New insider activity at Kearny Financial ( (KRNY) ) has taken place on February 11, 2025.
Director Melvina Wong-Zaza has made a significant investment in Kearny Financial by purchasing 5,000 shares of its stock, valued at $36,150.
Recent Updates on KRNY stock
Kearny Financial recently reported its second-quarter fiscal 2025 earnings, showcasing a rise in net income to $6.6 million from $6.1 million in the previous quarter, and increased earnings per share. The company declared a quarterly cash dividend, reflecting optimism in its financial outlook, particularly regarding deposit growth and interest margin expansion. A 3.7% increase in deposits and a significant decrease in borrowings helped reduce the cost of funds. Despite these positive earnings, Keefe Bruyette analyst Christopher O’Connell lowered the price target for Kearny Financial, citing market performance and perhaps moderated expectations for rate cuts. The company is also facing board restructuring challenges, following the passing of a director and the resignation of another, leading to a reduction in board members.
More about Kearny Financial
YTD Price Performance: 4.35%
Average Trading Volume: 346,862
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $465M