Kearny Financial Corp. (NASDAQ:KRNY) Short Interest Update

Kearny Financial Corp. (NASDAQ:KRNY) was the target of a significant growth in short interest in January. As of January 15th, there was short interest totalling 420,000 shares, a growth of 6.6% from the December 31st total of 394,100 shares. Based on an average trading volume of 360,700 shares, the days-to-cover ratio is presently 1.2 days. Currently, 0.7% of the company’s stock are short sold.

Analyst Ratings Changes

A number of research firms have recently commented on KRNY. Piper Sandler upgraded shares of Kearny Financial from a “neutral” rating to an “overweight” rating and cut their price target for the company from $9.00 to $8.50 in a report on Monday, January 6th. StockNews.com raised shares of Kearny Financial from a “sell” rating to a “hold” rating in a research note on Monday, October 28th.

Kearny Financial Stock Performance

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

Kearny Financial (NASDAQ:KRNY) last announced its earnings results 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 negative net margin of 20.05% and a positive return on equity of 3.27%.

Kearny Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders 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 yield of 6.44%. Kearny Financial’s dividend payout ratio is currently -38.94%.

Institutional Trading of Kearny Financial

A number of institutional investors have recently modified their holdings of the company. FMR LLC raised its holdings in shares of 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 buying an additional 2,445 shares during the last quarter. Signaturefd LLC boosted its stake in shares of Kearny Financial by 40.9% in the third quarter. Signaturefd LLC now owns 8,813 shares of the savings and loans company’s stock worth $61,000 after acquiring an additional 2,560 shares during the last quarter. Point72 DIFC Ltd purchased a new position in Kearny Financial in the 3rd quarter valued at $61,000. Point72 Asia Singapore Pte. Ltd. boosted its position in Kearny Financial by 53.1% during the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 9,367 shares of the savings and loans company’s stock worth $58,000 after acquiring an additional 3,249 shares during the last quarter. Finally, Ieq Capital LLC acquired a new position in shares of Kearny Financial during the 4th quarter worth approximately $73,000. 71.01% of the stock is currently owned by institutional investors.

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.