Beamr video compression achieves up to 50% improvement for AVs
Melvina Wong-Zaza, a director at Kearny Financial Corp. (NASDAQ:KRNY), has recently acquired 5,000 shares of the company’s common stock. The purchase was made on February 7, 2025, at a price of $7.2345 per share, totaling approximately $36,172. Following this transaction, Wong-Zaza now holds 27,535 shares directly. This acquisition reflects her continued investment in the company, which is based in Fairfield, New Jersey. While currently showing weak financial health metrics, InvestingPro analysts project a return to profitability this year, with additional insights available through the platform’s comprehensive analysis tools.
In other recent news, Kearny Financial Corp. has undergone significant changes in its board structure. The company announced the retirement and resignation of board member John N. Hopkins, effective February 1, 2025, as well as the passing of board member John F. Regan. To address these vacancies, Kearny Financial Corp. and Kearny Bank will reduce their boards from 14 to 12 members as of February 1, 2025.
In another development, Piper Sandler analyst Mark Fitzgibbon upgraded Kearny Financial’s stock rating from Neutral to Overweight, while lowering the price target to $8.50 from $9.00. This adjustment was based on changes in the multiples of peer banks and reflects a perceived favorable risk/reward profile for Kearny Financial. Fitzgibbon’s analysis suggests an upside potential of about 24% for the company’s shares.
These are the latest developments for Kearny Financial Corp., a company that investors will continue to watch closely. As these changes unfold, the impact on the company’s governance, strategic direction, and stock performance will be of keen interest to stakeholders.
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