Grace & White Inc. NY Sells 45,802 Shares of Kearny Financial Corp. (NASDAQ:KRNY)

Grace & White Inc. NY reduced its stake in Kearny Financial Corp. (NASDAQ:KRNY) by 44.0% during the 4th quarter, Holdings Channel reports. The firm owned 58,317 shares of the savings and loans company’s stock after selling 45,802 shares during the period. Grace & White Inc. NY’s holdings in Kearny Financial were worth $413,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Barclays PLC boosted its holdings in Kearny Financial by 26.1% during 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 last quarter. Jane Street Group LLC raised 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 during the period. BNP Paribas Financial Markets boosted its stake in Kearny Financial by 345.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 104,772 shares of the savings and loans company’s stock worth $720,000 after acquiring an additional 81,274 shares during the last quarter. Franklin Resources Inc. grew 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 valued at $404,000 after purchasing an additional 1,576 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in Kearny Financial by 161.1% in the third quarter. JPMorgan Chase & Co. now owns 239,689 shares of the savings and loans company’s stock valued at $1,647,000 after purchasing an additional 147,892 shares in the last quarter. 71.01% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on KRNY. StockNews.com raised shares of Kearny Financial from a “sell” rating to a “hold” rating in a research report on Monday, October 28th. Piper Sandler upgraded Kearny Financial from a “neutral” rating to an “overweight” rating and reduced their target price for the stock from $9.00 to $8.50 in a report on Monday, January 6th.

Kearny Financial Price Performance

Shares of KRNY stock opened at $7.20 on Thursday. Kearny Financial Corp. has a 52 week low of $5.28 and a 52 week high of $8.59. The company has a debt-to-equity ratio of 1.99, a quick ratio of 1.08 and a current ratio of 1.08. The company’s 50 day moving average price is $7.31 and its two-hundred day moving average price is $7.14.

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 positive return on equity of 3.27% and a negative net margin of 20.05%.

Kearny Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th will be given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 6.11%. The ex-dividend date is Wednesday, February 12th. Kearny Financial’s dividend payout ratio is presently -38.94%.

Insider Buying and Selling at Kearny Financial

In other Kearny Financial news, Director Melvina Wong-Zaza purchased 5,000 shares of the stock in a transaction 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 purchase, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 8.56% of the company’s stock.

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.