Short Interest in Kearny Financial Corp. (NASDAQ:KRNY) Declines By 9.1%

Kearny Financial Corp. (NASDAQ:KRNYGet Free Report) saw a large decrease in short interest during the month of May. As of May 31st, there was short interest totalling 909,000 shares, a decrease of 9.1% from the May 15th total of 1,000,000 shares. Based on an average daily trading volume, of 442,700 shares, the short-interest ratio is presently 2.1 days. Currently, 1.6% of the company’s stock are sold short.

Insider Buying and Selling

In related news, Director Melvina Wong-Zaza purchased 8,340 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The shares were bought at an average price of $5.95 per share, for a total transaction of $49,623.00. Following the purchase, the director now directly owns 14,935 shares of the company’s stock, valued at approximately $88,863.25. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Melvina Wong-Zaza bought 8,340 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The shares were bought at an average cost of $5.95 per share, with a total value of $49,623.00. Following the acquisition, the director now owns 14,935 shares in the company, valued at $88,863.25. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Charles J. Pivirotto purchased 5,160 shares of the firm’s stock in a transaction on Monday, May 13th. The shares were acquired at an average cost of $5.76 per share, for a total transaction of $29,721.60. Following the completion of the acquisition, the director now owns 59,573 shares of the company’s stock, valued at $343,140.48. The disclosure for this purchase can be found here. 8.22% of the stock is currently owned by company insiders.

Institutional Trading of Kearny Financial

Institutional investors and hedge funds have recently modified their holdings of the stock. Quadrant Capital Group LLC raised its stake in shares of Kearny Financial by 44.9% during the fourth quarter. Quadrant Capital Group LLC now owns 5,199 shares of the savings and loans company’s stock valued at $47,000 after acquiring an additional 1,612 shares in the last quarter. Simplicity Wealth LLC bought a new position in Kearny Financial in the first quarter worth approximately $94,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Kearny Financial by 55.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,216 shares of the savings and loans company’s stock worth $110,000 after buying an additional 4,363 shares in the last quarter. Aigen Investment Management LP bought a new position in Kearny Financial in the third quarter worth approximately $123,000. Finally, BNP Paribas Financial Markets raised its stake in Kearny Financial by 91.3% in the first quarter. BNP Paribas Financial Markets now owns 27,598 shares of the savings and loans company’s stock worth $178,000 after buying an additional 13,171 shares in the last quarter. Institutional investors own 71.01% of the company’s stock.

Kearny Financial Price Performance

Shares of Kearny Financial stock traded up $0.17 during trading on Monday, reaching $5.54. 397,363 shares of the stock traded hands, compared to its average volume of 439,619. The company has a market capitalization of $357.00 million, a price-to-earnings ratio of 21.48 and a beta of 0.76. Kearny Financial has a 52-week low of $5.28 and a 52-week high of $9.46. The company has a debt-to-equity ratio of 2.05, a current ratio of 1.12 and a quick ratio of 1.12. The business has a fifty day simple moving average of $5.68 and a two-hundred day simple moving average of $6.81.

Kearny Financial (NASDAQ:KRNYGet Free Report) last released its quarterly earnings results on Thursday, April 25th. The savings and loans company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.01). The company had revenue of $38.52 million during the quarter, compared to analysts’ expectations of $39.80 million. Kearny Financial had a return on equity of 4.05% and a net margin of 4.80%.

Kearny Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 8th were given a dividend of $0.11 per share. The ex-dividend date of this dividend was Tuesday, May 7th. This represents a $0.44 annualized dividend and a dividend yield of 7.94%. Kearny Financial’s dividend payout ratio (DPR) is presently 176.00%.

About Kearny Financial

(Get Free Report)

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.

Further Reading

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