Kearny Financial Corp. (NASDAQ:KRNY) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. grew its position in Kearny Financial Corp. (NASDAQ:KRNY - Free Report) by 33.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 319,722 shares of the savings and loans company's stock after acquiring an additional 80,033 shares during the period. JPMorgan Chase & Co. owned 0.50% of Kearny Financial worth $2,264,000 as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of KRNY. Barclays PLC boosted its stake in Kearny Financial by 26.1% in the third quarter. Barclays PLC now owns 428,421 shares of the savings and loans company's stock valued at $2,944,000 after acquiring an additional 88,771 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of Kearny Financial by 2.3% during the fourth quarter. American Century Companies Inc. now owns 407,861 shares of the savings and loans company's stock valued at $2,888,000 after buying an additional 9,255 shares during the last quarter. Empowered Funds LLC lifted its holdings in shares of Kearny Financial by 5.0% during the 4th 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 during the period. Jane Street Group LLC boosted its holdings in 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 worth $875,000 after buying an additional 68,473 shares during the period. Finally, AlphaQuest LLC bought a new position in shares of Kearny Financial during the 4th quarter valued at approximately $458,000. 71.01% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Insider Transactions at Kearny Financial

In related news, Director Melvina Wong-Zaza acquired 5,000 shares of Kearny Financial stock in a transaction dated Friday, February 7th. The stock was purchased at an average cost of $7.23 per share, for a total transaction of $36,150.00. Following the purchase, the director now directly owns 27,535 shares of the company's stock, valued at approximately $199,078.05. This trade represents a 22.19 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 8.56% of the company's stock.

Kearny Financial Stock Down 1.0 %

KRNY stock traded down $0.07 during mid-day trading on Monday, hitting $6.31. 111,586 shares of the company were exchanged, compared to its average volume of 383,363. The company has a market capitalization of $407.18 million, a PE ratio of -5.58 and a beta of 0.70. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.69. Kearny Financial Corp. has a twelve month low of $5.28 and a twelve month high of $8.59. The firm has a fifty day simple moving average of $6.31 and a 200 day simple moving average of $7.05.

Kearny Financial (NASDAQ:KRNY - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The savings and loans company reported $0.11 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.11. The company had revenue of $38.60 million for the quarter, compared to the consensus estimate of $38.71 million. Kearny Financial had a negative net margin of 20.05% and a positive return on equity of 3.31%.

Kearny Financial Dividend Announcement

The business 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 annualized dividend and a yield of 6.98%. The ex-dividend date is Wednesday, May 7th. Kearny Financial's payout ratio is -38.60%.

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.