American Century Companies Inc. Raises Stock Holdings in Kearny Financial Corp. (NASDAQ:KRNY)

American Century Companies Inc. boosted its holdings in Kearny Financial Corp. (NASDAQ:KRNY) by 2.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 407,861 shares of the savings and loans company’s stock after purchasing an additional 9,255 shares during the period. American Century Companies Inc.’s holdings in Kearny Financial were worth $2,888,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of KRNY. FMR LLC boosted its holdings in shares of Kearny Financial by 40.4% in the 3rd quarter. FMR LLC now owns 8,495 shares of the savings and loans company’s stock worth $58,000 after buying an additional 2,445 shares during the last quarter. Point72 DIFC Ltd purchased a new position in Kearny Financial in the third quarter valued at about $61,000. Ieq Capital LLC purchased a new position in Kearny Financial in the fourth quarter valued at about $73,000. Optas LLC bought a new position in shares of Kearny Financial during the 4th quarter valued at approximately $87,000. Finally, Intech Investment Management LLC purchased a new stake in shares of Kearny Financial during the 3rd quarter worth approximately $86,000. Institutional investors own 71.01% of the company’s stock.

Analysts Set New Price Targets

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

Kearny Financial Price Performance

NASDAQ KRNY opened at $5.81 on Tuesday. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.69. The company has a market cap of $375.21 million, a PE ratio of -5.14 and a beta of 0.70. Kearny Financial Corp. has a 52 week low of $5.28 and a 52 week high of $8.59. The firm’s 50-day simple moving average is $6.70 and its two-hundred day simple moving average is $7.14.

Kearny Financial (NASDAQ:KRNY) last announced its quarterly earnings results on Thursday, January 30th. The savings and loans company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates 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 Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were given a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 7.57%. The ex-dividend date was Wednesday, February 12th. Kearny Financial’s dividend payout ratio (DPR) is presently -38.94%.

Insider Buying and Selling

In other news, Director Melvina Wong-Zaza bought 5,000 shares of the firm’s stock in a transaction that occurred on Friday, February 7th. The shares were acquired at an average price of $7.23 per share, with a total value of $36,150.00. Following the acquisition, the director now owns 27,535 shares of the company’s stock, valued at approximately $199,078.05. The trade was a 22.19 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 8.56% of the stock is currently owned by insiders.

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.