19,181 Shares in Kearny Financial Corp. (NASDAQ:KRNY) Purchased by Virtu Financial LLC

Virtu Financial LLC purchased a new stake in Kearny Financial Corp. (NASDAQ:KRNY) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 19,181 shares of the savings and loans company’s stock, valued at approximately $136,000.

Other large investors have also recently bought and sold shares of the company. Jacobs Levy Equity Management Inc. increased its holdings in shares of Kearny Financial by 79.2% during the third quarter. Jacobs Levy Equity Management Inc. now owns 564,572 shares of the savings and loans company’s stock worth $3,879,000 after purchasing an additional 249,437 shares during the period. JPMorgan Chase & Co. increased its stake in Kearny Financial by 161.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 239,689 shares of the savings and loans company’s stock worth $1,647,000 after acquiring an additional 147,892 shares during the period. Barclays PLC raised its holdings in Kearny Financial by 26.1% in the 3rd quarter. Barclays PLC now owns 428,421 shares of the savings and loans company’s stock valued at $2,944,000 after acquiring an additional 88,771 shares in the last quarter. BNP Paribas Financial Markets lifted its position in shares of Kearny Financial by 345.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 104,772 shares of the savings and loans company’s stock valued at $720,000 after acquiring an additional 81,274 shares during the period. Finally, Jane Street Group LLC grew its holdings in shares of Kearny Financial by 116.1% during the 3rd quarter. Jane Street Group LLC now owns 127,433 shares of the savings and loans company’s stock worth $875,000 after purchasing an additional 68,473 shares in the last quarter. 71.01% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Piper Sandler raised Kearny Financial from a “neutral” rating to an “overweight” rating and dropped their price target for the company from $9.00 to $8.50 in a research note on Monday, January 6th.

Insider Transactions at Kearny Financial

In related news, Director Melvina Wong-Zaza bought 5,000 shares of the firm’s stock in a transaction on Friday, February 7th. The shares were purchased at an average price of $7.23 per share, with a total value of $36,150.00. Following the completion of the purchase, the director now owns 27,535 shares in the company, valued at $199,078.05. This represents a 22.19 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 8.56% of the company’s stock.

Kearny Financial Stock Performance

Shares of NASDAQ:KRNY opened at $6.27 on Monday. Kearny Financial Corp. has a 1 year low of $5.28 and a 1 year high of $8.59. The stock has a market capitalization of $404.92 million, a price-to-earnings ratio of -5.55 and a beta of 0.77. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.04 and a quick ratio of 1.04. The company’s 50 day simple moving average is $6.84 and its 200 day simple moving average is $7.17.

Kearny Financial (NASDAQ:KRNY) last issued its quarterly earnings results on Thursday, January 30th. The savings and loans company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.02). Kearny Financial had a negative net margin of 20.05% and a positive return on equity of 3.31%.

Kearny Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 7.02%. The ex-dividend date was Wednesday, February 12th. Kearny Financial’s payout ratio is -38.94%.

Kearny Financial Profile

Kearny Financial Corp. operates as the holding company for Kearny Bank that provides various banking products and services in the United States. It offers various deposit products, including interest-bearing and non-interest-bearing checking accounts, money market deposit accounts, savings accounts, and certificates of deposit accounts.