The stock of Kearny Financial Corp (NASDAQ: KRNY) has increased by 1.02 when compared to last closing price of 5.86. Despite this, the company has experienced a 3.50% gain in its stock price over the last five trading sessions. globenewswire.com reported 2025-01-30 that FAIRFIELD, N.J., Jan. 30, 2025 (GLOBE NEWSWIRE) — Kearny Financial Corp. (NASDAQ GS: KRNY) (the “Company”), the holding company of Kearny Bank (the “Bank”), reported net income for the quarter ended December 31, 2024 of $6.6 million, compared to $6.1 million for the quarter ended September 30, 2024.
Is It Worth Investing in Kearny Financial Corp (NASDAQ: KRNY) Right Now?
Additionally, the 36-month beta value for KRNY is 0.70. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 1 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
The public float for KRNY is 58.59M and currently, short sellers hold a 1.15% ratio of that float. The average trading volume of KRNY on April 18, 2025 was 347.05K shares.
KRNY’s Market Performance
KRNY’s stock has seen a 3.50% increase for the week, with a -9.20% drop in the past month and a -17.43% fall in the past quarter. The volatility ratio for the week is 2.70%, and the volatility levels for the past 30 days are at 4.24% for Kearny Financial Corp The simple moving average for the last 20 days is -2.17% for KRNY stock, with a simple moving average of -14.50% for the last 200 days.
Analysts’ Opinion of KRNY
Many brokerage firms have already submitted their reports for KRNY stocks, with Piper Sandler repeating the rating for KRNY by listing it as a “Overweight.” The predicted price for KRNY in the upcoming period, according to Piper Sandler is $8.50 based on the research report published on January 06, 2025 of the current year 2025.
Compass Point, on the other hand, stated in their research note that they expect to see KRNY reach a price target of $11. The rating they have provided for KRNY stocks is “Buy” according to the report published on December 08th, 2022.
Compass Point gave a rating of “Neutral” to KRNY, setting the target price at $11 in the report published on October 28th of the previous year.
KRNY Trading at -8.91% from the 50-Day Moving Average
After a stumble in the market that brought KRNY to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -31.08% of loss for the given period.
Volatility was left at 4.24%, however, over the last 30 days, the volatility rate increased by 2.70%, as shares sank -8.22% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -16.38% lower at present.
During the last 5 trading sessions, KRNY rose by +3.50%, which changed the moving average for the period of 200-days by -1.33% in comparison to the 20-day moving average, which settled at $6.05. In addition, Kearny Financial Corp saw -16.38% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at KRNY starting from Wong-Zaza Melvina, who purchase 5,000 shares at the price of $7.23 back on Feb 07 ’25. After this action, Wong-Zaza Melvina now owns 27,535 shares of Kearny Financial Corp, valued at $36,172 using the latest closing price.
Wong-Zaza Melvina, the Director of Kearny Financial Corp, purchase 1,600 shares at $6.21 during a trade that took place back on Aug 15 ’24, which means that Wong-Zaza Melvina is holding 22,535 shares at $9,936 based on the most recent closing price.
Stock Fundamentals for KRNY
Current profitability levels for the company are sitting at:
- 0.36 for the present operating margin
- 1.0 for the gross margin
The net margin for Kearny Financial Corp stands at -0.24. The total capital return value is set at 0.01. Equity return is now at value -8.79, with -0.90 for asset returns.
Based on Kearny Financial Corp (KRNY), the company’s capital structure generated 0.63 points at debt to capital in total, while cash flow to debt ratio is standing at 0.02. The debt to equity ratio resting at 1.69. The interest coverage ratio of the stock is 0.54.
When we switch over and look at the enterprise to sales, we see a ratio of 5.11. The receivables turnover for the company is 0.05for trailing twelve months and the total asset turnover is 0.04. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.04.
Conclusion
In conclusion, Kearny Financial Corp (KRNY) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
