JPMorgan Chase & Co. Has $2.26 Million Stock Holdings in Kearny Financial Corp. (NASDAQ:KRNY)

JPMorgan Chase & Co. lifted its stake in Kearny Financial Corp. (NASDAQ:KRNY) by 33.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 319,722 shares of the savings and loans company’s stock after purchasing an additional 80,033 shares during the quarter. JPMorgan Chase & Co. owned 0.50% of Kearny Financial worth $2,264,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Barclays PLC boosted its holdings in shares of Kearny Financial by 26.1% in the third 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 during the period. Jane Street Group LLC lifted its position in shares of Kearny Financial by 116.1% in the 3rd quarter. Jane Street Group LLC now owns 127,433 shares of the savings and loans company’s stock valued at $875,000 after acquiring an additional 68,473 shares in the last quarter. AlphaQuest LLC acquired a new position in Kearny Financial in the 4th quarter worth approximately $458,000. Proficio Capital Partners LLC purchased a new position in Kearny Financial during the 4th quarter worth approximately $184,000. Finally, Virtu Financial LLC acquired a new stake in Kearny Financial during the 4th quarter valued at $136,000. Hedge funds and other institutional investors own 71.01% of the company’s stock.

Insider Buying and Selling at Kearny Financial

In other news, Director Melvina Wong-Zaza purchased 5,000 shares of the stock in a transaction that occurred on Friday, February 7th. The shares were purchased at an average cost of $7.23 per share, for a total transaction of $36,150.00. Following the completion of the purchase, the director now directly owns 27,535 shares of the company’s stock, valued at approximately $199,078.05. The trade was a 22.19 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 8.56% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Kearny Financial Price Performance

Shares of NASDAQ:KRNY opened at $6.16 on Thursday. The firm has a market cap of $397.81 million, a price-to-earnings ratio of -5.45 and a beta of 0.70. Kearny Financial Corp. has a 1 year low of $5.28 and a 1 year high of $8.59. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.69. The business has a fifty day simple moving average of $6.34 and a 200 day simple moving average of $7.04.

Kearny Financial (NASDAQ:KRNY) last posted its 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 announced a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were paid a dividend of $0.11 per share. The ex-dividend date was Wednesday, February 12th. This represents a $0.44 annualized dividend and a yield of 7.14%. 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.