Kearny Financial Corp. (NASDAQ:KRNY) changed 0.19% to recent value of $10.77. The stock transacted 354145 shares during most recent day however it has an average volume of 393.89K shares. It spotted trading -18.38% off 52-week high price. On the other end, the stock has been noted 55.86% away from the low price over the last 52-weeks.
On Jan. 22, 2021, Kearny Financial Corp. (NASDAQ GS:KRNY) the holding company for Kearny Bank, declared that the Board of Directors has authorized a new stock repurchase plan to acquire up to 4,210,520 shares or approximately 5% of the Company’s outstanding common stock. In conjunction with this announcement the Company also announced the completion of its previously disclosed stock repurchase plans which authorized the repurchase of 9,218,324 and 4,475,523 shares, respectively. Such shares were repurchased at a cost of $117.9 million, or $12.79 per share, and $46.9 million, or $10.48 per share, respectively.
Repurchases will be made from time to time in the open market, through block trades, in privately negotiated stock purchases or pursuant to any trading plan that may be adopted in accordance with Rule 10b5-1 of the Securities and Exchange Commission. Such repurchases will be made at management’s discretion at prices management considers to be attractive and in the best interests of both the Company and its stockholders, subject to the availability of stock, general market conditions, the trading price of the stock, alternative uses for capital, and the Company’s financial performance. Open market purchases will be conducted in accordance with the limitations set forth in Rule 10b-18 of the Securities and Exchange Commission and other applicable legal requirements.
KRNY has an operating margin of 63.20% while its profit margin remained 19.20% for the last 12 months. Its earnings per share (EPS) expected to touch remained 18.00% for this year while earning per share for the next 5-years is expected to reach at 4.00%.
The company has 86.01M of outstanding shares and 81.48M shares were floated in the market. The price moved ahead of -1.16% from the mean of 20 days, 2.70% from mean of 50 days SMA and performed 24.05% from mean of 200 days price. Company’s performance for the week was -6.43%, 2.77% for month and YTD performance remained 1.99%.