Kearny Financial (NASDAQ:KRNY) announced its quarterly earnings results on Thursday. The savings and loans company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.08 by $0.09, Fidelity Earnings reports. Kearny Financial had a net margin of 17.78% and a return on equity of 4.01%. The company had revenue of $45.45 million for the quarter, compared to analyst estimates of $42.45 million.
Shares of NASDAQ KRNY traded up $0.20 during mid-day trading on Friday, reaching $8.04. 383,803 shares of the company traded hands, compared to its average volume of 383,590. Kearny Financial has a fifty-two week low of $7.22 and a fifty-two week high of $14.40. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.09 and a quick ratio of 1.08. The firm has a market cap of $672.65 million, a PE ratio of 14.89 and a beta of 0.67. The stock has a fifty day simple moving average of $7.84 and a 200-day simple moving average of $9.48.
A number of research analysts recently commented on KRNY shares. BidaskClub upgraded shares of Kearny Financial from a “strong sell” rating to a “sell” rating in a research note on Friday. Piper Sandler upgraded shares of Kearny Financial from a “neutral” rating to an “overweight” rating and lowered their price objective for the company from $10.50 to $10.00 in a research note on Monday, April 6th. Finally, Zacks Investment Research lowered shares of Kearny Financial from a “hold” rating to a “sell” rating in a research note on Friday, July 3rd.
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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