Kearny Financial Corp. (NASDAQ:KRNY) Short Interest Update

Kearny Financial Corp. (NASDAQ:KRNY) saw a large increase in short interest during the month of January. As of January 15th, there was short interest totalling 420,000 shares, an increase of 6.6% from the December 31st total of 394,100 shares. Currently, 0.7% of the company’s stock are short sold. Based on an average daily trading volume, of 360,700 shares, the short-interest ratio is currently 1.2 days.

Kearny Financial Stock Performance

KRNY opened at $6.83 on Tuesday. The company has a debt-to-equity ratio of 1.99, a current ratio of 1.08 and a quick ratio of 1.08. The company has a market capitalization of $441.08 million, a PE ratio of -6.04 and a beta of 0.81. The business has a fifty day simple moving average of $7.41 and a 200 day simple moving average of $7.14. Kearny Financial has a 1 year low of $5.28 and a 1 year high of $8.59.

Kearny Financial (NASDAQ:KRNY) last announced its earnings results on Thursday, January 30th. The savings and loans company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.02). Kearny Financial had a positive return on equity of 3.27% and a negative net margin of 20.05%.

Kearny Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th will be given a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 6.44%. The ex-dividend date is Wednesday, February 12th. Kearny Financial’s payout ratio is presently -38.94%.

Analysts Set New Price Targets

A number of research firms have weighed in on KRNY. StockNews.com upgraded Kearny Financial from a “sell” rating to a “hold” rating in a research note on Monday, October 28th. Piper Sandler upgraded shares of Kearny Financial from a “neutral” rating to an “overweight” rating and cut their target price for the stock from $9.00 to $8.50 in a research note on Monday, January 6th.

Institutional Investors Weigh In On Kearny Financial

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Millennium Management LLC boosted its position in Kearny Financial by 144.1% in the second quarter. Millennium Management LLC now owns 798,200 shares of the savings and loans company’s stock valued at $4,909,000 after buying an additional 471,155 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its holdings in Kearny Financial by 79.2% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 564,572 shares of the savings and loans company’s stock worth $3,879,000 after purchasing an additional 249,437 shares in the last quarter. Barclays PLC raised its position in Kearny Financial by 26.1% in the third quarter. Barclays PLC now owns 428,421 shares of the savings and loans company’s stock valued at $2,944,000 after purchasing an additional 88,771 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Kearny Financial by 161.1% during the third quarter. JPMorgan Chase & Co. now owns 239,689 shares of the savings and loans company’s stock valued at $1,647,000 after purchasing an additional 147,892 shares in the last quarter. Finally, Creative Planning grew its holdings in shares of Kearny Financial by 46.1% during the third quarter. Creative Planning now owns 191,969 shares of the savings and loans company’s stock worth $1,319,000 after purchasing an additional 60,541 shares during the last quarter. 71.01% of the stock is currently owned by institutional investors.

Kearny Financial Company Profile

Kearny Financial Corp. operates as the holding company for Kearny Bank that provides various banking products and services in the United States. It offers various deposit products, including interest-bearing and non-interest-bearing checking accounts, money market deposit accounts, savings accounts, and certificates of deposit accounts.