Optas LLC Purchases New Stake in Kearny Financial Corp. (NASDAQ:KRNY)

Optas LLC acquired a new position in Kearny Financial Corp. (NASDAQ:KRNY) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,290 shares of the savings and loans company’s stock, valued at approximately $87,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Millennium Management LLC boosted its holdings in Kearny Financial by 144.1% during the second quarter. Millennium Management LLC now owns 798,200 shares of the savings and loans company’s stock worth $4,909,000 after buying an additional 471,155 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its position 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 valued at $3,879,000 after acquiring an additional 249,437 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of 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 acquiring an additional 147,892 shares during the period. Squarepoint Ops LLC grew its holdings in shares of Kearny Financial by 259.3% in the 2nd quarter. Squarepoint Ops LLC now owns 136,691 shares of the savings and loans company’s stock worth $841,000 after acquiring an additional 98,643 shares during the period. Finally, 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 valued at $2,944,000 after purchasing an additional 88,771 shares in the last quarter. Institutional investors and hedge funds own 71.01% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on the company. StockNews.com raised Kearny Financial from a “sell” rating to a “hold” rating in a report on Monday, October 28th. Piper Sandler raised shares of Kearny Financial from a “neutral” rating to an “overweight” rating and lowered their price objective for the company from $9.00 to $8.50 in a research note on Monday, January 6th.

Kearny Financial Price Performance

Shares of NASDAQ:KRNY opened at $6.98 on Wednesday. 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 business’s fifty day moving average price is $7.39 and its two-hundred day moving average price is $7.14. The stock has a market cap of $450.77 million, a PE ratio of -6.18 and a beta of 0.81. Kearny Financial Corp. has a one year low of $5.28 and a one year high of $8.59.

Kearny Financial (NASDAQ:KRNY) last posted its quarterly earnings data 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 positive return on equity of 3.27% and a negative net margin of 20.05%.

Kearny Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders 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 dividend yield of 6.30%. The ex-dividend date is Wednesday, February 12th. Kearny Financial’s dividend payout ratio is presently -38.94%.

Kearny Financial 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.