Somewhat Positive News Coverage Somewhat Unlikely to Impact Kearny Financial (KRNY) Stock Price

Media stories about Kearny Financial (NASDAQ:KRNY) have been trending somewhat positive on Thursday, Accern Sentiment reports. The research firm ranks the sentiment of media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Kearny Financial earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned news headlines about the savings and loans company an impact score of 49.2659169629786 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

KRNY has been the subject of a number of research reports. BidaskClub downgraded shares of Kearny Financial from a “sell” rating to a “strong sell” rating in a research note on Friday, January 19th. Keefe, Bruyette & Woods reissued a “sell” rating and issued a $14.00 price target on shares of Kearny Financial in a research note on Friday, December 22nd.

Kearny Financial (KRNY) opened at $13.20 on Thursday. Kearny Financial has a one year low of $12.75 and a one year high of $15.80. The stock has a market cap of $1,032.85, a PE ratio of 69.48 and a beta of 0.49. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.81.

Kearny Financial (NASDAQ:KRNY) last released its quarterly earnings results on Tuesday, January 30th. The savings and loans company reported $0.06 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.06. Kearny Financial had a net margin of 9.40% and a return on equity of 1.80%. The company had revenue of $30.10 million during the quarter.

In related news, Director Theodore J. Aanensen sold 3,500 shares of the stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $14.49, for a total value of $50,715.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Matthew T. Mcclane sold 13,804 shares of the firm’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $14.42, for a total transaction of $199,053.68. The disclosure for this sale can be found here. Over the last three months, insiders sold 19,804 shares of company stock valued at $286,334. 3.78% of the stock is owned by insiders.

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About Kearny Financial

Kearny Bank is principally engaged in the business of attracting deposits from the general public at its 41 locations in New Jersey and using these deposits, together with other funds, to originate or purchase loans for its portfolio and invest in securities. Loans originated or purchased by the Bank generally include loans collateralized by residential and commercial real estate augmented by secured and unsecured loans to businesses and consumers.

Insider Buying and Selling by Quarter for Kearny Financial (NASDAQ:KRNY)

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