Thrivent Financial for Lutherans Has $774,000 Stake in Kearny Financial Corp. (NASDAQ:KRNY)

Thrivent Financial for Lutherans reduced its stake in shares of Kearny Financial Corp. (NASDAQ:KRNY) by 35.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 109,385 shares of the savings and loans company’s stock after selling 59,488 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Kearny Financial were worth $774,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Intech Investment Management LLC bought a new position in Kearny Financial in the 3rd quarter valued at $86,000. Quantbot Technologies LP lifted 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 during the period. FMR LLC lifted its stake in shares of Kearny Financial by 40.4% during the third quarter. FMR LLC now owns 8,495 shares of the savings and loans company’s stock valued at $58,000 after acquiring an additional 2,445 shares during the period. BNP Paribas Financial Markets boosted its holdings in Kearny Financial by 345.9% in the third quarter. BNP Paribas Financial Markets now owns 104,772 shares of the savings and loans company’s stock valued at $720,000 after acquiring an additional 81,274 shares during the last quarter. Finally, Walleye Capital LLC acquired a new stake in Kearny Financial in the third quarter worth about $189,000. Institutional investors and hedge funds own 71.01% of the company’s stock.

Kearny Financial Price Performance

KRNY opened at $6.35 on Thursday. The company has a fifty day moving average price of $6.78 and a two-hundred day moving average price of $7.16. The firm has a market capitalization of $410.08 million, a PE ratio of -5.62 and a beta of 0.77. Kearny Financial Corp. has a 52 week low of $5.28 and a 52 week high of $8.59. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.04 and a current ratio of 1.04.

Kearny Financial (NASDAQ:KRNY) last announced 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 3.31% and a negative net margin of 20.05%.

Kearny Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were given a dividend of $0.11 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $0.44 annualized dividend and a dividend yield of 6.93%. Kearny Financial’s payout ratio is currently -38.94%.

Insider Activity

In other news, Director Melvina Wong-Zaza purchased 5,000 shares of the firm’s stock in a transaction dated Friday, February 7th. The stock was bought at an average price of $7.23 per share, with a total value of $36,150.00. Following the acquisition, the director now directly owns 27,535 shares of the company’s stock, valued at approximately $199,078.05. This represents a 22.19 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 8.56% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Separately, Piper Sandler upgraded shares of Kearny Financial from a “neutral” rating to an “overweight” rating and cut their target price for the company from $9.00 to $8.50 in a research report on Monday, January 6th.

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.