Melvina Wong-Zaza Buys 5,000 Shares of Kearny Financial Corp. (NASDAQ:KRNY) Stock

Kearny Financial Corp. (NASDAQ:KRNY) Director Melvina Wong-Zaza acquired 5,000 shares of Kearny Financial stock in a transaction that occurred on Friday, February 7th. The stock was acquired 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 $199,078.05. This represents a 22.19 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Kearny Financial Trading Down 4.6 %

Shares of KRNY stock opened at $7.20 on Thursday. Kearny Financial Corp. has a twelve month low of $5.28 and a twelve month high of $8.59. The stock’s fifty day simple moving average is $7.31 and its 200 day simple moving average is $7.14. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.99. The firm has a market capitalization of $464.98 million, a P/E ratio of -6.37 and a beta of 0.81.

Kearny Financial (NASDAQ:KRNY) last released its quarterly earnings results on Thursday, January 30th. The savings and loans company reported $0.10 earnings per share for the quarter, missing the consensus estimate 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 Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th will be given a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 6.11%. The ex-dividend date is Wednesday, February 12th. Kearny Financial’s dividend payout ratio (DPR) is currently -38.94%.

Analysts Set New Price Targets

KRNY has been the topic of a number of research analyst reports. StockNews.com upgraded shares of Kearny Financial from a “sell” rating to a “hold” rating in a research note on Monday, October 28th. Piper Sandler raised shares of Kearny Financial from a “neutral” rating to an “overweight” rating and dropped their price objective for the company from $9.00 to $8.50 in a research note on Monday, January 6th.

Hedge Funds Weigh In On Kearny Financial

A number of hedge funds have recently modified their holdings of the business. Barclays PLC increased its holdings in Kearny Financial by 26.1% in the third quarter. Barclays PLC now owns 428,421 shares of the savings and loans company’s stock valued at $2,944,000 after purchasing an additional 88,771 shares during the period. Jane Street Group LLC increased its stake in shares of Kearny Financial by 116.1% in the third quarter. Jane Street Group LLC now owns 127,433 shares of the savings and loans company’s stock valued at $875,000 after buying an additional 68,473 shares during the period. BNP Paribas Financial Markets raised its position in shares of Kearny Financial by 345.9% during the third 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. lifted its stake in shares of Kearny Financial by 2.8% in the third quarter. Franklin Resources Inc. now owns 57,506 shares of the savings and loans company’s stock worth $404,000 after acquiring an additional 1,576 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings 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 acquiring an additional 147,892 shares during the last quarter. Institutional investors and hedge funds own 71.01% 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.