Stock Market Update – Kearny Financial Corp. (KRNY)
In a recent turn of events, the stocks of the prime financial institution, Kearny Financial Corp. (KRNY), took a significant hit. The stock value experienced a sharp decline, moving from $7.77 at the market’s opening to $8.34 at the end. This dip signifies a substantial decrease of -6.83%. Observered over a span of the last five years, KRNY has seen sales growth approximately at a rate of 11.05%. At the same time, the EPS expansion is recorded at around 21.58%. However, this current fiscal year has seen a drastic fall in EPS by -27.78% as per our analysis from the source of Reader Wall.
Financial Overview
Reader Wall reports that the company’s market capitalization currently stands valued at $501.48 million. It also reveals that the company has approximately 63.51 million outstanding shares and a float worth $56.73 million. The 50-day and 200-day moving averages for the company’s financial performance stand at $8.41 and $7.64 respectively. Ownership-wise, insider’s hold 12.10% and institutional entities possess 65.66%.
Insider Updates & Projected Earnings
Delving into recent insider trading activities, one of the Directors procured 1,600 shares at the price of $6.97 each, while another Director managed to acquire 7,013 shares at $7.09 each. In the last reported quarter, KRNY was ahead in the race, beating earnings expectations, by an additional $0.03 per share. Analysts from source of Reader Wall predict the EPS to be $0.10 for this fiscal year, with an anticipated incline in the EPS in the next five years.
Evaluating Financial Indicators and Technical Analysis
In terms of performance indicators, Kearny Financial Corp. holds an average true range (ATR) of 0.26, a PE ratio of $14.55, and maintains a beta of 0.75. The price to sales ratio is documented at 1.61, while the price to free cash flow stands at 9.80. A technical analysis demonstrates a rise in the stock’s raw stochastic average over the settled 100 days, data drawn from source of Reader Wall. Despite these decreases, the company maintains a healthy financial position, which could offer future growth opportunities in the financial sector.
