Kearny Financial (NASDAQ:KRNY) was downgraded by stock analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued on Tuesday, BidAskClub reports.

Separately, Keefe, Bruyette & Woods raised shares of Kearny Financial from an “underperform” rating to a “market perform” rating and raised their price target for the stock from $11.50 to $12.50 in a research report on Thursday, April 4th.

NASDAQ:KRNY opened at $13.57 on Tuesday. Kearny Financial has a 52 week low of $11.26 and a 52 week high of $14.55. The stock has a market cap of $1.26 billion, a P/E ratio of 27.33 and a beta of 0.50. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.14 and a current ratio of 1.14.

Kearny Financial (NASDAQ:KRNY) last released its quarterly earnings results on Monday, April 29th. The savings and loans company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.01. Kearny Financial had a net margin of 16.51% and a return on equity of 3.69%. The business had revenue of $42.31 million for the quarter.

In other Kearny Financial news, CEO Craig Montanaro sold 4,000 shares of the firm’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $13.16, for a total value of $52,640.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Keith Suchodolski sold 27,608 shares of the firm’s stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $13.92, for a total transaction of $384,303.36. The disclosure for this sale can be found here. Over the last three months, insiders sold 42,897 shares of company stock worth $587,933. Insiders own 3.62% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in KRNY. Norges Bank bought a new position in Kearny Financial in the 4th quarter valued at about $9,731,000. Villere ST Denis J & Co. LLC increased its holdings in Kearny Financial by 10.9% in the 1st quarter. Villere ST Denis J & Co. LLC now owns 5,098,048 shares of the savings and loans company’s stock valued at $65,611,000 after buying an additional 501,796 shares during the period. Dimensional Fund Advisors LP increased its holdings in Kearny Financial by 4.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 7,849,541 shares of the savings and loans company’s stock valued at $100,631,000 after buying an additional 333,387 shares during the period. Victory Capital Management Inc. increased its holdings in Kearny Financial by 22.3% in the 1st quarter. Victory Capital Management Inc. now owns 1,044,518 shares of the savings and loans company’s stock valued at $13,443,000 after buying an additional 190,648 shares during the period. Finally, Goldman Sachs Group Inc. increased its holdings in Kearny Financial by 134.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 213,153 shares of the savings and loans company’s stock valued at $2,744,000 after buying an additional 122,335 shares during the period. 63.18% of the stock is currently owned by hedge funds and other institutional investors.

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.

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