KLP Kapitalforvaltning AS Takes $94,000 Position in Kearny Financial Corp. (NASDAQ:KRNY)

KLP Kapitalforvaltning AS purchased a new position in shares of Kearny Financial Corp. (NASDAQ:KRNY) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 13,300 shares of the savings and loans company’s stock, valued at approximately $94,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of KRNY. Quantbot Technologies LP lifted its stake in shares of Kearny Financial by 13.1% in the 4th quarter. Quantbot Technologies LP now owns 12,784 shares of the savings and loans company’s stock worth $91,000 after acquiring an additional 1,476 shares during the period. Franklin Resources Inc. raised its holdings in 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 worth $404,000 after purchasing an additional 1,576 shares in the last quarter. FMR LLC boosted its holdings in Kearny Financial by 40.4% in 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. Empowered Funds LLC increased its position in Kearny Financial by 5.0% during the 4th quarter. Empowered Funds LLC now owns 166,738 shares of the savings and loans company’s stock worth $1,181,000 after purchasing an additional 7,983 shares during the period. Finally, American Century Companies Inc. increased its position in Kearny Financial by 2.3% during the 4th quarter. American Century Companies Inc. now owns 407,861 shares of the savings and loans company’s stock worth $2,888,000 after purchasing an additional 9,255 shares during the period. 71.01% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler upgraded Kearny Financial from a “neutral” rating to an “overweight” rating and decreased their price target for the company from $9.00 to $8.50 in a research note on Monday, January 6th.

Kearny Financial Stock Down 5.0 %

Shares of NASDAQ KRNY opened at $5.72 on Friday. 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 firm has a 50-day moving average price of $6.58 and a 200 day moving average price of $7.10. Kearny Financial Corp. has a 52 week low of $5.28 and a 52 week high of $8.59. The stock has a market capitalization of $369.40 million, a price-to-earnings ratio of -5.06 and a beta of 0.70.

Kearny Financial (NASDAQ:KRNY) last announced its quarterly 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 positive return on equity of 3.31% and a negative net margin of 20.05%.

Kearny Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders 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 dividend on an annualized basis and a dividend yield of 7.69%. Kearny Financial’s dividend payout ratio (DPR) is -38.94%.

Insider Buying and Selling

In related news, Director Melvina Wong-Zaza purchased 5,000 shares of the business’s stock in a transaction dated Friday, February 7th. The stock was bought at an average cost of $7.23 per share, with a total value of $36,150.00. Following the completion of the acquisition, the director now directly owns 27,535 shares in the company, valued at $199,078.05. The trade was a 22.19 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 8.56% of the company’s stock.

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.