13,367 Shares in Kearny Financial Corp. (NASDAQ:KRNY) Bought by GWN Securities Inc.

GWN Securities Inc. bought a new position in Kearny Financial Corp. (NASDAQ:KRNY) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 13,367 shares of the savings and loans company’s stock, valued at approximately $95,000.

A number of other institutional investors also recently bought and sold shares of KRNY. Jacobs Levy Equity Management Inc. increased its stake in Kearny Financial by 79.2% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 564,572 shares of the savings and loans company’s stock worth $3,879,000 after buying an additional 249,437 shares in the last quarter. Barclays PLC increased its stake in Kearny Financial by 26.1% in the 3rd 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 in the last quarter. JPMorgan Chase & Co. increased its stake in Kearny Financial by 161.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 239,689 shares of the savings and loans company’s stock worth $1,647,000 after buying an additional 147,892 shares in the last quarter. Empowered Funds LLC increased its stake in Kearny Financial by 5.0% in the 4th quarter. Empowered Funds LLC now owns 166,738 shares of the savings and loans company’s stock worth $1,181,000 after buying an additional 7,983 shares in the last quarter. Finally, Jane Street Group LLC increased its stake in 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 worth $875,000 after buying an additional 68,473 shares in the last quarter. 71.01% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Insider Activity

In other news, Director Melvina Wong-Zaza acquired 5,000 shares of the business’s stock in a transaction dated Friday, February 7th. The stock was purchased at an average price of $7.23 per share, for a total transaction of $36,150.00. Following the completion of the transaction, the director now directly owns 27,535 shares in the company, valued at approximately $199,078.05. This trade represents a 22.19 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 8.56% of the company’s stock.

Kearny Financial Trading Down 0.2 %

Shares of Kearny Financial stock opened at $6.41 on Wednesday. The firm has a market cap of $413.96 million, a price-to-earnings ratio of -5.67 and a beta of 0.77. The business has a 50-day moving average price of $6.93 and a 200-day moving average price of $7.18. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.69. Kearny Financial Corp. has a twelve month low of $5.28 and a twelve month high of $8.59.

Kearny Financial (NASDAQ:KRNY) last issued its quarterly earnings data on Thursday, January 30th. The savings and loans company reported $0.10 earnings per share 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 3.31%.

Kearny Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were given 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 6.86%. Kearny Financial’s payout ratio is -38.94%.

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.