Kearny Financial Corp. (NASDAQ:KRNY) Director Acquires $36,150.00 in Stock

Kearny Financial Corp. (NASDAQ:KRNY) Director Melvina Wong-Zaza acquired 5,000 shares of the company’s stock in a transaction dated Friday, February 7th. The shares were purchased at an average cost of $7.23 per share, with a total value of $36,150.00. Following the acquisition, the director now owns 27,535 shares of the company’s stock, valued at approximately $199,078.05. This represents a 22.19 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Kearny Financial Trading Up 4.5 %

NASDAQ:KRNY traded up $0.33 during trading hours on Monday, hitting $7.53. 198,458 shares of the stock were exchanged, compared to its average volume of 320,067. The company’s 50 day moving average is $7.35 and its two-hundred day moving average is $7.14. The company has a market capitalization of $485.96 million, a P/E ratio of -6.69 and a beta of 0.81. Kearny Financial Corp. has a twelve month low of $5.28 and a twelve month high of $8.59. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.99.

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

Kearny Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th will be paid a $0.11 dividend. 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 5.85%. Kearny Financial’s dividend payout ratio (DPR) is presently -38.94%.

Wall Street Analysts Forecast Growth

KRNY has been the subject of several research analyst reports. Piper Sandler upgraded Kearny Financial from a “neutral” rating to an “overweight” rating and cut their price objective for the company from $9.00 to $8.50 in a research report on Monday, January 6th. StockNews.com upgraded shares of Kearny Financial from a “sell” rating to a “hold” rating in a research report on Monday, October 28th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. FMR LLC grew its holdings in shares of Kearny Financial by 40.4% during the third quarter. FMR LLC now owns 8,495 shares of the savings and loans company’s stock worth $58,000 after buying an additional 2,445 shares in the last quarter. Signaturefd LLC lifted its position in shares of Kearny Financial by 40.9% in the third quarter. Signaturefd LLC now owns 8,813 shares of the savings and loans company’s stock worth $61,000 after purchasing an additional 2,560 shares in the last quarter. Point72 DIFC Ltd acquired a new stake in Kearny Financial in the 3rd quarter valued at $61,000. Ieq Capital LLC bought a new stake in Kearny Financial during the 4th quarter worth about $73,000. Finally, Quantbot Technologies LP raised its holdings 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 worth $78,000 after acquiring an additional 9,303 shares in the last quarter. 71.01% of the stock is currently owned by institutional investors.

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.