Have Insiders Sold Kearny Financial Corp. (NASDAQ:KRNY) Shares Recently?

By
Simply Wall St
Published
November 06, 2020

We note that the Kearny Financial Corp. (NASDAQ:KRNY) Executive VP & Chief Lending Officer, Patrick Joyce, recently sold US$54k worth of stock for US$8.97 per share. On the bright side, that's just a small sale and only reduced their holding by 5.2%.

Check out our latest analysis for Kearny Financial

Kearny Financial Insider Transactions Over The Last Year

In the last twelve months, the biggest single purchase by an insider was when Independent Director John McGovern bought US$128k worth of shares at a price of US$8.02 per share. That implies that an insider found the current price of US$8.60 per share to be enticing. That means they have been optimistic about the company in the past, though they may have changed their mind. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. Happily, the Kearny Financial insiders decided to buy shares at close to current prices.

In the last twelve months insiders purchased 46.30k shares for US$416k. But they sold 33.32k shares for US$435k. Over the last year we saw more insider selling of Kearny Financial shares, than buying. The average sell price was around US$13.05. It is certainly not great to see that insiders have sold shares in the company. But the selling was at much higher prices than the current share price (US$8.60), so it probably doesn't tell us a lot about the value on offer today. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!

NasdaqGS:KRNY Insider Trading Volume November 6th 2020

For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.

Insider Ownership of Kearny Financial

Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. Kearny Financial insiders own about US$26m worth of shares. That equates to 3.5% of the company. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

So What Does This Data Suggest About Kearny Financial Insiders?

The recent insider purchases are heartening. But we can't say the same for the transactions over the last 12 months. While recent transactions indicate confidence in Kearny Financial, insiders don't own enough of the company to overcome our cautiousness about the longer term transactions. Overall they seem reasonably aligned. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. To assist with this, we've discovered 2 warning signs that you should run your eye over to get a better picture of Kearny Financial.

But note: Kearny Financial may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.

Promoted
If you’re looking to trade Kearny Financial, open an account with the lowest-cost* platform trusted by professionals, Interactive Brokers. Their clients from over 200 countries and territories trade stocks, options, futures, forex, bonds and funds worldwide from a single integrated account.


This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
*Interactive Brokers Rated Lowest Cost Broker by StockBrokers.com Annual Online Review 2020


Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com.

Discounted cash flow calculation for every stock

Simply Wall St does a detailed discounted cash flow calculation every 6 hours for every stock on the market, so if you want to find the intrinsic value of any company just search here. It’s FREE.


Simply Wall St character - Warren

Simply Wall St

Simply Wall St is a financial technology startup focused on providing unbiased, high-quality research coverage on every listed company in the world. Our research team consists of equity analysts with a public, market-beating track record. Learn more about the team behind Simply Wall St.