Alps Advisors Inc. purchased a new stake in shares of Kearny Financial Corp. (NASDAQ:KRNY – Get Rating) during the second quarter, Holdings Channel reports. The institutional investor purchased 10,414 shares of the savings and loans company’s stock, valued at approximately $116,000.
A number of other institutional investors also recently modified their holdings of KRNY. Victory Capital Management Inc. lifted its stake in shares of Kearny Financial by 950.7% during the 1st quarter. Victory Capital Management Inc. now owns 434,195 shares of the savings and loans company’s stock valued at $5,150,000 after buying an additional 392,872 shares in the last quarter. Hussman Strategic Advisors Inc. purchased a new stake in Kearny Financial in the 1st quarter worth approximately $1,005,000. Swiss National Bank lifted its stake in Kearny Financial by 4.7% in the 1st quarter. Swiss National Bank now owns 159,664 shares of the savings and loans company’s stock worth $2,056,000 after purchasing an additional 7,200 shares in the last quarter. TD Asset Management Inc. purchased a new stake in Kearny Financial in the 1st quarter worth approximately $1,165,000. Finally, BHZ Capital Management LP purchased a new stake in Kearny Financial in the 1st quarter worth approximately $504,000. 64.85% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
KRNY has been the topic of several recent analyst reports. Compass Point cut shares of Kearny Financial from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $14.00 to $11.00 in a research note on Friday, October 28th. Piper Sandler lowered their target price on shares of Kearny Financial to $12.00 in a research note on Wednesday, October 5th. Finally, StockNews.com initiated coverage on shares of Kearny Financial in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock.
Kearny Financial Price Performance
Kearny Financial Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, November 23rd. Stockholders of record on Wednesday, November 9th were issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 4.61%. The ex-dividend date was Tuesday, November 8th. Kearny Financial’s payout ratio is 47.31%.
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.
- Get a free copy of the StockNews.com research report on Kearny Financial (KRNY)
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