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Joyce Patrick M, Executive Vice President and Chief Legal Officer at Kearny Financial Corp. (NASDAQ:KRNY), recently sold a total of 4,000 shares of the company’s common stock. The transactions, which took place on June 9, 2025, were executed at prices ranging from $6.125 to $6.135 per share, resulting in a total sale value of $24,525. The sale occurred as Kearny Financial, a $392 million market cap company, trades near $6.28 per share. According to InvestingPro analysis, the stock appears slightly undervalued based on its Fair Value assessment.
Following these sales, Patrick’s direct ownership of Kearny Financial’s common stock stands at 50,622 shares. Additionally, Patrick holds indirect ownership interests through various plans, including 63,341 shares by ESOP, 34,939 shares by 401(k), and 2,320 shares by BEP.
These transactions are part of routine financial management and provide insight into the executive’s current holdings in Kearny Financial.
In other recent news, Kearny Financial Corp. reported third-quarter earnings that fell short of analyst expectations. The company posted earnings of $0.11 per share, missing the consensus estimate of $0.12. Revenue for the quarter was $38.6 million, slightly below the expected $39.23 million. Despite the earnings miss, Kearny Financial saw its net interest margin expand by eight basis points to 1.90%, driven by lower borrowing costs and decreased deposit rates. This margin expansion contributed to a $1.4 million increase in net interest income, bringing it to $34.0 million. The company also reported loan growth of $54.4 million, primarily in non-residential mortgages, and a $36.3 million increase in total deposits. Kearny Financial maintained a strong liquidity position with $2.42 billion in available secured borrowing capacity. The board declared a quarterly cash dividend of $0.11 per share, payable on May 21, 2025.
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