JPMorgan Chase & Co. Buys 147,892 Shares of Kearny Financial Corp. (NASDAQ:KRNY)

JPMorgan Chase & Co. boosted its stake in shares of Kearny Financial Corp. (NASDAQ:KRNY - Free Report) by 161.1% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 239,689 shares of the savings and loans company's stock after buying an additional 147,892 shares during the period. JPMorgan Chase & Co. owned approximately 0.37% of Kearny Financial worth $1,647,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. raised its holdings in shares of Kearny Financial by 53.1% during the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 9,367 shares of the savings and loans company's stock worth $58,000 after acquiring an additional 3,249 shares during the period. FMR LLC increased its holdings in Kearny Financial by 40.4% during the 3rd quarter. FMR LLC now owns 8,495 shares of the savings and loans company's stock worth $58,000 after purchasing an additional 2,445 shares in the last quarter. Signaturefd LLC raised its stake in shares of Kearny Financial by 40.9% in the 3rd quarter. Signaturefd LLC now owns 8,813 shares of the savings and loans company's stock valued at $61,000 after purchasing an additional 2,560 shares during the period. Point72 DIFC Ltd bought a new stake in shares of Kearny Financial in the third quarter valued at about $61,000. Finally, Vanguard Personalized Indexing Management LLC acquired a new position in shares of Kearny Financial during the second quarter worth about $65,000. Institutional investors own 71.01% of the company's stock.

Kearny Financial Stock Down 0.3 %

Shares of NASDAQ:KRNY traded down $0.02 during trading on Thursday, hitting $7.14. 178,343 shares of the company were exchanged, compared to its average volume of 270,264. The stock has a market cap of $461.10 million, a price-to-earnings ratio of -4.92 and a beta of 0.82. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.99. Kearny Financial Corp. has a fifty-two week low of $5.28 and a fifty-two week high of $8.59. The firm has a fifty day moving average price of $7.59 and a two-hundred day moving average price of $7.10.

Kearny Financial (NASDAQ:KRNY - Get Free Report) last issued its earnings results on Thursday, October 24th. The savings and loans company reported $0.10 earnings per share for the quarter, hitting analysts' consensus estimates of $0.10. The business had revenue of $87.88 million for the quarter, compared to the consensus estimate of $37.70 million. Kearny Financial had a negative net margin of 27.43% and a positive return on equity of 3.05%. During the same period in the previous year, the company earned $0.16 earnings per share.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on KRNY shares. Piper Sandler raised Kearny Financial from a "neutral" rating to an "overweight" rating and dropped their target price for the company from $9.00 to $8.50 in a research 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.

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.