Kearny Financial Corp. (NASDAQ:KRNY) EVP Thomas Demedici Sells 6,304 Shares

Kearny Financial Corp. (NASDAQ:KRNY) EVP Thomas Demedici sold 6,304 shares of the firm’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $6.00, for a total transaction of $37,824.00. Following the completion of the sale, the executive vice president now owns 70,614 shares in the company, valued at $423,684. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Kearny Financial Stock Down 1.6 %

Shares of NASDAQ:KRNY traded down $0.10 during trading on Monday, reaching $6.01. The stock had a trading volume of 237,369 shares, compared to its average volume of 463,884. Kearny Financial Corp. has a one year low of $5.28 and a one year high of $9.46. The company has a market capitalization of $387.27 million, a P/E ratio of 24.12 and a beta of 0.78. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 2.05. The firm’s 50-day simple moving average is $6.15 and its 200 day simple moving average is $6.16.

Kearny Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 26th. Stockholders of record on Monday, August 12th will be issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 7.32%. The ex-dividend date of this dividend is Monday, August 12th. Kearny Financial’s dividend payout ratio is currently 176.00%.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods raised their price target on shares of Kearny Financial from $6.00 to $7.00 and gave the company a “market perform” rating in a report on Tuesday, July 30th.

Institutional Trading of Kearny Financial

A number of institutional investors have recently bought and sold shares of KRNY. Quadrant Capital Group LLC increased its holdings in shares of Kearny Financial by 44.9% during the 4th quarter. Quadrant Capital Group LLC now owns 5,199 shares of the savings and loans company’s stock valued at $47,000 after purchasing an additional 1,612 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Kearny Financial by 55.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,216 shares of the savings and loans company’s stock valued at $110,000 after purchasing an additional 4,363 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Kearny Financial by 8.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 70,851 shares of the savings and loans company’s stock valued at $457,000 after purchasing an additional 5,272 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Kearny Financial by 2.7% during the 2nd quarter. American Century Companies Inc. now owns 391,352 shares of the savings and loans company’s stock valued at $2,407,000 after purchasing an additional 10,220 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC purchased a new position in shares of Kearny Financial during the 2nd quarter valued at approximately $65,000. 71.01% of the stock is currently owned by institutional investors and hedge funds.

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. 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.