Semanteon Capital Management LP Has $165,000 Holdings in Kearny Financial Corp. (NASDAQ:KRNY)

Semanteon Capital Management LP cut its position in Kearny Financial Corp. (NASDAQ:KRNY) by 30.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,235 shares of the savings and loans company’s stock after selling 10,173 shares during the period. Semanteon Capital Management LP’s holdings in Kearny Financial were worth $165,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. FMR LLC boosted its position 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 valued at $58,000 after buying an additional 2,445 shares in the last quarter. Point72 DIFC Ltd acquired a new position in Kearny Financial in the third quarter valued at about $61,000. Ieq Capital LLC acquired a new position in shares of Kearny Financial during the fourth quarter worth approximately $73,000. Quantbot Technologies LP lifted its position 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 worth $78,000 after purchasing an additional 9,303 shares in the last quarter. Finally, Optas LLC acquired a new position in shares of Kearny Financial during the fourth quarter worth approximately $87,000. 71.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Kearny Financial

In other news, Director Melvina Wong-Zaza bought 5,000 shares of the stock in a transaction on Friday, February 7th. The stock was purchased at an average price of $7.23 per share, with a total value of $36,150.00. Following the completion of the purchase, the director now owns 27,535 shares of the company’s stock, valued at approximately $199,078.05. This trade represents a 22.19 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 8.56% of the company’s stock.

Kearny Financial Trading Down 2.3 %

KRNY opened at $6.30 on Friday. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.04 and a quick ratio of 1.04. The company has a market cap of $406.85 million, a price-to-earnings ratio of -5.58 and a beta of 0.77. The firm has a 50 day simple moving average of $6.91 and a 200 day simple moving average of $7.17. Kearny Financial Corp. has a fifty-two week low of $5.28 and a fifty-two week high of $8.59.

Kearny Financial (NASDAQ:KRNY) last posted its quarterly earnings results on Thursday, January 30th. The savings and loans company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.02). Kearny Financial had a positive return on equity of 3.31% and a negative net margin of 20.05%.

Kearny Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were paid a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 6.98%. The ex-dividend date was Wednesday, February 12th. Kearny Financial’s payout ratio is presently -38.94%.

Analyst Ratings Changes

Separately, Piper Sandler upgraded shares of 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 research report on Monday, January 6th.

About Kearny Financial

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.