Grace & White Inc. NY Sells 68,375 Shares of Kearny Financial Corp. (NASDAQ:KRNY)

Grace & White Inc. NY trimmed its holdings in Kearny Financial Corp. (NASDAQ:KRNY) by 39.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 104,526 shares of the savings and loans company’s stock after selling 68,375 shares during the quarter. Grace & White Inc. NY’s holdings in Kearny Financial were worth $938,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Strs Ohio grew its position in Kearny Financial by 2.3% in the third quarter. Strs Ohio now owns 80,700 shares of the savings and loans company’s stock worth $559,000 after acquiring an additional 1,800 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Kearny Financial by 0.7% in the third quarter. Bank of New York Mellon Corp now owns 392,869 shares of the savings and loans company’s stock worth $2,723,000 after buying an additional 2,739 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Kearny Financial by 55.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,216 shares of the savings and loans company’s stock worth $110,000 after buying an additional 4,363 shares during the last quarter. SG Americas Securities LLC lifted its stake in shares of Kearny Financial by 24.1% in the fourth quarter. SG Americas Securities LLC now owns 39,080 shares of the savings and loans company’s stock worth $351,000 after buying an additional 7,581 shares during the last quarter. Finally, Aigen Investment Management LP acquired a new stake in shares of Kearny Financial in the third quarter worth $123,000. 71.01% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Kearny Financial from a “hold” rating to a “sell” rating in a research note on Friday, January 12th.

Kearny Financial Stock Performance

Shares of Kearny Financial stock traded up $0.04 on Tuesday, reaching $5.86. The stock had a trading volume of 497,592 shares, compared to its average volume of 455,799. The business’s 50-day moving average price is $6.16 and its two-hundred day moving average price is $7.25. The company has a debt-to-equity ratio of 1.97, a quick ratio of 1.09 and a current ratio of 1.09. Kearny Financial Corp. has a fifty-two week low of $5.44 and a fifty-two week high of $9.46. The stock has a market cap of $377.62 million, a P/E ratio of 20.21 and a beta of 0.71.

Kearny Financial (NASDAQ:KRNY) last issued its quarterly earnings data on Wednesday, January 31st. The savings and loans company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.06). The firm had revenue of $19.83 million during the quarter, compared to analyst estimates of $42.60 million. Kearny Financial had a return on equity of 4.44% and a net margin of 5.84%.

Kearny Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 21st. Investors of record on Wednesday, February 7th were paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 7.51%. The ex-dividend date of this dividend was Tuesday, February 6th. Kearny Financial’s payout ratio is currently 151.73%.

Insider Activity at Kearny Financial

In related news, Director Melvina Wong-Zaza bought 3,945 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The stock was purchased at an average cost of $6.47 per share, for a total transaction of $25,524.15. Following the purchase, the director now directly owns 6,595 shares in the company, valued at $42,669.65. The purchase was disclosed in a filing with the SEC, which is available through this link. In other Kearny Financial news, Director Melvina Wong-Zaza purchased 3,945 shares of the stock in a transaction on Wednesday, February 14th. The shares were purchased at an average price of $6.47 per share, with a total value of $25,524.15. Following the acquisition, the director now directly owns 6,595 shares of the company’s stock, valued at approximately $42,669.65. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Christopher Petermann purchased 10,000 shares of the stock in a transaction on Thursday, February 8th. The stock was acquired at an average cost of $6.14 per share, for a total transaction of $61,400.00. Following the acquisition, the director now directly owns 56,139 shares in the company, valued at $344,693.46. The disclosure for this purchase can be found here. Insiders purchased a total of 15,945 shares of company stock worth $98,664 in the last ninety days. 8.22% of the stock is currently owned by insiders.

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. The company offers various deposit products, including interest-bearing and non-interest-bearing checking accounts, money market deposit accounts, savings accounts, and certificates of deposit accounts.