Charles Schwab Investment Management Inc. lowered its position in Kearny Financial Corp. (NASDAQ:KRNY - Free Report) by 16.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 594,577 shares of the savings and loans company's stock after selling 114,057 shares during the period. Charles Schwab Investment Management Inc. owned about 0.92% of Kearny Financial worth $4,210,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of the company. FMR LLC raised its position in Kearny Financial by 40.4% in the third quarter. FMR LLC now owns 8,495 shares of the savings and loans company's stock worth $58,000 after acquiring an additional 2,445 shares during the period. Point72 DIFC Ltd bought a new position in Kearny Financial in the 3rd quarter worth $61,000. Ieq Capital LLC bought a new position in Kearny Financial in the 4th quarter worth $73,000. Quantbot Technologies LP lifted its position in Kearny Financial by 464.0% during the third quarter. Quantbot Technologies LP now owns 11,308 shares of the savings and loans company's stock valued at $78,000 after purchasing an additional 9,303 shares in the last quarter. Finally, Intech Investment Management LLC bought a new stake in Kearny Financial during the third quarter valued at about $86,000. Hedge funds and other institutional investors own 71.01% of the company's stock.
Insider Activity at Kearny Financial
In related news, Director Melvina Wong-Zaza bought 5,000 shares of the business's stock in a transaction that occurred on Friday, February 7th. The stock was bought at an average cost of $7.23 per share, with a total value of $36,150.00. Following the completion of the purchase, the director now owns 27,535 shares of the company's stock, valued at approximately $199,078.05. The trade was a 22.19 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. 8.56% of the stock is owned by corporate insiders.
Analyst Ratings Changes
Separately, Piper Sandler raised Kearny Financial from a "neutral" rating to an "overweight" rating and decreased their price objective for the stock from $9.00 to $8.50 in a research note on Monday, January 6th.
Check Out Our Latest Stock Analysis on KRNY
Kearny Financial Price Performance
Shares of KRNY traded down $0.13 during mid-day trading on Friday, reaching $6.27. The stock had a trading volume of 253,923 shares, compared to its average volume of 390,669. The business has a fifty day moving average of $6.84 and a 200 day moving average of $7.17. 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 firm has a market cap of $404.92 million, a price-to-earnings ratio of -5.55 and a beta of 0.77. 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 earnings results on Thursday, January 30th. The savings and loans company reported $0.10 earnings per share for the quarter, missing the consensus estimate 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 firm also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 7.02%. The ex-dividend date of this dividend was Wednesday, February 12th. Kearny Financial's dividend payout ratio is currently -38.94%.
Kearny Financial Company Profile
(
Free Report)
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.
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