Kearny Financial Corp. (NASDAQ:KRNY) Shares Acquired by Invesco Ltd.

Invesco Ltd. grew its stake in shares of Kearny Financial Corp. (NASDAQ:KRNY) by 302.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 876,004 shares of the savings and loans company’s stock after acquiring an additional 658,150 shares during the quarter. Invesco Ltd. owned about 1.36% of Kearny Financial worth $6,202,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Ieq Capital LLC purchased a new position in shares of Kearny Financial in the fourth quarter worth $73,000. Optas LLC purchased a new position in Kearny Financial in the 4th quarter worth $87,000. Quantbot Technologies LP lifted its position in Kearny Financial by 13.1% during the 4th quarter. Quantbot Technologies LP now owns 12,784 shares of the savings and loans company’s stock worth $91,000 after acquiring an additional 1,476 shares during the period. KLP Kapitalforvaltning AS acquired a new position in shares of Kearny Financial in the fourth quarter valued at about $94,000. Finally, GWN Securities Inc. purchased a new position in shares of Kearny Financial in the fourth quarter worth about $95,000. 71.01% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Melvina Wong-Zaza acquired 5,000 shares of the firm’s stock in a transaction on Friday, February 7th. The shares were acquired at an average cost of $7.23 per share, with a total value of $36,150.00. Following the completion of the acquisition, the director now directly owns 27,535 shares in the company, valued at approximately $199,078.05. This trade represents a 22.19 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 8.56% of the stock is currently owned by insiders.

Kearny Financial Price Performance

Shares of KRNY opened at $6.37 on Friday. Kearny Financial Corp. has a fifty-two week low of $5.28 and a fifty-two week high of $8.59. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.04 and a current ratio of 1.04. The company has a market capitalization of $411.37 million, a P/E ratio of -5.64 and a beta of 0.70. The business’s 50-day moving average is $6.31 and its two-hundred day moving average is $7.04.

Kearny Financial (NASDAQ:KRNY) last announced its quarterly earnings results on Thursday, April 24th. The savings and loans company reported $0.11 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.11. Kearny Financial had a positive return on equity of 3.31% and a negative net margin of 20.05%. The company had revenue of $38.60 million during the quarter, compared to the consensus estimate of $38.71 million.

Kearny Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 21st. Investors of record on Wednesday, May 7th will be paid a $0.11 dividend. The ex-dividend date of this dividend is Wednesday, May 7th. This represents a $0.44 annualized dividend and a dividend yield of 6.91%. Kearny Financial’s dividend payout ratio is presently -38.94%.

Wall Street Analysts Forecast Growth

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

About Kearny Financial

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.