Keefe, Bruyette & Woods Estimates KRNY Q1 Earnings

Kearny Financial (NASDAQ:KRNY) – Keefe, Bruyette & Woods issued their Q1 2027 EPS estimates for Kearny Financial in a research report issued on Monday, October 12th. Keefe, Bruyette & Woods analyst C. O’connell anticipates that the savings and loans company will post earnings of $0.17 per share for the quarter. The consensus estimate for Kearny Financial’s current full-year earnings is $0.79 per share.

Kearny Financial (NASDAQ:KRNY) last issued its earnings results on Thursday, July 23rd. The savings and loans company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.02). Kearny Financial had a net margin of 10.45% and a return on equity of 4.90%. The firm had revenue of $45.69 million during the quarter, compared to the consensus estimate of $45.61 million.

Several other brokerages also recently commented on KRNY. Piper Sandler raised their price objective on Kearny Financial from $9.50 to $10.50 and gave the stock an “overweight” rating in a research note on Thursday, June 25th. Weiss Ratings upgraded Kearny Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, August 24th. Finally, Raymond James Financial began coverage on shares of Kearny Financial in a report on Wednesday, August 26th. They set an “outperform” rating and a $11.00 target price on the stock. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Kearny Financial presently has an average rating of “Moderate Buy” and an average target price of $10.75.

Kearny Financial Price Performance

KRNY opened at $9.06 on Wednesday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.50. Kearny Financial has a 12 month low of $6.22 and a 12 month high of $10.23. The company has a fifty day simple moving average of $9.59 and a 200 day simple moving average of $8.90. The stock has a market cap of $588.27 million, a P/E ratio of 15.90 and a beta of 0.65.

Hedge Funds Weigh In On Kearny Financial

A number of institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC lifted its position in shares of Kearny Financial by 100.9% in the third quarter. GAMMA Investing LLC now owns 3,675 shares of the savings and loans company’s stock valued at $34,000 after buying an additional 1,846 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new position in shares of Kearny Financial during the 2nd quarter worth approximately $83,000. Corient Private Wealth LP increased its holdings in shares of Kearny Financial by 38.7% during the 2nd quarter. Corient Private Wealth LP now owns 46,067 shares of the savings and loans company’s stock worth $436,000 after acquiring an additional 12,851 shares during the last quarter. AXQ Capital LP acquired a new position in shares of Kearny Financial during the 2nd quarter worth approximately $171,000. Finally, Headlands Technologies LLC raised its stake in Kearny Financial by 82.9% in the 2nd quarter. Headlands Technologies LLC now owns 36,389 shares of the savings and loans company’s stock valued at $344,000 after acquiring an additional 16,496 shares during the period. Institutional investors and hedge funds own 71.01% of the company’s stock.

Insider Activity at Kearny Financial

In related news, Director Curtland Fields acquired 14,700 shares of the company’s stock in a transaction dated Monday, July 27th. The shares were bought at an average price of $9.41 per share, for a total transaction of $138,327.00. Following the purchase, the director directly owned 57,900 shares in the company, valued at approximately $544,839. This trade represents a 34.03% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Leopold W. Montanaro purchased 4,773 shares of the company’s stock in a transaction on Monday, August 10th. The shares were purchased at an average cost of $9.46 per share, for a total transaction of $45,152.58. Following the completion of the transaction, the director directly owned 270,000 shares of the company’s stock, valued at approximately $2,554,200. This represents a 1.80% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have acquired a total of 21,033 shares of company stock worth $198,502 in the last ninety days. Insiders own 7.68% of the company’s stock.

Kearny Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 26th. Investors of record on Wednesday, August 12th were given a $0.11 dividend. The ex-dividend date of this dividend was Wednesday, August 12th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 4.9%. Kearny Financial’s payout ratio is currently 77.19%.

Kearny Financial Company Profile

Kearny Financial Corp. is the holding company for Kearny Bank, a community-oriented savings bank serving customers in northern and central New Jersey and parts of New York. The bank provides traditional retail and commercial banking services through branch locations and digital banking channels.

Kearny Bank’s products and services include checking and savings accounts, certificates of deposit, residential mortgages, home equity loans, commercial real estate financing, construction loans, business loans and consumer lending.