Proficio Capital Partners LLC Makes New Investment in Kearny Financial Corp. (NASDAQ:KRNY)

Proficio Capital Partners LLC acquired a new position in shares of Kearny Financial Corp. (NASDAQ:KRNY) during the fourth quarter, HoldingsChannel reports. The firm acquired 25,920 shares of the savings and loans company’s stock, valued at approximately $184,000.

Several other large investors also recently made changes to their positions in the stock. Franklin Resources Inc. increased its holdings in Kearny Financial by 2.8% during the third quarter. Franklin Resources Inc. now owns 57,506 shares of the savings and loans company’s stock worth $404,000 after buying an additional 1,576 shares during the last quarter. FMR LLC increased its stake in shares of Kearny Financial by 40.4% during the 3rd quarter. FMR LLC now owns 8,495 shares of the savings and loans company’s stock worth $58,000 after purchasing an additional 2,445 shares during the last quarter. Empowered Funds LLC raised its holdings in shares of Kearny Financial by 5.0% in the 4th quarter. Empowered Funds LLC now owns 166,738 shares of the savings and loans company’s stock valued at $1,181,000 after purchasing an additional 7,983 shares during the period. Point72 DIFC Ltd bought a new stake in shares of Kearny Financial in the 3rd quarter valued at about $61,000. Finally, Quantbot Technologies LP lifted its stake in Kearny Financial by 464.0% in the 3rd quarter. Quantbot Technologies LP now owns 11,308 shares of the savings and loans company’s stock valued at $78,000 after purchasing an additional 9,303 shares during the last quarter. Institutional investors and hedge funds own 71.01% of the company’s stock.

Insider Activity

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

Kearny Financial Trading Up 0.3 %

Shares of Kearny Financial stock opened at $6.40 on Friday. 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 business has a fifty day simple moving average of $6.86 and a two-hundred day simple moving average of $7.16. Kearny Financial Corp. has a 1 year low of $5.28 and a 1 year high of $8.59. The company has a market capitalization of $413.31 million, a price-to-earnings ratio of -5.66 and a beta of 0.77.

Kearny Financial (NASDAQ:KRNY) last posted its earnings results on Thursday, January 30th. The savings and loans company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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. Stockholders of record on Wednesday, February 12th were issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 6.88%. The ex-dividend date was Wednesday, February 12th. Kearny Financial’s dividend payout ratio is presently -38.94%.

Wall Street Analysts Forecast Growth

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

Kearny Financial Company 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.