Schonfeld Strategic Advisors LLC Makes New Investment in Kearny Financial Corp. (NASDAQ:KRNY)

Schonfeld Strategic Advisors LLC acquired a new position in shares of Kearny Financial Corp. (NASDAQ:KRNY) in the 3rd quarter, HoldingsChannel.com reports. The firm acquired 24,100 shares of the savings and loans company’s stock, valued at approximately $174,000.

A number of other hedge funds also recently made changes to their positions in the business. BlackRock Inc. grew its holdings in Kearny Financial by 1.9% during the 3rd quarter. BlackRock Inc. now owns 5,783,782 shares of the savings and loans company’s stock worth $41,701,000 after acquiring an additional 108,784 shares in the last quarter. Nuveen Asset Management LLC boosted its holdings in shares of Kearny Financial by 45.5% in the 2nd quarter. Nuveen Asset Management LLC now owns 839,708 shares of the savings and loans company’s stock valued at $6,869,000 after buying an additional 262,749 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Kearny Financial by 4.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 530,169 shares of the savings and loans company’s stock valued at $3,823,000 after buying an additional 24,200 shares during the period. Ancora Advisors LLC boosted its holdings in shares of Kearny Financial by 26.8% in the 2nd quarter. Ancora Advisors LLC now owns 460,100 shares of the savings and loans company’s stock valued at $3,764,000 after buying an additional 97,337 shares during the period. Finally, Victory Capital Management Inc. boosted its holdings in shares of Kearny Financial by 107.8% in the 3rd quarter. Victory Capital Management Inc. now owns 449,059 shares of the savings and loans company’s stock valued at $3,238,000 after buying an additional 232,995 shares during the period. 59.99% of the stock is owned by institutional investors.

In other Kearny Financial news, EVP Patrick M. Joyce sold 3,000 shares of the business’s stock in a transaction dated Monday, November 16th. The stock was sold at an average price of $10.30, for a total value of $30,900.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Theodore J. Aanensen sold 2,500 shares of the company’s stock in a transaction dated Tuesday, December 8th. The stock was sold at an average price of $10.44, for a total value of $26,100.00. 4.87% of the stock is currently owned by company insiders.

Shares of NASDAQ:KRNY opened at $10.56 on Friday. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.96. Kearny Financial Corp. has a 1 year low of $6.91 and a 1 year high of $13.91. The business has a fifty day simple moving average of $10.34 and a 200 day simple moving average of $8.53. The firm has a market cap of $945.23 million, a price-to-earnings ratio of 19.56 and a beta of 0.72.

Kearny Financial (NASDAQ:KRNY) last announced its quarterly earnings data on Thursday, October 29th. The savings and loans company reported $0.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.06. Kearny Financial had a return on equity of 4.33% and a net margin of 17.45%. The business had revenue of $51.90 million during the quarter, compared to analyst estimates of $49.20 million.

Several research firms have recently commented on KRNY. BidaskClub lowered shares of Kearny Financial from a “strong-buy” rating to a “buy” rating in a report on Wednesday. TheStreet raised shares of Kearny Financial from a “c+” rating to a “b” rating in a report on Monday, November 9th. Finally, Piper Sandler decreased their price target on shares of Kearny Financial from $10.50 to $9.00 and set an “overweight” rating for the company in a report on Monday, September 28th.

Kearny Financial Profile

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.

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Institutional Ownership by Quarter for Kearny Financial (NASDAQ:KRNY)

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