Fourthstone LLC Has $2.67 Million Holdings in Kearny Financial Corp. (NASDAQ:KRNY)

Fourthstone LLC increased its stake in Kearny Financial Corp. (NASDAQ:KRNY - Free Report) by 439.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 377,431 shares of the savings and loans company's stock after acquiring an additional 307,431 shares during the quarter. Fourthstone LLC owned 0.58% of Kearny Financial worth $2,672,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. FMR LLC boosted its holdings in shares of Kearny Financial by 40.4% in the 3rd quarter. FMR LLC now owns 8,495 shares of the savings and loans company's stock worth $58,000 after buying an additional 2,445 shares during the last quarter. Ieq Capital LLC bought a new stake in Kearny Financial in the fourth quarter worth $73,000. Mariner LLC purchased a new position in Kearny Financial in the 4th quarter worth approximately $82,000. Optas LLC bought a new stake in Kearny Financial during the 4th quarter valued at $87,000. Finally, Quantbot Technologies LP grew its stake in shares of Kearny Financial by 13.1% in the fourth quarter. Quantbot Technologies LP now owns 12,784 shares of the savings and loans company's stock worth $91,000 after purchasing an additional 1,476 shares during the last quarter. 71.01% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Piper Sandler raised Kearny Financial from a "neutral" rating to an "overweight" rating and reduced their price target for the stock from $9.00 to $8.50 in a research note on Monday, January 6th.

Kearny Financial Stock Up 3.1 %

NASDAQ KRNY traded up $0.19 on Tuesday, reaching $6.07. 103,249 shares of the stock traded hands, compared to its average volume of 338,765. The company has a fifty day moving average price of $6.38 and a 200-day moving average price of $7.06. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.04 and a current ratio of 1.04. The company has a market cap of $391.68 million, a price-to-earnings ratio of -5.37 and a beta of 0.70. Kearny Financial Corp. has a 12 month low of $5.28 and a 12 month high of $8.59.

Kearny Financial (NASDAQ:KRNY - Get Free Report) last issued 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 announced a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 7.25%. The ex-dividend date of this dividend was Wednesday, February 12th. Kearny Financial's dividend payout ratio (DPR) is currently -38.94%.

Insiders Place Their Bets

In other Kearny Financial news, Director Melvina Wong-Zaza acquired 5,000 shares of the company's stock in a transaction on Friday, February 7th. The shares were bought at an average cost of $7.23 per share, for a total transaction of $36,150.00. Following the acquisition, the director now directly owns 27,535 shares of the company's stock, valued at $199,078.05. This trade represents a 22.19 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 8.56% of the stock is currently owned by insiders.

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.