Kearny Financial Corp. (NASDAQ:KRNY) Shares Acquired by Empowered Funds LLC

Empowered Funds LLC increased its position in shares of Kearny Financial Corp. (NASDAQ:KRNY) by 5.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 166,738 shares of the savings and loans company’s stock after buying an additional 7,983 shares during the period. Empowered Funds LLC owned about 0.26% of Kearny Financial worth $1,181,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Barclays PLC increased its position in shares of Kearny Financial by 26.1% during the third quarter. Barclays PLC now owns 428,421 shares of the savings and loans company’s stock worth $2,944,000 after acquiring an additional 88,771 shares during the last quarter. Jane Street Group LLC increased its holdings in Kearny Financial by 116.1% during the 3rd quarter. Jane Street Group LLC now owns 127,433 shares of the savings and loans company’s stock worth $875,000 after purchasing an additional 68,473 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in Kearny Financial by 345.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 104,772 shares of the savings and loans company’s stock worth $720,000 after purchasing an additional 81,274 shares during the last quarter. Franklin Resources Inc. raised its position in shares of Kearny Financial by 2.8% in the 3rd quarter. Franklin Resources Inc. now owns 57,506 shares of the savings and loans company’s stock valued at $404,000 after purchasing an additional 1,576 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of Kearny Financial by 161.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 239,689 shares of the savings and loans company’s stock valued at $1,647,000 after buying an additional 147,892 shares during the last quarter. Institutional investors and hedge funds own 71.01% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. StockNews.com upgraded shares of Kearny Financial from a “sell” rating to a “hold” rating in a research note on Monday, October 28th. Piper Sandler raised 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 research report on Monday, January 6th.

Kearny Financial Price Performance

Shares of NASDAQ KRNY opened at $7.18 on Monday. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.99. The company has a market capitalization of $463.68 million, a price-to-earnings ratio of -6.35 and a beta of 0.81. Kearny Financial Corp. has a twelve month low of $5.28 and a twelve month high of $8.59. The business has a 50 day simple moving average of $7.27 and a 200-day simple moving average of $7.15.

Kearny Financial (NASDAQ:KRNY) last released 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 firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th will be paid a dividend of $0.11 per share. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $0.44 annualized dividend and a yield of 6.13%. Kearny Financial’s dividend payout ratio (DPR) is -38.94%.

Insiders Place Their Bets

In related news, Director Melvina Wong-Zaza purchased 5,000 shares of the company’s stock in a transaction dated Friday, February 7th. The shares were acquired at an average cost of $7.23 per share, for a total transaction of $36,150.00. Following the transaction, the director now 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 document filed with the SEC, which is accessible through this hyperlink. 8.56% of the stock is currently owned by corporate insiders.

Kearny Financial Company 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.