There is no way Kearny Financial Corp. (KRNY) can keep these numbers up

With 1.14 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.34 million shares. The 52-week range on KRNY shows that it touched its highest point at $10.15 and its lowest point at $6.08 during that stretch. It currently has a 1-year price target of $8.25. With its current market cap of 414.99 million, KRNY has annualized dividend of $0.44 while the current yield stands at 6.83%. Beta for the stock currently stands at 0.73.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of KRNY was down-trending over the past week, with a drop of -11.29%, but this was down by -23.06% over a month. Three-month performance dropped to -12.97% while six-month performance fell -22.60%. The stock lost -36.55% in the past year, while it has lost -28.21% so far this year. A look at the trailing 12-month EPS for KRNY yields 0.36 with Next year EPS estimates of 0.53. For the next quarter, that number is 0.10. This implies an EPS growth rate of -39.68% for this year and 39.47% for next year. EPS is expected to grow by 4.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 21.58%.

Float and Shares Shorts:

At present, 63.51 million KRNY shares are outstanding with a float of 56.65 million shares on hand for trading. On Jan 11, 2024, short shares totaled 0.78 million, which was 1.22% higher than short shares on Dec 14, 2023. In addition to BRNY as the firm’s Burney U.S. Factor Rotation ETF, KRNY serves as its Kearny Financial.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for KRNY since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With KRNY analysts setting a high price target of $9.75 and a low target of $6.75, the average target price over the next 12 months is $8.25. Based on these targets, KRNY could surge 51.4% to reach the target high and rise by 4.81% to reach the target low. Reaching the average price target will result in a growth of 28.11% from current levels.

Dividends & Yield:

In terms of dividends, KRNY has a current ratio of $0.44, which is $0.44 over the trailing 12-months, while a dividend of $0.34 is likely to be paid on average over the next five years. Dividend yield is another indicator that appeals to many investors, and KRNY currently yields $6.82. In the past year, KRNY’s dividend yield has been $6.82, but when looking at the stock over the past five years, its yield has been $3.37. Accordingly, KRNY has a current buyback yield of $6.22. This was $6.22 for the TTM, and it was $12.4 for the past five years.

Summary of Insider Activity:

Insiders traded KRNY stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 23 while that of sell transactions has risen to 2 over the past year. The total number of shares bought during that period was 86,534 while 6,587 shares were sold.