Keefe, Bruyette & Woods Maintains Market Perform on Kearny Financial, Lowers Price Target to $7
Real-time Intelligence: Benzinga Pro offers the fastest news alerts and real-time intelligence for traders to enhance their market performance.
Community Engagement: Over 10,000 serious traders are part of the Benzinga Pro community, benefiting from exclusive stories and accurate stock market insights.
Trade with 70% Backtested Accuracy
Analyst Views on KRNY
About KRNY
About the author

- Quarterly Dividend Announcement: Kearny Financial has declared a quarterly dividend of $0.11 per share, consistent with previous distributions, indicating stable cash flow and profitability, which enhances investor confidence.
- Yield Performance: The forward yield of 5.33% is attractive in the current market environment, potentially drawing in more investors seeking stable income.
- Payment Schedule: The dividend will be payable on February 18, with a record date of February 4 and an ex-dividend date also on February 4, ensuring shareholders receive their returns promptly and fostering stable shareholder relations.
- Investor Focus: Kearny Financial's dividend performance aligns with its historical earnings data, reflecting the company's ongoing commitment to shareholder returns, which may positively impact its stock price.
Earnings Growth: Kearny Financial Corp. reported a profit of $9.51 million, or $0.15 per share, for the first quarter, an increase from $6.09 million, or $0.10 per share, in the previous year.
Adjusted Earnings: Excluding certain items, the adjusted earnings for the period were $11.89 million, also at $0.15 per share.
Interest Income Comparison: Total interest income decreased slightly to $82.51 million from $83.25 million last year.
Non-Interest Income Increase: Total non-interest income rose to $5.85 million, up from $4.63 million in the previous year.
Stock Performance: KRNY's stock has a 52-week low of $5.445 and a high of $8.59, with the last trade recorded at $6.61.
Market Insights: The article mentions other dividend stocks that have recently crossed above their 200-day moving average, indicating potential investment opportunities.

Real-time Intelligence: Benzinga Pro offers the fastest news alerts and real-time intelligence for traders to enhance their market performance.
Community Engagement: Over 10,000 serious traders are part of the Benzinga Pro community, benefiting from exclusive stories and accurate stock market insights.

ServiceNow Financial Results: ServiceNow, Inc. shares rose 9% in pre-market trading after reporting first-quarter revenue of $3.09 billion and adjusted earnings of $4.04 per share, both exceeding analyst expectations.
Stock Movements: Several stocks experienced significant movements in pre-market trading, with CN Energy Group rising 95.9% and Greenlane Holdings falling 92%, reflecting a mix of gains and losses across various companies.
Index Rebalancing Announcement: Keefe, Bruyette & Woods, Inc. has announced the fourth quarter 2024 index rebalancing for several KBW Nasdaq indexes, effective December 23, 2024, involving multiple additions and removals of constituents across four indices.
Details of Changes: The changes include significant additions to the KBW Nasdaq Capital Markets Index, Financial Technology Index, Financial Sector Dividend Yield Index, and Premium Yield Equity REIT Index, with various companies being added or dropped from each index.









