SG Americas Securities LLC Has $370,000 Stock Position in Kearny Financial Corp. (NASDAQ:KRNY)

SG Americas Securities LLC grew its stake in Kearny Financial Corp. (NASDAQ:KRNY) by 27.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 52,275 shares of the savings and loans company’s stock after buying an additional 11,373 shares during the period. SG Americas Securities LLC owned approximately 0.08% of Kearny Financial worth $370,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in KRNY. FMR LLC increased its stake in Kearny Financial by 40.4% during the third quarter. FMR LLC now owns 8,495 shares of the savings and loans company’s stock valued at $58,000 after acquiring an additional 2,445 shares during the period. Signaturefd LLC lifted its stake in shares of Kearny Financial by 40.9% in the 3rd quarter. Signaturefd LLC now owns 8,813 shares of the savings and loans company’s stock valued at $61,000 after purchasing an additional 2,560 shares during the period. Point72 DIFC Ltd bought a new stake in shares of Kearny Financial in the 3rd quarter valued at $61,000. Quantbot Technologies LP increased its position in shares of 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 buying an additional 9,303 shares in the last quarter. Finally, Pallas Capital Advisors LLC bought a new position in Kearny Financial during the 3rd quarter worth about $82,000. Institutional investors and hedge funds own 71.01% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. StockNews.com upgraded Kearny Financial from a “sell” rating to a “hold” rating in a report on Monday, October 28th. Piper Sandler upgraded shares of Kearny Financial from a “neutral” rating to an “overweight” rating and cut their price objective for the stock from $9.00 to $8.50 in a research report on Monday, January 6th.

Kearny Financial Stock Performance

Shares of NASDAQ:KRNY opened at $6.83 on Tuesday. The company’s 50 day simple moving average is $7.41 and its 200 day simple moving average is $7.14. The stock has a market capitalization of $441.08 million, a price-to-earnings ratio of -6.04 and a beta of 0.81. The company has a debt-to-equity ratio of 1.99, a current ratio of 1.08 and a quick ratio of 1.08. Kearny Financial Corp. has a 1 year low of $5.28 and a 1 year high of $8.59.

Kearny Financial (NASDAQ:KRNY) last posted its earnings results on Thursday, January 30th. The savings and loans company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.02). Kearny Financial had a positive return on equity of 3.27% and a negative net margin of 20.05%.

Kearny Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th will be issued a dividend of $0.11 per share. The ex-dividend date is Wednesday, February 12th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 6.44%. Kearny Financial’s dividend payout ratio (DPR) is presently -38.94%.

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.