GAMMA Investing LLC Purchases 3,461 Shares of Kearny Financial (NASDAQ:KRNY)

GAMMA Investing LLC boosted its position in Kearny Financial (NASDAQ:KRNY) by 119.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,355 shares of the savings and loans company’s stock after purchasing an additional 3,461 shares during the quarter. GAMMA Investing LLC’s holdings in Kearny Financial were worth $40,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Invesco Ltd. grew its stake in shares of Kearny Financial by 302.1% in the fourth quarter. Invesco Ltd. now owns 876,004 shares of the savings and loans company’s stock worth $6,202,000 after acquiring an additional 658,150 shares during the last quarter. Rhino Investment Partners Inc grew its stake in shares of Kearny Financial by 294.7% in the fourth quarter. Rhino Investment Partners Inc now owns 599,283 shares of the savings and loans company’s stock worth $4,243,000 after acquiring an additional 447,447 shares during the last quarter. Fourthstone LLC grew its stake in shares of Kearny Financial by 439.2% in the fourth quarter. Fourthstone LLC now owns 377,431 shares of the savings and loans company’s stock worth $2,672,000 after acquiring an additional 307,431 shares during the last quarter. Algert Global LLC grew its stake in shares of Kearny Financial by 586.3% in the fourth quarter. Algert Global LLC now owns 128,480 shares of the savings and loans company’s stock worth $910,000 after acquiring an additional 109,760 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of Kearny Financial by 33.4% in the fourth quarter. JPMorgan Chase & Co. now owns 319,722 shares of the savings and loans company’s stock worth $2,264,000 after acquiring an additional 80,033 shares during the last quarter. Institutional investors own 71.01% of the company’s stock.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods cut their target price on Kearny Financial from $7.25 to $7.00 and set a “market perform” rating on the stock in a research note on Tuesday, April 29th.

Kearny Financial Price Performance

NASDAQ KRNY opened at $6.68 on Friday. Kearny Financial has a one year low of $5.45 and a one year high of $8.59. The stock has a 50-day moving average of $6.32 and a 200 day moving average of $6.54. The company has a market capitalization of $431.39 million, a price-to-earnings ratio of -5.86 and a beta of 0.72. The company has a debt-to-equity ratio of 1.65, a quick ratio of 1.04 and a current ratio of 1.04.

Kearny Financial (NASDAQ:KRNY) last released its quarterly earnings data on Thursday, April 24th. The savings and loans company reported $0.11 EPS for the quarter, hitting the consensus estimate of $0.11. Kearny Financial had a positive return on equity of 3.32% and a negative net margin of 20.40%. The company had revenue of $38.60 million during the quarter, compared to the consensus estimate of $38.71 million.

Kearny Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 21st. Investors of record on Wednesday, May 7th were issued a $0.11 dividend. The ex-dividend date was Wednesday, May 7th. This represents a $0.44 annualized dividend and a yield of 6.59%. Kearny Financial’s payout ratio is -38.60%.

Kearny Financial Company 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.