Kearny Financial Corp. (KRNY) Sees Large Volume Increase
Shares of Kearny Financial Corp. (NASDAQ:KRNY) saw unusually-strong trading volume on Wednesday . Approximately 1,418,472 shares traded hands during mid-day trading, an increase of 115% from the previous session’s volume of 659,785 shares.The stock last traded at $13.69 and had previously closed at $13.64.
The firm has a 50-day moving average of $13.25 and a 200-day moving average of $12.76. The firm has a market capitalization of $1.22 billion and a PE ratio of 77.34.
Kearny Financial Corp. (NASDAQ:KRNY) last released its quarterly earnings results on Thursday, August 4th. The company reported $0.05 EPS for the quarter, meeting analysts’ consensus estimates of $0.05. On average, equities research analysts predict that Kearny Financial Corp. will post $0.21 earnings per share for the current year.
The company also recently declared 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. The ex-dividend date is Monday, August 29th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.58%.
In other news, Director John F. Mcgovern purchased 3,300 shares of Kearny Financial Corp. stock in a transaction dated Thursday, August 11th. The stock was 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 document filed with the SEC, which is available at the SEC website.
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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