Proficio Capital Partners LLC Buys Shares of 25,920 Kearny Financial Corp. (NASDAQ:KRNY)

Proficio Capital Partners LLC purchased a new position in shares of Kearny Financial Corp. (NASDAQ:KRNY) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 25,920 shares of the savings and loans company’s stock, valued at approximately $184,000.

Several other institutional investors and hedge funds also recently made changes to their positions in KRNY. Jacobs Levy Equity Management Inc. lifted its holdings in Kearny Financial by 79.2% during the third quarter. Jacobs Levy Equity Management Inc. now owns 564,572 shares of the savings and loans company’s stock worth $3,879,000 after acquiring an additional 249,437 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings 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 purchasing an additional 147,892 shares in the last quarter. Barclays PLC lifted its holdings in shares of Kearny Financial by 26.1% during the 3rd quarter. Barclays PLC now owns 428,421 shares of the savings and loans company’s stock valued at $2,944,000 after purchasing an additional 88,771 shares in the last quarter. BNP Paribas Financial Markets grew its position in shares of Kearny Financial by 345.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 104,772 shares of the savings and loans company’s stock valued at $720,000 after purchasing an additional 81,274 shares during the period. Finally, Fourthstone LLC bought a new stake in Kearny Financial during the 3rd quarter worth approximately $481,000. Institutional investors and hedge funds own 71.01% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Piper Sandler raised 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 research note on Monday, January 6th.

Kearny Financial Price Performance

KRNY stock opened at $6.40 on Friday. The stock has a market cap of $413.31 million, a PE ratio of -5.66 and a beta of 0.77. The stock has a 50-day moving average price of $6.86 and a two-hundred day moving average price of $7.16. Kearny Financial Corp. has a 1 year low of $5.28 and a 1 year high of $8.59. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.69.

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 (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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 6.88%. The ex-dividend date of this dividend was Wednesday, February 12th. Kearny Financial’s dividend payout ratio is presently -38.94%.

Insider Buying and Selling

In other Kearny Financial 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 cost of $7.23 per share, for a total transaction of $36,150.00. Following the purchase, the director now owns 27,535 shares of the company’s stock, valued at approximately $199,078.05. This represents a 22.19 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 8.56% of the stock is currently owned by corporate insiders.

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.