Kearny Financial (NASDAQ:KRNY) Releases Quarterly Earnings Results, Misses Expectations By $0.02 EPS

Kearny Financial (NASDAQ:KRNY) released its earnings results on Thursday. The savings and loans company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.02), Zacks reports. Kearny Financial had a negative net margin of 27.43% and a positive return on equity of 3.05%.

Kearny Financial Price Performance

Kearny Financial stock opened at $6.90 on Friday. The firm’s fifty day moving average price is $7.44 and its two-hundred day moving average price is $7.13. Kearny Financial has a 1-year low of $5.28 and a 1-year high of $8.59. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.99.

Kearny Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th will be issued a dividend of $0.11 per share. The ex-dividend date is Wednesday, February 12th. This represents a $0.44 annualized dividend and a yield of 6.38%. Kearny Financial’s payout ratio is -30.34%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Piper Sandler upgraded shares of Kearny Financial from a “neutral” rating to an “overweight” rating and dropped their price objective for the company from $9.00 to $8.50 in a report on Monday, January 6th. StockNews.com raised Kearny Financial from a “sell” rating to a “hold” rating in a research note on Monday, October 28th.

About Kearny Financial

Kearny Financial Corp. operates as the holding company for Kearny Bank that provides various banking products and services in the United States. It offers various deposit products, including interest-bearing and non-interest-bearing checking accounts, money market deposit accounts, savings accounts, and certificates of deposit accounts.