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

Schonfeld Strategic Advisors LLC bought a new position in shares of Kearny Financial Corp. (NASDAQ:KRNY) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 24,100 shares of the savings and loans company’s stock, valued at approximately $174,000.

Several other institutional investors have also modified their holdings of the stock. California State Teachers Retirement System raised its holdings in shares of Kearny Financial by 6.0% during the third quarter. California State Teachers Retirement System now owns 120,817 shares of the savings and loans company’s stock worth $871,000 after purchasing an additional 6,800 shares during the last quarter. AQR Capital Management LLC boosted its position in Kearny Financial by 34.8% during the third quarter. AQR Capital Management LLC now owns 342,893 shares of the savings and loans company’s stock worth $2,472,000 after purchasing an additional 88,428 shares in the last quarter. ExodusPoint Capital Management LP raised its holdings in shares of Kearny Financial by 109.9% during the third quarter. ExodusPoint Capital Management LP now owns 127,429 shares of the savings and loans company’s stock valued at $919,000 after acquiring an additional 66,725 shares during the last quarter. Maltese Capital Management LLC increased its holdings in shares of Kearny Financial by 28.6% in the third quarter. Maltese Capital Management LLC now owns 45,000 shares of the savings and loans company’s stock valued at $324,000 after purchasing an additional 10,000 shares during the last quarter. Finally, Morgan Stanley increased its holdings in shares of Kearny Financial by 31.7% in the third quarter. Morgan Stanley now owns 95,734 shares of the savings and loans company’s stock valued at $691,000 after purchasing an additional 23,065 shares during the last quarter. 59.99% of the stock is owned by hedge funds and other institutional investors.

NASDAQ:KRNY opened at $10.56 on Friday. The firm has a market cap of $945.23 million, a PE ratio of 19.56 and a beta of 0.72. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.96. The stock has a fifty day moving average price of $10.34 and a 200 day moving average price of $8.53. Kearny Financial Corp. has a 12-month low of $6.91 and a 12-month high of $13.91.

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

In other Kearny Financial news, Director Theodore J. Aanensen sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, December 8th. The shares were sold at an average price of $10.44, for a total transaction of $26,100.00. Also, EVP Patrick M. Joyce sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, November 16th. The stock was sold at an average price of $10.30, for a total transaction of $30,900.00. The disclosure for this sale can be found here. 4.87% of the stock is currently owned by company insiders.

Several equities research analysts recently commented on KRNY shares. BidaskClub cut Kearny Financial from a “strong-buy” rating to a “buy” rating in a report on Wednesday. TheStreet raised Kearny Financial from a “c+” rating to a “b” rating in a report on Monday, November 9th. Finally, Piper Sandler cut their price target on 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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