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

Kearny Financial (NASDAQ:KRNY) posted its earnings results on Thursday. The savings and loans company reported $0.10 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 traded down $0.09 during mid-day trading on Thursday, hitting $7.19. 61,983 shares of the company were exchanged, compared to its average volume of 285,453. Kearny Financial has a 12-month low of $5.28 and a 12-month high of $8.59. The company has a market capitalization of $464.20 million, a P/E ratio of -4.96 and a beta of 0.82. The business’s 50 day simple moving average is $7.49 and its two-hundred day simple moving average is $7.13. The company has a debt-to-equity ratio of 1.99, a current ratio of 1.08 and a quick ratio of 1.08.

Analyst Ratings Changes

KRNY has been the topic of several research reports. Piper Sandler raised Kearny Financial from a “neutral” rating to an “overweight” rating and dropped their price objective for the stock from $9.00 to $8.50 in a report on Monday, January 6th. StockNews.com raised shares of Kearny Financial from a “sell” rating to a “hold” rating in a report 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.