Insider Buying: Kearny Financial Corp. (NASDAQ:KRNY) Director Purchases $29,721.60 in Stock

Kearny Financial Corp. (NASDAQ:KRNYGet Free Report) Director Charles J. Pivirotto acquired 5,160 shares of the business’s stock in a transaction dated Monday, May 13th. The stock was acquired at an average cost of $5.76 per share, with a total value of $29,721.60. Following the purchase, the director now directly owns 59,573 shares in the company, valued at approximately $343,140.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Kearny Financial Price Performance

Shares of Kearny Financial stock opened at $6.09 on Friday. Kearny Financial Corp. has a 52-week low of $5.28 and a 52-week high of $9.46. The stock has a market capitalization of $392.44 million, a price-to-earnings ratio of 24.36 and a beta of 0.73. The company has a fifty day moving average of $5.90 and a 200-day moving average of $7.10. The company has a debt-to-equity ratio of 2.05, a quick ratio of 1.12 and a current ratio of 1.12.

Kearny Financial (NASDAQ:KRNYGet Free Report) last announced its quarterly earnings data on Thursday, April 25th. The savings and loans company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.01). Kearny Financial had a net margin of 4.80% and a return on equity of 4.05%. The business had revenue of $38.52 million during the quarter, compared to analysts’ expectations of $39.80 million.

Kearny Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Investors of record on Wednesday, May 8th will be issued a dividend of $0.11 per share. The ex-dividend date is Tuesday, May 7th. This represents a $0.44 dividend on an annualized basis and a yield of 7.22%. Kearny Financial’s dividend payout ratio is currently 176.00%.

Institutional Investors Weigh In On Kearny Financial

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KRNY. Quadrant Capital Group LLC raised its holdings in Kearny Financial by 44.9% during the 4th quarter. Quadrant Capital Group LLC now owns 5,199 shares of the savings and loans company’s stock valued at $47,000 after buying an additional 1,612 shares during the last quarter. Simplicity Wealth LLC bought a new position in Kearny Financial in the 1st quarter worth $94,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Kearny Financial by 55.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,216 shares of the savings and loans company’s stock worth $110,000 after purchasing an additional 4,363 shares in the last quarter. Aigen Investment Management LP bought a new position in Kearny Financial in the 3rd quarter worth $123,000. Finally, BNP Paribas Financial Markets raised its holdings in Kearny Financial by 91.3% in the 1st quarter. BNP Paribas Financial Markets now owns 27,598 shares of the savings and loans company’s stock worth $178,000 after purchasing an additional 13,171 shares in the last quarter. 71.01% of the stock is currently owned by institutional investors.

Kearny Financial Company Profile

(Get Free Report)

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.

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