Kearny Financial Corp. (NASDAQ:KRNY) Director Melvina Wong-Zaza Purchases 8,340 Shares

Kearny Financial Corp. (NASDAQ:KRNY) Director Melvina Wong-Zaza purchased 8,340 shares of Kearny Financial stock in a transaction dated Tuesday, May 21st. The shares were bought at an average price of $5.95 per share, with a total value of $49,623.00. Following the completion of the transaction, the director now owns 14,935 shares in the company, valued at approximately $88,863.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Kearny Financial Price Performance

NASDAQ KRNY traded down $0.06 during mid-day trading on Wednesday, hitting $5.93. The stock had a trading volume of 301,825 shares, compared to its average volume of 445,359. The company has a 50 day simple moving average of $5.89 and a 200 day simple moving average of $7.08. The company has a market cap of $382.13 million, a price-to-earnings ratio of 23.96 and a beta of 0.73. Kearny Financial Corp. has a 52-week low of $5.28 and a 52-week high of $9.46. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 2.05.

Kearny Financial (NASDAQ:KRNY) last posted its earnings results on Thursday, April 25th. The savings and loans company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.01). The firm had revenue of $38.52 million during the quarter, compared to analyst estimates of $39.80 million. Kearny Financial had a net margin of 4.80% and a return on equity of 4.05%.

Kearny Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 8th will be issued a dividend of $0.11 per share. The ex-dividend date of this dividend is Tuesday, May 7th. This represents a $0.44 annualized dividend and a yield of 7.42%. Kearny Financial’s dividend payout ratio (DPR) is currently 176.00%.

Hedge Funds Weigh In On Kearny Financial

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KRNY. rhino investment partners Inc purchased a new stake in Kearny Financial during the 4th quarter worth $2,553,000. Charles Schwab Investment Management Inc. boosted its position in shares of Kearny Financial by 6.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 863,080 shares of the savings and loans company’s stock worth $5,981,000 after buying an additional 52,965 shares during the period. Quest Partners LLC acquired a new stake in shares of Kearny Financial in the fourth quarter valued at about $318,000. White Pine Capital LLC raised its holdings in shares of Kearny Financial by 51.5% during the 4th quarter. White Pine Capital LLC now owns 68,257 shares of the savings and loans company’s stock valued at $612,000 after buying an additional 23,214 shares during the period. Finally, Caxton Associates LP lifted its position in Kearny Financial by 79.0% during the 1st quarter. Caxton Associates LP now owns 43,687 shares of the savings and loans company’s stock worth $281,000 after acquiring an additional 19,277 shares in the last quarter. Institutional investors and hedge funds own 71.01% of the company’s stock.

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. 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.