19,181 Shares in Kearny Financial Corp. (NASDAQ:KRNY) Acquired by Virtu Financial LLC

Virtu Financial LLC bought a new stake in Kearny Financial Corp. (NASDAQ:KRNY) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 19,181 shares of the savings and loans company’s stock, valued at approximately $136,000.

Several other hedge funds also recently bought and sold shares of the company. FMR LLC increased its position 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 valued at $58,000 after buying an additional 2,445 shares in the last quarter. Point72 DIFC Ltd bought a new stake in shares of Kearny Financial in the third quarter worth about $61,000. Ieq Capital LLC acquired a new stake in shares of Kearny Financial during the fourth quarter worth about $73,000. Quantbot Technologies LP lifted its holdings in shares of Kearny Financial by 464.0% during 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 in the last quarter. Finally, Intech Investment Management LLC acquired a new position in shares of Kearny Financial in the 3rd quarter valued at approximately $86,000. 71.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler upgraded shares of 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.

Insider Activity at Kearny Financial

In related news, Director Melvina Wong-Zaza purchased 5,000 shares of the stock in a transaction on Friday, February 7th. The shares were purchased at an average price of $7.23 per share, with a total value of $36,150.00. Following the transaction, the director now directly owns 27,535 shares of the company’s stock, valued at $199,078.05. This trade represents a 22.19 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 8.56% of the stock is owned by insiders.

Kearny Financial Stock Performance

KRNY opened at $6.27 on Monday. The company has a market capitalization of $404.92 million, a price-to-earnings ratio of -5.55 and a beta of 0.77. The business’s 50-day moving average price is $6.84 and its two-hundred day moving average price is $7.17. Kearny Financial Corp. has a 1 year low of $5.28 and a 1 year high of $8.59. 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 (NASDAQ:KRNY) last announced 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 negative net margin of 20.05% and a positive return on equity of 3.31%.

Kearny Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 7.02%. The ex-dividend date of this dividend was Wednesday, February 12th. Kearny Financial’s payout ratio is -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.