Kearny Financial Corp. (NASDAQ:KRNY) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lessened its holdings in shares of Kearny Financial Corp. (NASDAQ:KRNY) by 16.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 594,577 shares of the savings and loans company’s stock after selling 114,057 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.92% of Kearny Financial worth $4,210,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. FMR LLC grew its holdings in Kearny Financial by 40.4% during the 3rd quarter. FMR LLC now owns 8,495 shares of the savings and loans company’s stock valued at $58,000 after purchasing an additional 2,445 shares in the last quarter. Point72 DIFC Ltd bought a new position in Kearny Financial during the 3rd quarter worth $61,000. Ieq Capital LLC bought a new stake in Kearny Financial in the 4th quarter valued at about $73,000. Quantbot Technologies LP boosted its position in shares of Kearny Financial by 464.0% during the third 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 period. Finally, Intech Investment Management LLC bought a new position in shares of Kearny Financial in the third quarter worth $86,000. Hedge funds and other institutional investors own 71.01% of the company’s stock.

Insiders Place Their Bets

In other Kearny Financial news, Director Melvina Wong-Zaza acquired 5,000 shares of the firm’s stock in a transaction that occurred on Friday, February 7th. The stock was purchased at an average cost of $7.23 per share, for a total transaction of $36,150.00. Following the completion of the acquisition, the director now owns 27,535 shares of the company’s stock, 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 SEC, which can be accessed through the SEC website. Insiders own 8.56% of the company’s stock.

Kearny Financial Stock Performance

Shares of NASDAQ KRNY opened at $6.38 on Thursday. Kearny Financial Corp. has a 52-week low of $5.28 and a 52-week high of $8.59. The stock has a market capitalization of $412.02 million, a price-to-earnings ratio of -5.65 and a beta of 0.77. 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 stock’s fifty day simple moving average is $6.87 and its 200 day simple moving average is $7.17.

Kearny Financial (NASDAQ:KRNY) last posted its quarterly earnings data on Thursday, January 30th. The savings and loans company reported $0.10 earnings per share for the quarter, missing the consensus estimate 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 business also recently declared 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 annualized dividend and a dividend yield of 6.90%. The ex-dividend date of this dividend was Wednesday, February 12th. Kearny Financial’s dividend payout ratio is currently -38.94%.

Analyst Upgrades and Downgrades

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

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.