Keefe, Bruyette & Woods Boosts Kearny Financial (NASDAQ:KRNY) Price Target to $7.00

Kearny Financial (NASDAQ:KRNY) had its price objective boosted by stock analysts at Keefe, Bruyette & Woods from $6.00 to $7.00 in a research report issued on Tuesday, Benzinga reports. The firm presently has a “market perform” rating on the savings and loans company’s stock. Keefe, Bruyette & Woods’ target price points to a potential upside of 0.43% from the stock’s previous close.

Kearny Financial Trading Down 2.7 %

KRNY opened at $6.97 on Tuesday. The business’s 50 day moving average price is $5.99 and its 200 day moving average price is $6.26. The company has a debt-to-equity ratio of 2.05, a quick ratio of 1.12 and a current ratio of 1.12. The stock has a market capitalization of $449.15 million, a PE ratio of 27.88 and a beta of 0.78. Kearny Financial has a one year low of $5.28 and a one year high of $9.46.

Insider Transactions at Kearny Financial

In other news, Director Melvina Wong-Zaza bought 8,340 shares of the business’s stock in a transaction on Tuesday, May 21st. The shares were bought at an average price of $5.95 per share, with a total value of $49,623.00. Following the completion of the transaction, the director now directly owns 14,935 shares in the company, valued at $88,863.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Melvina Wong-Zaza bought 8,340 shares of the stock in a transaction that occurred on Tuesday, May 21st. The stock was bought at an average cost of $5.95 per share, for a total transaction of $49,623.00. Following the acquisition, the director now directly owns 14,935 shares of the company’s stock, valued at approximately $88,863.25. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Charles J. Pivirotto purchased 5,160 shares of the business’s stock in a transaction on Monday, May 13th. The shares were acquired at an average price of $5.76 per share, for a total transaction of $29,721.60. Following the completion of the purchase, the director now directly owns 59,573 shares of the company’s stock, valued at $343,140.48. The disclosure for this purchase can be found here. Company insiders own 8.22% of the company’s stock.

Hedge Funds Weigh In On Kearny Financial

Several institutional investors have recently modified their holdings of the business. Quadrant Capital Group LLC raised its stake in shares of Kearny Financial by 44.9% in the fourth quarter. Quadrant Capital Group LLC now owns 5,199 shares of the savings and loans company’s stock valued at $47,000 after acquiring an additional 1,612 shares in the last quarter. Simplicity Wealth LLC purchased a new position in shares of Kearny Financial in the 1st quarter valued at about $94,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Kearny Financial by 55.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,216 shares of the savings and loans company’s stock worth $110,000 after buying an additional 4,363 shares in the last quarter. CWM LLC increased its stake in shares of Kearny Financial by 1,798.6% during the second quarter. CWM LLC now owns 20,106 shares of the savings and loans company’s stock worth $124,000 after buying an additional 19,047 shares during the period. Finally, BNP Paribas Financial Markets raised its holdings in Kearny Financial by 91.3% in the first quarter. BNP Paribas Financial Markets now owns 27,598 shares of the savings and loans company’s stock valued at $178,000 after acquiring an additional 13,171 shares in the last quarter. Institutional investors and hedge funds own 71.01% of the company’s stock.

Kearny Financial Company Profile

Kearny Financial Corp. operates as the holding company for Kearny Bank that provides various banking products and services in the United States. The company offers various deposit products, including interest-bearing and non-interest-bearing checking accounts, money market deposit accounts, savings accounts, and certificates of deposit accounts.