Kearny Financial Corp. (KRNY) Sets New 52-Week High at $13.42
Kearny Financial Corp. (NASDAQ:KRNY)’s share price reached a new 52-week high during trading on Monday . The company traded as high as $13.42 and last traded at $13.40, with a volume of 411,149 shares. The stock had previously closed at $13.34.
The firm has a market cap of $1.19 billion and a price-to-earnings ratio of 75.48. The company has a 50-day moving average price of $12.96 and a 200-day moving average price of $12.62.
Kearny Financial Corp. (NASDAQ:KRNY) last announced its quarterly earnings results on Thursday, August 4th. The company reported $0.05 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.05. Equities research analysts predict that Kearny Financial Corp. will post $0.21 EPS for the current fiscal year.
In other news, Director John F. Mcgovern purchased 3,300 shares of the firm’s stock in a transaction dated Thursday, August 11th. The stock was bought at an average price of $13.29 per share, with a total value of $43,857.00. Following the acquisition, the director now directly owns 194,853 shares of the company’s stock, valued at $2,589,596.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Several institutional investors have recently made changes to their positions in KRNY. Swiss National Bank purchased a new position in shares of Kearny Financial Corp. during the fourth quarter valued at about $1,530,000. First Trust Advisors LP raised its position in shares of Kearny Financial Corp. by 93.6% in the fourth quarter. First Trust Advisors LP now owns 113,462 shares of the company’s stock valued at $1,438,000 after buying an additional 54,851 shares during the period. Finally, Rhumbline Advisers raised its position in shares of Kearny Financial Corp. by 6.9% in the fourth quarter. Rhumbline Advisers now owns 126,709 shares of the company’s stock valued at $1,605,000 after buying an additional 8,190 shares during the period.
Kearny Bank is principally engaged in the business of attracting deposits from the general public at its 41 locations in New Jersey and using these deposits, together with other funds, to originate or purchase loans for its portfolio and invest in securities. Loans originated or purchased by the Bank generally include loans collateralized by residential and commercial real estate augmented by secured and unsecured loans to businesses and consumers.
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