Thrivent Financial for Lutherans decreased its position in Kearny Financial Corp. (NASDAQ:KRNY - Free Report) by 35.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 109,385 shares of the savings and loans company's stock after selling 59,488 shares during the period. Thrivent Financial for Lutherans owned about 0.17% of Kearny Financial worth $774,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of the company. FMR LLC raised its stake in shares of Kearny Financial by 40.4% in the third quarter. FMR LLC now owns 8,495 shares of the savings and loans company's stock valued at $58,000 after purchasing an additional 2,445 shares in the last quarter. Point72 DIFC Ltd acquired a new position in shares of Kearny Financial in the 3rd quarter valued at $61,000. Ieq Capital LLC bought a new position in shares of Kearny Financial during the 4th quarter worth about $73,000. Quantbot Technologies LP lifted its holdings in shares of Kearny Financial by 464.0% during the 3rd quarter. Quantbot Technologies LP now owns 11,308 shares of the savings and loans company's stock worth $78,000 after acquiring an additional 9,303 shares during the period. Finally, Intech Investment Management LLC acquired a new stake in shares of Kearny Financial during the 3rd quarter valued at about $86,000. Institutional investors own 71.01% of the company's stock.
Kearny Financial Stock Performance
Shares of NASDAQ:KRNY opened at $6.35 on Thursday. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.04 and a quick ratio of 1.04. The business's fifty day moving average price is $6.78 and its two-hundred day moving average price is $7.16. Kearny Financial Corp. has a fifty-two week low of $5.28 and a fifty-two week high of $8.59. The stock has a market capitalization of $410.08 million, a price-to-earnings ratio of -5.62 and a beta of 0.77.
Kearny Financial (NASDAQ:KRNY - Get Free Report) last issued its 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 3.31%.
Kearny Financial Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were paid a dividend of $0.11 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $0.44 annualized dividend and a yield of 6.93%. Kearny Financial's dividend payout ratio is -38.94%.
Insider Transactions at Kearny Financial
In other Kearny Financial news, Director Melvina Wong-Zaza acquired 5,000 shares of Kearny Financial stock in a transaction on Friday, February 7th. The shares were bought at an average price 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 in the company, valued at $199,078.05. This trade represents a 22.19 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 8.56% of the company's stock.
Analyst Upgrades and Downgrades
Separately, 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 research note on Monday, January 6th.
Read Our Latest Analysis on Kearny Financial
About Kearny Financial
(
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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