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

Kearny Financial Corp. (NASDAQ:KRNY) Director Melvina Wong-Zaza purchased 5,000 shares of the stock in a transaction dated Friday, February 7th. The shares were acquired at an average price of $7.23 per share, for a total transaction of $36,150.00. Following the acquisition, 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 position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Kearny Financial Stock Performance

Shares of NASDAQ KRNY opened at $7.55 on Wednesday. The business’s 50-day moving average price is $7.32 and its two-hundred day moving average price is $7.14. The company has a debt-to-equity ratio of 1.99, a current ratio of 1.08 and a quick ratio of 1.08. Kearny Financial Corp. has a one year low of $5.28 and a one year high of $8.59. The company has a market capitalization of $487.58 million, a P/E ratio of -6.68 and a beta of 0.81.

Kearny Financial (NASDAQ:KRNY) last issued its earnings results on Thursday, January 30th. The savings and loans company reported $0.10 EPS 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 3.27%.

Kearny Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th will be paid a $0.11 dividend. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $0.44 dividend on an annualized basis and a yield of 5.83%. Kearny Financial’s dividend payout ratio (DPR) is currently -38.94%.

Analyst Ratings Changes

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

Institutional Trading of Kearny Financial

Several large investors have recently made changes to their positions in the stock. Millennium Management LLC boosted its stake in shares of Kearny Financial by 144.1% during the 2nd quarter. Millennium Management LLC now owns 798,200 shares of the savings and loans company’s stock worth $4,909,000 after acquiring an additional 471,155 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its stake in shares of Kearny Financial by 79.2% during 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 acquiring an additional 249,437 shares in the last quarter. Barclays PLC boosted its stake in shares of Kearny Financial by 26.1% during the 3rd quarter. Barclays PLC now owns 428,421 shares of the savings and loans company’s stock worth $2,944,000 after acquiring an additional 88,771 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Kearny Financial by 2.3% during the 4th quarter. American Century Companies Inc. now owns 407,861 shares of the savings and loans company’s stock worth $2,888,000 after acquiring an additional 9,255 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of Kearny Financial by 161.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 239,689 shares of the savings and loans company’s stock worth $1,647,000 after acquiring an additional 147,892 shares in the last quarter. Institutional investors 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.