Vanguard Group Inc. Has $21.63 Million Stake in Kearny Financial Corp. (NASDAQ:KRNY)

Vanguard Group Inc. cut its holdings in shares of Kearny Financial Corp. (NASDAQ:KRNY - Free Report) by 1.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,054,731 shares of the savings and loans company's stock after selling 58,516 shares during the period. Vanguard Group Inc. owned about 4.73% of Kearny Financial worth $21,627,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Barclays PLC raised its holdings in shares of Kearny Financial by 26.1% during the 3rd quarter. Barclays PLC now owns 428,421 shares of the savings and loans company's stock worth $2,944,000 after buying an additional 88,771 shares in the last quarter. Jane Street Group LLC lifted its holdings in shares of Kearny Financial by 116.1% in the third quarter. Jane Street Group LLC now owns 127,433 shares of the savings and loans company's stock worth $875,000 after acquiring an additional 68,473 shares during the last quarter. Franklin Resources Inc. boosted its stake in shares of Kearny Financial by 2.8% in the 3rd quarter. Franklin Resources Inc. now owns 57,506 shares of the savings and loans company's stock valued at $404,000 after purchasing an additional 1,576 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Kearny Financial by 161.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 239,689 shares of the savings and loans company's stock valued at $1,647,000 after purchasing an additional 147,892 shares during the last quarter. Finally, Proficio Capital Partners LLC acquired a new position in Kearny Financial during the 4th quarter worth approximately $184,000. Institutional investors and hedge funds own 71.01% of the company's stock.

Insider Buying and Selling

In related news, Director Melvina Wong-Zaza purchased 5,000 shares of the firm's stock in a transaction dated Friday, February 7th. The stock was 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 approximately $199,078.05. This represents a 22.19 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. 8.56% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

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

Kearny Financial Trading Up 1.0 %

Shares of KRNY stock traded up $0.06 during mid-day trading on Friday, reaching $5.92. 329,387 shares of the stock traded hands, compared to its average volume of 384,739. The company has a market cap of $382.31 million, a price-to-earnings ratio of -5.24 and a beta of 0.70. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.69. The stock's fifty day simple moving average is $6.41 and its two-hundred day simple moving average is $7.06. Kearny Financial Corp. has a 1-year low of $5.28 and a 1-year high of $8.59.

Kearny Financial (NASDAQ:KRNY - Get Free Report) last posted its earnings results on Thursday, January 30th. The savings and loans company reported $0.10 earnings per share for the quarter, missing analysts' consensus estimates 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 business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were issued a $0.11 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $0.44 dividend on an annualized basis and a yield of 7.43%. Kearny Financial's payout ratio is -38.94%.

Kearny Financial 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.