Kearny Financial Corp. (KRNY) To Go Ex-Dividend on November 6th

Kearny Financial Corp. (NASDAQ:KRNY) announced a quarterly dividend on Wednesday, October 23rd, Zacks reports. Shareholders of record on Wednesday, November 6th will be given a dividend of 0.11 per share by the savings and loans company on Wednesday, November 20th. This represents a $0.44 dividend on an annualized basis and a yield of 6.49%. The ex-dividend date is Wednesday, November 6th.

Kearny Financial has increased its dividend payment by an average of 11.2% per year over the last three years. Kearny Financial has a payout ratio of 95.7% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall.

Kearny Financial Stock Down 3.6 %

NASDAQ KRNY traded down $0.25 on Friday, reaching $6.78. 288,255 shares of the stock were exchanged, compared to its average volume of 427,222. Kearny Financial has a one year low of $5.28 and a one year high of $9.46. The company’s 50-day simple moving average is $6.77 and its two-hundred day simple moving average is $6.25. The company has a debt-to-equity ratio of 2.27, a current ratio of 1.12 and a quick ratio of 1.12.

Kearny Financial (NASDAQ:KRNY) last released its earnings results on Thursday, October 24th. The savings and loans company reported $0.10 EPS for the quarter, hitting analysts’ consensus estimates of $0.10. Kearny Financial had a negative net margin of 26.51% and a positive return on equity of 3.41%. The company had revenue of $87.88 million for the quarter, compared to analysts’ expectations of $37.70 million. During the same quarter last year, the business earned $0.16 EPS.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods lifted their price objective on shares of Kearny Financial from $6.00 to $7.00 and gave the company a “market perform” rating in a research report on Tuesday, July 30th.

Insider Activity at Kearny Financial

In related news, EVP Thomas Demedici sold 6,304 shares of the firm’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $6.00, for a total value of $37,824.00. Following the completion of the transaction, the executive vice president now directly owns 70,614 shares of the company’s stock, valued at approximately $423,684. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 8.56% of the stock is currently owned by insiders.

About Kearny Financial

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