JPMorgan Chase & Co. Acquires 80,033 Shares of Kearny Financial Corp. (NASDAQ:KRNY)

JPMorgan Chase & Co. boosted its position in shares of Kearny Financial Corp. (NASDAQ:KRNY - Free Report) by 33.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 319,722 shares of the savings and loans company's stock after purchasing an additional 80,033 shares during the quarter. JPMorgan Chase & Co. owned 0.50% of Kearny Financial worth $2,264,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Barclays PLC grew its holdings in Kearny Financial by 26.1% during the third 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 during the period. American Century Companies Inc. grew its holdings in Kearny Financial by 2.3% during the fourth quarter. American Century Companies Inc. now owns 407,861 shares of the savings and loans company's stock valued at $2,888,000 after purchasing an additional 9,255 shares during the period. Empowered Funds LLC grew its holdings in Kearny Financial by 5.0% during the fourth quarter. Empowered Funds LLC now owns 166,738 shares of the savings and loans company's stock valued at $1,181,000 after purchasing an additional 7,983 shares during the period. Jane Street Group LLC grew its holdings in Kearny Financial by 116.1% during the third quarter. Jane Street Group LLC now owns 127,433 shares of the savings and loans company's stock valued at $875,000 after purchasing an additional 68,473 shares during the period. Finally, AlphaQuest LLC acquired a new position in Kearny Financial during the fourth quarter valued at approximately $458,000. Institutional investors and hedge funds own 71.01% of the company's stock.

Insider Transactions at Kearny Financial

In other news, Director Melvina Wong-Zaza acquired 5,000 shares of the firm's stock in a transaction dated Friday, February 7th. The stock was bought 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 in the company, valued at approximately $199,078.05. The trade was a 22.19 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 8.56% of the stock is currently owned by insiders.

Kearny Financial Stock Down 1.1 %

Shares of Kearny Financial stock traded down $0.07 on Tuesday, hitting $6.30. The company had a trading volume of 249,115 shares, compared to its average volume of 382,544. The firm has a market capitalization of $406.85 million, a P/E ratio of -5.58 and a beta of 0.70. Kearny Financial Corp. has a twelve month low of $5.28 and a twelve month 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. The stock has a 50-day moving average of $6.28 and a 200-day moving average of $7.04.

Kearny Financial (NASDAQ:KRNY - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The savings and loans company reported $0.11 EPS for the quarter, hitting analysts' consensus estimates of $0.11. The business had revenue of $38.60 million for the quarter, compared to analyst estimates of $38.71 million. 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 disclosed a quarterly dividend, which will be paid on Wednesday, May 21st. Stockholders of record on Wednesday, May 7th will be given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 6.98%. The ex-dividend date of this dividend is Wednesday, May 7th. Kearny Financial's dividend payout ratio is presently -38.60%.

Analysts Set New Price Targets

KRNY has been the subject of several research analyst reports. Piper Sandler upgraded shares of Kearny Financial from a "neutral" rating to an "overweight" rating and reduced their price target for the company from $9.00 to $8.50 in a report on Monday, January 6th. Keefe, Bruyette & Woods reduced their price target on shares of Kearny Financial from $7.25 to $7.00 and set a "market perform" rating for the company in a report on Tuesday.

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.