Kearny Financial Corp. (KRNY) Sees Strong Trading Volume
Shares of Kearny Financial Corp. (NASDAQ:KRNY) saw strong trading volume on Wednesday . 1,466,901 shares were traded during mid-day trading, an increase of 164% from the previous session’s volume of 556,002 shares.The stock last traded at $13.61 and had previously closed at $13.62.
The firm has a market cap of $1.22 billion and a price-to-earnings ratio of 76.89. The firm has a 50-day moving average price of $13.13 and a 200 day moving average price of $12.69.
Kearny Financial Corp. (NASDAQ:KRNY) last posted its earnings results on Thursday, August 4th. The company reported $0.05 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.05. Equities research analysts predict that Kearny Financial Corp. will post $0.21 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 14th. Stockholders of record on Wednesday, August 31st will be given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date is Monday, August 29th.
In other Kearny Financial Corp. news, Director John F. Mcgovern bought 3,300 shares of the company’s stock in a transaction dated Thursday, August 11th. The shares were purchased at an average cost of $13.29 per share, for a total transaction of $43,857.00. Following the transaction, the director now directly owns 194,853 shares of the company’s stock, valued at $2,589,596.37. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink.
A hedge fund recently raised its stake in Kearny Financial Corp. stock. Schwab Charles Investment Management Inc. raised its position in shares of Kearny Financial Corp. (NASDAQ:KRNY) by 0.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 176,388 shares of the company’s stock after buying an additional 1,040 shares during the period. Schwab Charles Investment Management Inc. owned 0.20% of Kearny Financial Corp. worth $2,235,000 at the end of the most recent quarter.
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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