Kearny Financial Corp. (NASDAQ:KRNY) Shares Sold by Grace & White Inc. NY

Grace & White Inc. NY trimmed its holdings in Kearny Financial Corp. (NASDAQ:KRNY - Free Report) by 44.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,317 shares of the savings and loans company's stock after selling 45,802 shares during the quarter. Grace & White Inc. NY owned about 0.09% of Kearny Financial worth $413,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of KRNY. The Manufacturers Life Insurance Company increased its holdings in shares of Kearny Financial by 9.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 23,015 shares of the savings and loans company's stock worth $142,000 after buying an additional 1,911 shares during the last quarter. SG Americas Securities LLC increased its holdings in shares of Kearny Financial by 44.7% during the 3rd quarter. SG Americas Securities LLC now owns 40,902 shares of the savings and loans company's stock worth $281,000 after buying an additional 12,630 shares during the last quarter. CWM LLC increased its holdings in shares of Kearny Financial by 93.4% during the 3rd quarter. CWM LLC now owns 38,877 shares of the savings and loans company's stock worth $267,000 after buying an additional 18,771 shares during the last quarter. Creative Planning increased its holdings in shares of Kearny Financial by 46.1% during the 3rd quarter. Creative Planning now owns 191,969 shares of the savings and loans company's stock worth $1,319,000 after buying an additional 60,541 shares during the last quarter. Finally, Signaturefd LLC increased its holdings in shares of Kearny Financial by 40.9% during the 3rd quarter. Signaturefd LLC now owns 8,813 shares of the savings and loans company's stock worth $61,000 after buying an additional 2,560 shares during the last quarter. 71.01% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Piper Sandler upgraded shares of Kearny Financial from a "neutral" rating to an "overweight" rating and cut their price target for the stock from $9.00 to $8.50 in a report on Monday, January 6th. StockNews.com upgraded shares of Kearny Financial from a "sell" rating to a "hold" rating in a report on Monday, October 28th.

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 acquired at an average cost of $7.23 per share, with a total value of $36,150.00. Following the transaction, the director now owns 27,535 shares in the company, valued at approximately $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 SEC, which can be accessed through this hyperlink. Corporate insiders own 8.56% of the company's stock.

Kearny Financial Stock Down 1.0 %

Kearny Financial stock traded down $0.07 during trading on Friday, hitting $7.18. The company had a trading volume of 151,847 shares, compared to its average volume of 299,782. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.99. Kearny Financial Corp. has a 1-year low of $5.28 and a 1-year high of $8.59. The company's 50 day simple moving average is $7.27 and its 200-day simple moving average is $7.15.

Kearny Financial (NASDAQ:KRNY - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The savings and loans company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.02). Kearny Financial had a negative net margin of 20.05% and a positive return on equity of 3.27%.

Kearny Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $0.44 annualized dividend and a dividend yield of 6.13%. Kearny Financial's dividend payout ratio (DPR) is currently -38.94%.

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.