Keefe, Bruyette & Woods Raises Kearny Financial (NASDAQ:KRNY) Price Target to $7.00

Kearny Financial (NASDAQ:KRNY) had its price objective boosted by equities researchers at Keefe, Bruyette & Woods from $6.00 to $7.00 in a research note issued on Tuesday, Benzinga reports. The firm presently has a “market perform” rating on the savings and loans company’s stock. Keefe, Bruyette & Woods’ price objective suggests a potential upside of 0.43% from the stock’s previous close.

Kearny Financial Price Performance

NASDAQ KRNY opened at $6.97 on Tuesday. The company has a 50-day moving average price of $5.99 and a 200-day moving average price of $6.26. Kearny Financial has a 52 week low of $5.28 and a 52 week high of $9.46. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 2.05. The firm has a market capitalization of $449.15 million, a P/E ratio of 27.88 and a beta of 0.78.

Insider Buying and Selling

In other news, Director Charles J. Pivirotto bought 5,160 shares of the firm’s stock in a transaction on Monday, May 13th. The shares were bought at an average price of $5.76 per share, for a total transaction of $29,721.60. Following the purchase, the director now owns 59,573 shares in the company, valued at $343,140.48. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Charles J. Pivirotto bought 5,160 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The stock was bought at an average price of $5.76 per share, with a total value of $29,721.60. Following the acquisition, the director now owns 59,573 shares of the company’s stock, valued at approximately $343,140.48. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Melvina Wong-Zaza purchased 8,340 shares of the firm’s stock in a transaction on Tuesday, May 21st. The shares were acquired at an average cost of $5.95 per share, for a total transaction of $49,623.00. Following the completion of the acquisition, the director now owns 14,935 shares of the company’s stock, valued at $88,863.25. The disclosure for this purchase can be found here. 8.22% of the stock is owned by insiders.

Institutional Investors Weigh In On Kearny Financial

Large investors have recently made changes to their positions in the company. Charles Schwab Investment Management Inc. raised its stake in Kearny Financial by 4.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 897,523 shares of the savings and loans company’s stock valued at $8,051,000 after purchasing an additional 34,443 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Kearny Financial by 3.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 426,700 shares of the savings and loans company’s stock worth $2,624,000 after purchasing an additional 15,423 shares during the period. rhino investment partners Inc bought a new position in shares of Kearny Financial during the 4th quarter valued at approximately $2,553,000. Empowered Funds LLC lifted its position in Kearny Financial by 8.2% in the first quarter. Empowered Funds LLC now owns 148,057 shares of the savings and loans company’s stock worth $953,000 after buying an additional 11,190 shares during the last quarter. Finally, Inspire Advisors LLC boosted its stake in Kearny Financial by 15.9% during the first quarter. Inspire Advisors LLC now owns 139,025 shares of the savings and loans company’s stock worth $895,000 after buying an additional 19,092 shares during the period. 71.01% of the stock is owned by institutional investors.

Kearny Financial Company Profile

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.