64,728 Shares in Kearny Financial Corp. (NASDAQ:KRNY) Bought by AlphaQuest LLC

AlphaQuest LLC acquired a new position in Kearny Financial Corp. (NASDAQ:KRNY - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 64,728 shares of the savings and loans company's stock, valued at approximately $458,000. AlphaQuest LLC owned approximately 0.10% of Kearny Financial as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the business. Proficio Capital Partners LLC acquired a new position in shares of Kearny Financial during the 4th quarter worth $184,000. Ieq Capital LLC acquired a new position in Kearny Financial during the fourth quarter worth about $73,000. Empowered Funds LLC increased its holdings in Kearny Financial by 5.0% in 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 buying an additional 7,983 shares in the last quarter. Optas LLC acquired a new stake in shares of Kearny Financial during the 4th quarter valued at approximately $87,000. Finally, SG Americas Securities LLC boosted its stake in shares of Kearny Financial by 27.8% during the 4th 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 in the last quarter. Hedge funds and other institutional investors own 71.01% of the company's stock.

Insider Buying and Selling

In other Kearny Financial news, Director Melvina Wong-Zaza purchased 5,000 shares of the firm's stock in a transaction on Friday, February 7th. The shares were purchased at an average cost of $7.23 per share, with a total value of $36,150.00. Following the purchase, the director now owns 27,535 shares in the company, valued at approximately $199,078.05. This represents a 22.19 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 8.56% of the stock is owned by company insiders.

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Analyst Upgrades and Downgrades

Separately, Piper Sandler upgraded Kearny Financial from a "neutral" rating to an "overweight" rating and dropped their price target for the company from $9.00 to $8.50 in a research report on Monday, January 6th.

Kearny Financial Price Performance

Kearny Financial stock traded up $0.03 during mid-day trading on Monday, hitting $6.42. 246,791 shares of the company were exchanged, compared to its average volume of 380,926. Kearny Financial Corp. has a 12-month low of $5.28 and a 12-month high of $8.59. The company has a market capitalization of $414.60 million, a P/E ratio of -5.68 and a beta of 0.77. The business's 50 day simple moving average is $6.96 and its two-hundred day simple moving average is $7.18. 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 (NASDAQ:KRNY - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The savings and loans company reported $0.10 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 6.85%. The ex-dividend date of this dividend was Wednesday, February 12th. Kearny Financial's payout ratio is -38.94%.

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.