Rhino Investment Partners Inc Boosts Holdings in Kearny Financial Corp. (NASDAQ:KRNY)

Rhino Investment Partners Inc lifted its position in shares of Kearny Financial Corp. (NASDAQ:KRNY - Free Report) by 294.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 599,283 shares of the savings and loans company's stock after purchasing an additional 447,447 shares during the quarter. Rhino Investment Partners Inc owned 0.93% of Kearny Financial worth $4,243,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Invesco Ltd. raised its stake in shares of Kearny Financial by 302.1% in the fourth quarter. Invesco Ltd. now owns 876,004 shares of the savings and loans company's stock worth $6,202,000 after purchasing an additional 658,150 shares during the last quarter. Fourthstone LLC raised its holdings in shares of Kearny Financial by 439.2% in the fourth quarter. Fourthstone LLC now owns 377,431 shares of the savings and loans company's stock valued at $2,672,000 after purchasing an additional 307,431 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings 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 worth $1,647,000 after purchasing an additional 147,892 shares during the last quarter. Barclays PLC increased its stake 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 valued at $2,944,000 after buying an additional 88,771 shares during the last quarter. Finally, Jane Street Group LLC lifted its position in shares of 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 buying an additional 68,473 shares in the last quarter. 71.01% of the stock is currently owned by institutional investors.

Kearny Financial Stock Performance

Shares of Kearny Financial stock traded up $0.20 on Friday, reaching $6.48. 200,147 shares of the company traded hands, compared to its average volume of 380,670. The company has a 50 day moving average of $6.25 and a 200 day moving average of $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. Kearny Financial Corp. has a 52 week low of $5.31 and a 52 week high of $8.59. The firm has a market capitalization of $418.48 million, a PE ratio of -5.73 and a beta of 0.70.

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 earnings per share for the quarter, meeting the consensus estimate of $0.11. Kearny Financial had a positive return on equity of 3.31% and a negative net margin of 20.05%. The business had revenue of $38.60 million during the quarter, compared to analyst estimates of $38.71 million.

Kearny Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 21st. Investors of record on Wednesday, May 7th will be paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 6.79%. The ex-dividend date of this dividend is Wednesday, May 7th. Kearny Financial's dividend payout ratio is currently -38.60%.

Analyst Ratings Changes

A number of analysts recently commented on the company. Keefe, Bruyette & Woods decreased their price target on Kearny Financial from $7.25 to $7.00 and set a "market perform" rating for the company in a research report on Tuesday. Piper Sandler raised Kearny Financial from a "neutral" rating to an "overweight" rating and decreased their target price for the company from $9.00 to $8.50 in a research report on Monday, January 6th.

Insider Buying and Selling at Kearny Financial

In related news, Director Melvina Wong-Zaza bought 5,000 shares of the company's stock in a transaction on Friday, February 7th. The shares were purchased at an average price of $7.23 per share, for a total transaction of $36,150.00. Following the completion of 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 transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 8.56% of the company's stock.

About Kearny Financial

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.