12,290 Shares in Kearny Financial Corp. (NASDAQ:KRNY) Purchased by Optas LLC

Optas LLC purchased a new stake in Kearny Financial Corp. (NASDAQ:KRNY) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 12,290 shares of the savings and loans company’s stock, valued at approximately $87,000.

A number of other institutional investors and hedge funds also recently modified their holdings of KRNY. FMR LLC boosted its position 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 worth $58,000 after acquiring an additional 2,445 shares during the last quarter. Signaturefd LLC boosted its holdings 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 last quarter. Point72 DIFC Ltd purchased a new stake in shares of Kearny Financial during the 3rd quarter valued at $61,000. Quantbot Technologies LP increased 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 buying an additional 9,303 shares during the last quarter. Finally, Pallas Capital Advisors LLC purchased a new position in shares of Kearny Financial in the 3rd quarter worth $82,000. Institutional investors and hedge funds own 71.01% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. StockNews.com raised Kearny Financial from a “sell” rating to a “hold” rating in a research report on Monday, October 28th. Piper Sandler upgraded 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 report on Monday, January 6th.

Kearny Financial Stock Performance

NASDAQ:KRNY opened at $6.98 on Wednesday. The firm’s fifty day simple moving average is $7.39 and its 200 day simple moving average is $7.14. 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 twelve month low of $5.28 and a twelve month high of $8.59. The firm has a market capitalization of $450.77 million, a price-to-earnings ratio of -6.18 and a beta of 0.81.

Kearny Financial (NASDAQ:KRNY) last issued its quarterly earnings data on Thursday, January 30th. The savings and loans company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.02). Kearny Financial had a positive return on equity of 3.27% and a negative net margin of 20.05%.

Kearny Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th will be paid a dividend of $0.11 per share. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 6.30%. Kearny Financial’s dividend payout ratio is currently -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.