GWN Securities Inc. Makes New $95,000 Investment in Kearny Financial Corp. (NASDAQ:KRNY)

GWN Securities Inc. acquired a new position in Kearny Financial Corp. (NASDAQ:KRNY) in the 4th quarter, HoldingsChannel reports. The fund acquired 13,367 shares of the savings and loans company’s stock, valued at approximately $95,000.

Several other institutional investors have also added to or reduced their stakes in the company. Franklin Resources Inc. lifted its stake in 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 purchasing an additional 1,576 shares during the last quarter. FMR LLC lifted its stake in Kearny Financial by 40.4% in the third quarter. FMR LLC now owns 8,495 shares of the savings and loans company’s stock worth $58,000 after purchasing an additional 2,445 shares during the last quarter. Empowered Funds LLC lifted its stake in Kearny Financial by 5.0% in the fourth quarter. Empowered Funds LLC now owns 166,738 shares of the savings and loans company’s stock worth $1,181,000 after purchasing an additional 7,983 shares during the last quarter. Point72 DIFC Ltd bought a new stake in Kearny Financial in the third quarter worth about $61,000. Finally, Quantbot Technologies LP raised its stake in shares of Kearny Financial by 464.0% during the third quarter. Quantbot Technologies LP now owns 11,308 shares of the savings and loans company’s stock valued at $78,000 after acquiring an additional 9,303 shares in the last quarter. Institutional investors own 71.01% of the company’s stock.

Kearny Financial Stock Down 0.2 %

Shares of NASDAQ KRNY opened at $6.41 on Wednesday. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.04 and a current ratio of 1.04. The firm has a market capitalization of $413.96 million, a price-to-earnings ratio of -5.67 and a beta of 0.77. The stock has a 50 day moving average price of $6.93 and a 200 day moving average price of $7.18. Kearny Financial Corp. has a 52-week low of $5.28 and a 52-week high of $8.59.

Kearny Financial (NASDAQ:KRNY) last announced its quarterly 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 negative net margin of 20.05% and a positive return on equity of 3.31%.

Kearny Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were issued a dividend of $0.11 per share. The ex-dividend date was Wednesday, February 12th. This represents a $0.44 dividend on an annualized basis and a yield of 6.86%. Kearny Financial’s dividend payout ratio is currently -38.94%.

Wall Street Analysts Forecast Growth

Separately, 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.

Insiders Place Their Bets

In related news, Director Melvina Wong-Zaza bought 5,000 shares of the stock in a transaction on Friday, February 7th. The stock was bought at an average price of $7.23 per share, for a total transaction of $36,150.00. Following the completion of the acquisition, the director now directly owns 27,535 shares in the company, valued at approximately $199,078.05. This represents a 22.19 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 8.56% of the stock is owned by company insiders.

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.