Algert Global LLC raised its position in Kearny Financial (NASDAQ:KRNY - Free Report) by 59.2% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 370,979 shares of the savings and loans company's stock after acquiring an additional 137,933 shares during the period. Algert Global LLC owned about 0.57% of Kearny Financial worth $3,509,000 as of its most recent filing with the SEC.
A number of other large investors have also recently bought and sold shares of KRNY. EverSource Wealth Advisors LLC grew its stake in Kearny Financial by 103.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 3,448 shares of the savings and loans company's stock valued at $26,000 after purchasing an additional 1,753 shares in the last quarter. Allworth Financial LP acquired a new position in Kearny Financial in the 2nd quarter valued at about $27,000. Osaic Holdings Inc. increased its stake in shares of Kearny Financial by 11,688.6% during the second quarter. Osaic Holdings Inc. now owns 4,126 shares of the savings and loans company's stock worth $27,000 after purchasing an additional 4,091 shares during the period. CANADA LIFE ASSURANCE Co lifted its holdings in shares of Kearny Financial by 35.6% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 6,118 shares of the savings and loans company's stock worth $45,000 after buying an additional 1,605 shares in the last quarter. Finally, Parallel Advisors LLC boosted its holdings in Kearny Financial by 119.5% in the 1st quarter. Parallel Advisors LLC now owns 7,248 shares of the savings and loans company's stock valued at $55,000 after purchasing an additional 3,946 shares during the period. Institutional investors and hedge funds own 71.01% of the company's stock.
Insider Buying and Selling at Kearny Financial
In other news, Director Melvina Wong-Zaza bought 3,500 shares of the company's stock in a transaction dated Thursday, June 11th. The shares were purchased at an average price of $8.57 per share, for a total transaction of $29,995.00. Following the completion of the purchase, the director owned 33,910 shares in the company, valued at approximately $290,608.70. This represents a 11.51% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Curtland E. Fields acquired 14,700 shares of the stock in a transaction that occurred on Monday, July 27th. The stock was acquired at an average cost of $9.41 per share, for a total transaction of $138,327.00. Following the completion of the transaction, the director directly owned 57,900 shares in the company, valued at $544,839. This represents a 34.03% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders acquired 44,273 shares of company stock valued at $394,676. Corporate insiders own 7.44% of the company's stock.
Kearny Financial Stock Down 1.9%
KRNY opened at $9.82 on Friday. The company has a current ratio of 1.05, a quick ratio of 1.03 and a debt-to-equity ratio of 1.50. Kearny Financial has a 12 month low of $6.22 and a 12 month high of $10.08. The business's 50-day moving average price is $9.49 and its 200-day moving average price is $8.48. The company has a market cap of $637.61 million, a P/E ratio of 17.23 and a beta of 0.64.
Kearny Financial (NASDAQ:KRNY - Get Free Report) last announced its earnings results on Thursday, July 23rd. The savings and loans company reported $0.15 EPS for the quarter, missing analysts' consensus estimates of $0.17 by ($0.02). The business had revenue of $45.69 million for the quarter, compared to the consensus estimate of $45.61 million. Kearny Financial had a net margin of 10.45% and a return on equity of 4.90%. On average, equities analysts expect that Kearny Financial will post 0.8 EPS for the current year.
Kearny Financial Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 26th. Stockholders of record on Wednesday, August 12th were given a $0.11 dividend. The ex-dividend date of this dividend was Wednesday, August 12th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 4.5%. Kearny Financial's dividend payout ratio is currently 77.19%.
Analyst Upgrades and Downgrades
Several analysts recently weighed in on KRNY shares. Weiss Ratings upgraded Kearny Financial from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Monday. Piper Sandler lifted their price target on shares of Kearny Financial from $9.50 to $10.50 and gave the stock an "overweight" rating in a report on Thursday, June 25th. Finally, Raymond James Financial started coverage on shares of Kearny Financial in a research note on Wednesday. They issued an "outperform" rating and a $11.00 price objective on the stock. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $10.75.
Get Our Latest Analysis on KRNY
About Kearny Financial
(
Free Report)
Kearny Financial, Inc was the bank holding company for Kearny Bank, a New Jersey–based community bank offering a full suite of commercial and consumer banking services. Through its subsidiary, the company provided deposit products, lending facilities and electronic banking solutions to individuals, small businesses and middle-market corporations.
The company's core products included checking and savings accounts, certificates of deposit, residential and commercial real estate loans, construction financing, equipment financing, home equity lines of credit and consumer installment loans.
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