Kearny Financial Corp. (KRNY): Why its showing bull behavior?

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Kearny Financial Corp. (NASDAQ:KRNY) changes shares on Thursday trading session, with a change of 2.76% or $0.21 shares. The trading starts at $7.56 and closed at $7.62 throughout the day. The trading session low price was $7.55 and day high was $7.86 on Thursday, June 25. After the session, the Financial sector daily volume shifted to 0.26 million while its average volume is 343.72K. In other hand, the KRNY market cap reached to $669.70M.

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is down -5.32% and down -17.49% for month. Its quarterly performance was -12.51% below, while its half year performance is down -43.51%. KRNY yearly performance stood at negative -39.02% and fall -43.38% for year-to-date. Current recommendation for Kearny Financial Corp. is 2.00.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. KRNY EPS (TTM) for 12-month is 0.49. EPS for this year is 69.80%, while for the next year its value is 0.47. Sales growth for the current quarter is 4.02 while its EPS Q/Q reached -10.80%. It has an EPS of 32.80% up for past five years and for the next five years will be up 4.00%.

Let’s take a look on the analyst recommendations on KRNY for the current month and previous month. For the current month, 2 of 3 analysts recommend stock as Buy while 0 as Sell, 0 as overweight, 0 as underweight and 1 as Hold. As compared with the previous month ratings, 0 analysts participate in stock recommendation. Out of 0, 0 rated it sell, 0 rated it as Buy and 0 as Hold Ratings.

Vanguard Group, Inc. (The), Dimensional Fund Advisors LP and Renaissance Technologies, LLC are the top three holders in Kearny Financial Corp. (KRNY) stock. On Mar 30, 2020, Vanguard Group, Inc. (The) has 7.36 million shares which valued 63.24 million. On Mar 30, 2020, Dimensional Fund Advisors LP owned 7.32 million shares which valued at 62.92 million. On Mar 30, 2020, Renaissance Technologies, LLC has a total of 5.9 million shares which valued at 50.69 million. In the end, Renaissance Technologies, LLC have 7.05% shares outstanding of Kearny Financial Corp. (KRNY) on Mar 30, 2020. The insider ownership moved to 0.60% and institutional holding shifted to 66.60%.

The company posted an EPS (TTM) of 0.49. According to the most recent quarter report on (Jun 2020), 3 analysts estimated an average EPS of 0.07, while 0.11 EPS posted a year ago period. Analyst Estimated EPS for KRNY published in the report was 0.01-0.12 during the same period. Comparing with last year, the average estimated EPS was 0.11 which is equal to 0.11 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for KRNY fall -31.69% for period of 200 days. SMA for 50 days was -7.15% which is showing red signal, while SMA-20 was -8.57%. The moving average value for Kearny Financial Corp. (KRNY) is 10.44 and 8.46 for 200 and 50 days respectively.