In the latest session, Kearny Financial Corp. (NASDAQ: KRNY) closed at $5.89 down -6.06% from its previous closing price of $6.27. In other words, the price has decreased by -$0.38 from its previous closing price. On the day, 696982 shares were traded.
Ratios:
For a deeper understanding of Kearny Financial Corp.’s stock, let’s take a closer look at its various 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Mar 14 ’24 when Joyce Patrick M sold 3,500 shares for $6.17 per share. The transaction valued at 21,597 led to the insider holds 48,331 shares of the business.
Wong-Zaza Melvina bought 3,945 shares of KRNY for $25,515 on Feb 14 ’24. The Director now owns 6,595 shares after completing the transaction at $6.47 per share. On Feb 08 ’24, another insider, Petermann Christopher, who serves as the Director of the company, bought 10,000 shares for $6.14 each. As a result, the insider paid 61,370 and bolstered with 56,139 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 379.53M. As of this moment, Kearny’s Price-to-Earnings (P/E) ratio for their current fiscal year is 20.89, and their Forward P/E ratio for the next fiscal year is 11.11. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 5.22. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.21 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 $5.94. The 50-Day Moving Average of the stock is 7.14, while the 200-Day Moving Average is calculated to be 7.50.
Shares Statistics:
For the past three months, KRNY has traded an average of 423.13K shares per day and 439.44k 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 64.01% stake in the company. Shares short for KRNY as of Feb 29, 2024 were 1.17M with a Short Ratio of 2.77, 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
According to the company, the forward annual dividend rate for KRNY is 0.44, from 0.44 in the trailing year. Against a Trailing Annual Dividend Yield of 7.02%, it implies a Forward Annual Dividend Yield of 7.47%. 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
There are 2 different market analysts currently analyzing its stock. 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.
