Quadrant Capital Group LLC Buys 4,595 Shares of Kearny Financial Corp. (NASDAQ:KRNY)

Posted by Defense World Staff on Jun 6th, 2023

Quadrant Capital Group LLC grew its stake in Kearny Financial Corp. (NASDAQ:KRNY – Get Rating) by 147.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,707 shares of the savings and loans company’s stock after acquiring an additional 4,595 shares during the period. Quadrant Capital Group LLC’s holdings in Kearny Financial were worth $78,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of KRNY. Signaturefd LLC grew its holdings in shares of Kearny Financial by 908.2% in the 4th quarter. Signaturefd LLC now owns 3,559 shares of the savings and loans company’s stock valued at $36,000 after acquiring an additional 3,206 shares in the last quarter. Great West Life Assurance Co. Can bought a new position in shares of Kearny Financial in the 3rd quarter valued at about $62,000. Point72 Hong Kong Ltd grew its holdings in shares of Kearny Financial by 1,522.4% in the 3rd quarter. Point72 Hong Kong Ltd now owns 6,506 shares of the savings and loans company’s stock valued at $69,000 after acquiring an additional 6,105 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of Kearny Financial by 412.3% in the 3rd quarter. Tower Research Capital LLC TRC now owns 10,988 shares of the savings and loans company’s stock valued at $117,000 after acquiring an additional 8,843 shares in the last quarter. Finally, Fox Run Management L.L.C. acquired a new stake in Kearny Financial in the 4th quarter valued at about $124,000. Institutional investors own 65.41% of the company’s stock.

Kearny Financial Trading Down 1.7 %

Shares of NASDAQ:KRNY opened at $7.13 on Tuesday. The company has a 50-day simple moving average of $7.50 and a 200 day simple moving average of $8.96. The company has a debt-to-equity ratio of 1.88, a quick ratio of 1.06 and a current ratio of 1.06. The company has a market capitalization of $471.15 million, a P/E ratio of 11.69 and a beta of 0.59. Kearny Financial Corp. has a 52-week low of $6.58 and a 52-week high of $12.51.

Kearny Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 24th. Shareholders of record on Wednesday, May 10th were given a dividend of $0.11 per share. The ex-dividend date of this dividend was Tuesday, May 9th. This represents a $0.44 annualized dividend and a yield of 6.17%. Kearny Financial’s dividend payout ratio (DPR) is presently 72.13%.

Insiders Place Their Bets

In related news, Director John F. Regan acquired 4,500 shares of the business’s stock in a transaction on Friday, March 10th. The stock was purchased at an average cost of $8.90 per share, for a total transaction of $40,050.00. Following the completion of the transaction, the director now directly owns 116,521 shares of the company’s stock, valued at approximately $1,037,036.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Kearny Financial news, Director John J. Mazur, Jr. purchased 6,000 shares of the company’s stock in a transaction dated Friday, March 17th. The stock was bought at an average cost of $8.68 per share, for a total transaction of $52,080.00. Following the completion of the transaction, the director now owns 221,059 shares in the company, valued at $1,918,792.12. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John F. Regan purchased 4,500 shares of the company’s stock in a transaction dated Friday, March 10th. The stock was acquired at an average price of $8.90 per share, with a total value of $40,050.00. Following the completion of the transaction, the director now owns 116,521 shares of the company’s stock, valued at approximately $1,037,036.90. The disclosure for this purchase can be found here. Insiders purchased 17,500 shares of company stock worth $143,790 over the last three months. Insiders own 7.56% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on KRNY. Keefe, Bruyette & Woods cut their target price on shares of Kearny Financial from $10.00 to $9.00 and set a “market perform” rating for the company in a research note on Thursday, April 6th. StockNews.com began coverage on shares of Kearny Financial in a research note on Thursday, May 18th. They issued a “sell” rating for the company.

Kearny Financial Company Profile

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Kearny Financial Corp. operates as a holding company, which engages in the ownership and operation of Kearny Bank. Its services include deposits from the general public in New Jersey. The firm uses deposits, together with other funds, to originate or purchase loans for its portfolio and invest in securities.