13,300 Shares in Kearny Financial Corp. (NASDAQ:KRNY) Acquired by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS purchased a new position in shares of Kearny Financial Corp. (NASDAQ:KRNY) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 13,300 shares of the savings and loans company’s stock, valued at approximately $94,000.

Other large investors also recently bought and sold shares of the company. American Century Companies Inc. grew its stake in shares of Kearny Financial by 2.3% during the 4th quarter. American Century Companies Inc. now owns 407,861 shares of the savings and loans company’s stock valued at $2,888,000 after buying an additional 9,255 shares during the period. Quantbot Technologies LP grew its position in Kearny Financial by 13.1% during the fourth quarter. Quantbot Technologies LP now owns 12,784 shares of the savings and loans company’s stock valued at $91,000 after acquiring an additional 1,476 shares during the period. Virtu Financial LLC acquired a new stake in Kearny Financial during the fourth quarter worth about $136,000. Intech Investment Management LLC raised its holdings in shares of Kearny Financial by 100.9% in the 4th quarter. Intech Investment Management LLC now owns 25,287 shares of the savings and loans company’s stock worth $179,000 after purchasing an additional 12,702 shares during the period. Finally, GWN Securities Inc. acquired a new position in shares of Kearny Financial in the 4th quarter valued at about $95,000. Hedge funds and other institutional investors own 71.01% of the company’s stock.

Insider Activity

In other news, Director Melvina Wong-Zaza bought 5,000 shares of the firm’s stock in a transaction dated Friday, February 7th. The stock was acquired at an average cost of $7.23 per share, for a total transaction of $36,150.00. Following the completion of the purchase, the director now owns 27,535 shares of the company’s stock, valued at $199,078.05. This trade represents a 22.19 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 8.56% of the company’s stock.

Analyst Upgrades and Downgrades

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

Kearny Financial Stock Performance

NASDAQ:KRNY opened at $5.72 on Friday. The firm’s fifty day simple moving average is $6.58 and its 200 day simple moving average is $7.10. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.69. Kearny Financial Corp. has a twelve month low of $5.28 and a twelve month high of $8.59. The firm has a market capitalization of $369.40 million, a price-to-earnings ratio of -5.06 and a beta of 0.70.

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

Kearny Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were given a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 7.69%. The ex-dividend date of this dividend was Wednesday, February 12th. Kearny Financial’s dividend payout ratio (DPR) 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.