Y Intercept Hong Kong Ltd Cuts Stock Holdings in Kearny Financial Corp. (NASDAQ:KRNY)

Y Intercept Hong Kong Ltd reduced its stake in Kearny Financial Corp. (NASDAQ:KRNY) by 27.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 52,810 shares of the savings and loans company’s stock after selling 19,497 shares during the quarter. Y Intercept Hong Kong Ltd owned approximately 0.08% of Kearny Financial worth $374,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. FMR LLC boosted its position in Kearny Financial by 40.4% in the third 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. Point72 DIFC Ltd bought a new stake in shares of Kearny Financial during the 3rd quarter worth $61,000. Ieq Capital LLC purchased a new position in shares of Kearny Financial in the 4th quarter worth about $73,000. Quantbot Technologies LP boosted its holdings 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 worth $78,000 after buying an additional 9,303 shares during the last quarter. Finally, Intech Investment Management LLC bought a new position in Kearny Financial during the third quarter valued at about $86,000. 71.01% of the stock is currently owned by institutional investors.

Insider Transactions at Kearny Financial

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 bought at an average cost of $7.23 per share, with a total value of $36,150.00. Following the completion of the purchase, the director now directly owns 27,535 shares in the company, valued at $199,078.05. This represents a 22.19 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Company insiders own 8.56% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler raised shares of 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 report on Monday, January 6th.

Kearny Financial Stock Down 2.0 %

Shares of NASDAQ:KRNY opened at $6.85 on Tuesday. The firm has a fifty day moving average price of $7.08 and a two-hundred day moving average price of $7.19. The company has a market cap of $442.37 million, a price-to-earnings ratio of -6.06 and a beta of 0.81. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.04 and a quick ratio of 1.04. Kearny Financial Corp. has a one year low of $5.28 and a one year high of $8.59.

Kearny Financial (NASDAQ:KRNY) last released 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 positive return on equity of 3.31% and a negative net margin of 20.05%.

Kearny Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were paid a dividend of $0.11 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 6.42%. Kearny Financial’s dividend payout ratio (DPR) is currently -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.