T. Rowe Price Investment Management Inc. decreased its holdings in Kearny Financial Corp. (NASDAQ:KRNY - Free Report) by 26.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,844,028 shares of the savings and loans company's stock after selling 1,023,114 shares during the quarter. T. Rowe Price Investment Management Inc. owned about 4.40% of Kearny Financial worth $20,136,000 as of its most recent SEC filing.
Several other hedge funds also recently added to or reduced their stakes in KRNY. Jane Street Group LLC increased its position in shares of Kearny Financial by 116.1% in the 3rd quarter. Jane Street Group LLC now owns 127,433 shares of the savings and loans company's stock valued at $875,000 after acquiring an additional 68,473 shares during the period. Barclays PLC increased its holdings in Kearny Financial by 26.1% in the 3rd quarter. Barclays PLC now owns 428,421 shares of the savings and loans company's stock worth $2,944,000 after buying an additional 88,771 shares during the period. Franklin Resources Inc. lifted its stake in Kearny Financial by 2.8% during the 3rd quarter. Franklin Resources Inc. now owns 57,506 shares of the savings and loans company's stock valued at $404,000 after acquiring an additional 1,576 shares during the period. JPMorgan Chase & Co. grew its position in Kearny Financial by 161.1% during the third 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 period. Finally, SG Americas Securities LLC raised its position in shares of Kearny Financial by 27.8% in the fourth quarter. SG Americas Securities LLC now owns 52,275 shares of the savings and loans company's stock worth $370,000 after acquiring an additional 11,373 shares during the period. 71.01% of the stock is owned by institutional investors and hedge funds.
Kearny Financial Trading Up 2.6 %
KRNY traded up $0.16 during trading hours on Friday, reaching $6.44. The company's stock had a trading volume of 61,496 shares, compared to its average volume of 379,811. The business's 50-day moving average is $6.26 and its 200-day moving average is $7.03. 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 market cap of $416.15 million, a PE ratio of -5.71 and a beta of 0.70. Kearny Financial Corp. has a fifty-two week low of $5.31 and a fifty-two week high of $8.59.
Kearny Financial (NASDAQ:KRNY - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The savings and loans company reported $0.11 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.11. Kearny Financial had a negative net margin of 20.05% and a positive return on equity of 3.31%. The firm had revenue of $38.60 million for the quarter, compared to analyst estimates of $38.71 million.
Kearny Financial Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 21st. Investors of record on Wednesday, May 7th will be issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 6.83%. The ex-dividend date of this dividend is Wednesday, May 7th. Kearny Financial's dividend payout ratio (DPR) is -38.60%.
Insider Buying and Selling at Kearny Financial
In related news, Director Melvina Wong-Zaza acquired 5,000 shares of the business's stock in a transaction dated Friday, February 7th. The shares were acquired at an average price of $7.23 per share, with a total value of $36,150.00. Following the completion of the transaction, the director now owns 27,535 shares of the company's stock, valued at $199,078.05. The trade was a 22.19 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 8.56% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
A number of brokerages recently weighed in on KRNY. Keefe, Bruyette & Woods decreased their price target on shares of Kearny Financial from $7.25 to $7.00 and set a "market perform" rating on the stock in a research note on Tuesday. Piper Sandler raised Kearny Financial from a "neutral" rating to an "overweight" rating and reduced their price objective for the company from $9.00 to $8.50 in a research note on Monday, January 6th.
Get Our Latest Analysis on Kearny Financial
About Kearny Financial
(
Free Report)
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.
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