Segall Bryant & Hamill LLC Buys New Stake in Kearny Financial $KRNY

Segall Bryant & Hamill LLC purchased a new stake in Kearny Financial (NASDAQ:KRNY) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 240,997 shares of the savings and loans company’s stock, valued at approximately $1,583,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in KRNY. Fourthstone LLC lifted its stake in shares of Kearny Financial by 351.4% in the 2nd quarter. Fourthstone LLC now owns 1,109,666 shares of the savings and loans company’s stock valued at $7,168,000 after purchasing an additional 863,816 shares during the period. Arrowstreet Capital Limited Partnership grew its position in Kearny Financial by 373.7% during the second quarter. Arrowstreet Capital Limited Partnership now owns 918,125 shares of the savings and loans company’s stock valued at $5,931,000 after buying an additional 724,297 shares during the period. Vanguard Group Inc. grew its position in Kearny Financial by 4.2% during the third quarter. Vanguard Group Inc. now owns 3,348,893 shares of the savings and loans company’s stock valued at $22,002,000 after buying an additional 133,683 shares during the period. White Pine Capital LLC increased its holdings in Kearny Financial by 123.5% in the second quarter. White Pine Capital LLC now owns 172,416 shares of the savings and loans company’s stock valued at $1,114,000 after buying an additional 95,271 shares in the last quarter. Finally, Jane Street Group LLC increased its holdings in Kearny Financial by 95.0% in the first quarter. Jane Street Group LLC now owns 152,595 shares of the savings and loans company’s stock valued at $955,000 after buying an additional 74,349 shares in the last quarter. 71.01% of the stock is owned by institutional investors and hedge funds.

Kearny Financial Stock Down 2.2%

NASDAQ KRNY opened at $7.44 on Friday. The business has a fifty day moving average price of $7.83 and a 200 day moving average price of $7.14. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.03 and a current ratio of 1.03. The company has a market cap of $481.67 million, a P/E ratio of 14.31 and a beta of 0.69. Kearny Financial has a one year low of $5.45 and a one year high of $8.50.

Kearny Financial (NASDAQ:KRNY) last announced its earnings results on Thursday, January 22nd. The savings and loans company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.01). Kearny Financial had a return on equity of 4.26% and a net margin of 9.41%.The business had revenue of $43.54 million for the quarter, compared to analyst estimates of $44.84 million.

Kearny Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 18th. Investors of record on Wednesday, February 4th were given a dividend of $0.11 per share. The ex-dividend date was Wednesday, February 4th. This represents a $0.44 dividend on an annualized basis and a yield of 5.9%. Kearny Financial’s payout ratio is presently 84.62%.

Insiders Place Their Bets

In related news, EVP Patrick M. Joyce sold 4,000 shares of the company’s stock in a transaction dated Wednesday, January 28th. The shares were sold at an average price of $7.65, for a total transaction of $30,600.00. Following the completion of the sale, the executive vice president owned 54,365 shares of the company’s stock, valued at approximately $415,892.25. This represents a 6.85% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 7.44% of the company’s stock.

Analyst Ratings Changes

KRNY has been the subject of a number of analyst reports. Piper Sandler upped their price objective on shares of Kearny Financial from $7.50 to $9.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 10th. Weiss Ratings restated a “hold (c)” rating on shares of Kearny Financial in a research report on Wednesday, January 28th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Kearny Financial currently has a consensus rating of “Hold” and an average target price of $8.00.

Kearny Financial Company Profile

Kearny Financial, Inc was the bank holding company for Kearny Bank, a New Jersey–based community bank offering a full suite of commercial and consumer banking services. Through its subsidiary, the company provided deposit products, lending facilities and electronic banking solutions to individuals, small businesses and middle-market corporations.

The company’s core products included checking and savings accounts, certificates of deposit, residential and commercial real estate loans, construction financing, equipment financing, home equity lines of credit and consumer installment loans.