By otakuyassine3@gmail.com 
Proficio Capital Partners LLC bought a new stake in shares of Kearny Financial Corp. (NASDAQ:KRNY – Free Report) during the 4th quarter, Holdings Channel reports. The firm bought 25,920 shares of the savings and loans company’s stock, valued at approximately $184,000.
Other hedge funds have also recently added to or reduced their stakes in the company. Franklin Resources Inc. increased its stake in shares of Kearny Financial by 2.8% during the third quarter. Franklin Resources Inc. now owns 57,506 shares of the savings and loans company’s stock valued at $404,000 after acquiring an additional 1,576 shares during the period. FMR LLC boosted its stake 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 valued at $58,000 after purchasing an additional 2,445 shares in the last quarter. Aigen Investment Management LP increased its position in shares of Kearny Financial by 36.7% during the 3rd quarter. Aigen Investment Management LP now owns 23,282 shares of the savings and loans company’s stock valued at $160,000 after purchasing an additional 6,250 shares during the period. Empowered Funds LLC raised its stake in shares of Kearny Financial by 5.0% in the 4th quarter. Empowered Funds LLC now owns 166,738 shares of the savings and loans company’s stock worth $1,181,000 after buying an additional 7,983 shares in the last quarter. Finally, Point72 DIFC Ltd bought a new stake in shares of Kearny Financial in the 3rd quarter worth $61,000. Institutional investors own 71.01% of the company’s stock.
Analysts Set New Price Targets
Separately, Piper Sandler raised Kearny Financial from a “neutral” rating to an “overweight” rating and decreased their target price for the company from $9.00 to $8.50 in a research note on Monday, January 6th.
Read Our Latest Research Report on KRNY
Insider Activity at Kearny Financial
In other news, Director Melvina Wong-Zaza purchased 5,000 shares of Kearny Financial stock in a transaction that occurred on Friday, February 7th. The stock was acquired at an average price of $7.23 per share, for a total transaction of $36,150.00. Following the transaction, the director now owns 27,535 shares in the company, valued at $199,078.05. The trade was a 22.19 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 8.56% of the stock is currently owned by corporate insiders.
Kearny Financial Stock Up 1.8 %
NASDAQ KRNY opened at $6.29 on Thursday. Kearny Financial Corp. has a 12 month low of $5.28 and a 12 month high of $8.59. The company has a market capitalization of $406.21 million, a P/E ratio of -5.57 and a beta of 0.77. The company’s 50 day simple moving average is $7.00 and its 200 day simple moving average is $7.20. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.04 and a quick ratio of 1.04.
Kearny Financial (NASDAQ:KRNY – Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The savings and loans company reported $0.10 earnings per share (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 Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 7.00%. The ex-dividend date was Wednesday, February 12th. Kearny Financial’s dividend payout ratio is -38.94%.
About Kearny Financial
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.
Further Reading
Want to see what other hedge funds are holding KRNY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kearny Financial Corp. (NASDAQ:KRNY – Free Report).
Receive News & Ratings for Kearny Financial Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Kearny Financial and related companies with MarketBeat.com’s FREE daily email newsletter.