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Compass Point gives a Buy recommendation for Kearny Financial Corp. (KRNY)

Kearny Financial Corp.’s recent filing unveils that its Director Wong-Zaza Melvina acquired Company’s shares for reported $49623.0 on May 21 ’24. In the deal valued at $5.95 per share,8,340 shares were bought. As a result of this transaction, Wong-Zaza Melvina now holds 14,935 shares worth roughly $91850.25.

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Then, Pivirotto Charles J bought 5,160 shares, generating $29,739 in total proceeds. Upon buying the shares at $5.76, the Director now owns 59,573 shares.

Before that, Suchodolski Keith bought 2,000 shares. Kearny Financial Corp. shares valued at $11,740 were divested by the SEVP and CFO at a price of $5.87 per share. As a result of the transaction, Suchodolski Keith now holds 82,648 shares, worth roughly $0.51 million.

Compass Point upgraded its Kearny Financial Corp. [KRNY] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Compass Point’s analysts, who decreased its forecast for the stock in late October from “a Buy” to “a Neutral”. Piper Sandler also remained covering KRNY and has decreased its forecast on January 06, 2022 with a “Neutral” recommendation from previously “an Overweight” rating. Piper Sandler revised its rating on April 06, 2020. It rated KRNY as “an Overweight” which previously was an “a Neutral”.

Price Performance Review of KRNY

On Friday, Kearny Financial Corp. [NASDAQ:KRNY] saw its stock jump 6.22% to $6.15. Over the last five days, the stock has gained 11.82%. Kearny Financial Corp. shares have fallen nearly -31.44% since the year began. Nevertheless, the stocks have fallen -13.26% over the past one year. While a 52-week high of $9.46 was reached on 01/02/24, a 52-week low of $5.28 was recorded on 04/30/24. SMA at 50 days reached $5.66, while 200 days put it at $6.83. A total of 1.68 million shares were traded, compared to the trading of 0.35 million shares in the previous session.

Levels Of Support And Resistance For KRNY Stock

The 24-hour chart illustrates a support level at 5.83, which if violated will result in even more drops to 5.51. On the upside, there is a resistance level at 6.47. A further resistance level may holdings at 6.78. The Relative Strength Index (RSI) on the 14-day chart is 66.93, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.27, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 27.27%. Stochastics%K at 81.87% indicates the stock is a selling.

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