Kearny Financial Corp (NASDAQ: KRNY) is -18.84% lower on its value in year-to-date trading and has touched a low of $5.28 and a high of $9.42 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The KRNY stock was last observed hovering at around $7.27 in the last trading session, with the day’s gains setting it 0.01%.
Currently trading at $7.28, the stock is -7.60% and -5.85% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.11 million and changing 0.14% at the moment leaves the stock 10.74% off its SMA200. KRNY registered -21.80% loss for a year compared to 6-month gain of 28.85%. The firm has a 50-day simple moving average (SMA 50) of $7.7276 and a 200-day simple moving average (SMA200) of $6.5695.
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The stock witnessed a -11.97% loss in the last 1 month and extending the period to 3 months gives it a 7.06%, and is -9.34% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.06% over the week and 3.75% over the month.
Kearny Financial Corp (KRNY) has around 552 employees, a market worth around $470.14M and $329.57M in sales. Fwd P/E is 9.77. Profit margin for the company is -27.43%. Distance from 52-week low is 38.01% and -22.72% from its 52-week high. The company has generated returns on investments over the last 12 months (-9.44%).
with sales reaching $38.02M over the same period.The EPS is expected to grow by 132.01% this year, but quarterly earnings will post 11.60% year-over-year. Quarterly sales are estimated to shrink -1.33% in year-over-year returns.
Kearny Financial Corp (KRNY) Top Institutional Holders
225.0 institutions hold shares in Kearny Financial Corp (KRNY), with institutional investors hold 71.94% of the company’s shares. The shares outstanding are 62.47M, and float is at 56.64M with Short Float at 0.68%. Institutions hold 63.22% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 5.81 million shares valued at $35.73 million. The investor’s holdings represent 9.3389% of the KRNY Shares outstanding. As of 2024-06-30, the second largest holder is T. ROWE PRICE INVESTMENT MANAGEMENT, INC. with 4.63 million shares valued at $28.45 million to account for 7.438 of the shares outstanding. The other top investors are DIMENSIONAL FUND ADVISORS LP which holds 3.77 million shares representing 6.0577% and valued at over $23.17 million, while VANGUARD GROUP INC holds 5.2281 of the shares totaling 3.25 million with a market value of $20.0 million.
Kearny Financial Corp (KRNY) Insider Activity
The most recent transaction is an insider purchase by Wong-Zaza Melvina, the company’s Director. SEC filings show that Wong-Zaza Melvina bought 1,600 shares of the company’s common stock on Aug 15 ’24 at a price of $6.21 per share for a total of $9936.0. Following the purchase, the insider now owns 22535.0 shares.
Kearny Financial Corp disclosed in a document filed with the SEC on Aug 12 ’24 that DeMedici Thomas (EVP and CCO) sold a total of 6,304 shares of the company’s common stock. The trade occurred on Aug 12 ’24 and was made at $6.00 per share for $37842.0. Following the transaction, the insider now directly holds 70614.0 shares of the KRNY stock.
Still, SEC filings show that on Aug 12 ’24, DeMedici Thomas (Officer) Proposed Sale 6,304 shares at an average price of $6.12 for $38600.0. The insider now directly holds shares of Kearny Financial Corp (KRNY).
