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

Kearny Financial (NASDAQ:KRNY) released its quarterly earnings data 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 Stock Down 5.5 %

NASDAQ:KRNY opened at $6.88 on Friday. Kearny Financial has a 52 week low of $5.28 and a 52 week high of $8.59. The stock’s fifty day moving average is $7.47 and its two-hundred day moving average is $7.13. The company has a debt-to-equity ratio of 1.99, a quick ratio of 1.08 and a current ratio of 1.08.

Wall Street Analysts Forecast Growth

KRNY has been the topic of several recent analyst reports. StockNews.com raised Kearny Financial from a “sell” rating to a “hold” rating in a research note on Monday, October 28th. Piper Sandler raised shares of Kearny Financial from a “neutral” rating to an “overweight” rating and decreased their target price for the company from $9.00 to $8.50 in a research report on Monday, January 6th.

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.