Average Dividend Yield is 3.78.
Earnings Estimates
The performance of Kearny Financial Corp. (KRNY) in the stock market is under the watchful eye of 2.0 analysts actively contributing to its current rating.On average, analysts expect EPS of $0.09 for the current quarter, with a high estimate of $0.12 and a low estimate of $0.07, while EPS last year was $0.19. The consensus estimate for the next quarter is $0.09, with high estimates of $0.11 and low estimates of $0.08.
Analysts are recommending an EPS of between $0.52 and $0.44 for the fiscal current year, implying an average EPS of $0.48. EPS for the following year is $0.54, with 2.0 analysts recommending between $0.7 and $0.38.
Revenue Estimates
2 analysts predict $34.06M in revenue for the current quarter. It ranges from a high estimate of $35.4M to a low estimate of $32.72M. As of the current estimate, Kearny Financial Corp.’s year-ago sales were $40.18MFor the next quarter, 2 analysts are estimating revenue of $34.83M. There is a high estimate of $36.6M for the next quarter, whereas the lowest estimate is $33.05M.
A total of 1 analysts have provided revenue estimates for KRNY’s current fiscal year. The highest revenue estimate was $142.04M, while the lowest revenue estimate was $142.04M, resulting in an average revenue estimate of $142.04M. In the same quarter a year ago, actual revenue was $175.87MBased on 1 analysts’ estimates, the company’s revenue will be $138.42M in the next fiscal year. The high estimate is $138.42M and the low estimate is $138.42M.
