Kearny Financial Corp. (KRNY) To Go Ex-Dividend on February 12th

Kearny Financial Corp. (NASDAQ:KRNY) declared a quarterly dividend on Wednesday, January 29th,Wall Street Journal reports. Investors of record on Wednesday, February 12th will be given a dividend of 0.11 per share by the savings and loans company on Wednesday, February 26th. This represents a $0.44 dividend on an annualized basis and a yield of 6.11%. The ex-dividend date of this dividend is Wednesday, February 12th.

Kearny Financial has increased its dividend payment by an average of 3.2% annually over the last three years. Kearny Financial has a dividend payout ratio of 55.0% meaning its dividend is sufficiently covered by earnings.

Kearny Financial Stock Down 0.7 %

Shares of NASDAQ:KRNY opened at $7.20 on Monday. The company has a debt-to-equity ratio of 1.99, a quick ratio of 1.08 and a current ratio of 1.08. The firm has a 50 day moving average of $7.35 and a 200-day moving average of $7.14. Kearny Financial has a 12 month low of $5.28 and a 12 month high of $8.59.

Kearny Financial (NASDAQ:KRNY) last released its earnings results on Thursday, January 30th. The savings and loans company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.02). Kearny Financial had a positive return on equity of 3.27% and a negative net margin of 20.05%.

Analyst Ratings Changes

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