Caxton Associates LP Acquires 19,277 Shares of Kearny Financial Corp. (NASDAQ:KRNY)

Caxton Associates LP lifted its holdings in Kearny Financial Corp. (NASDAQ:KRNY) by 79.0% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 43,687 shares of the savings and loans company’s stock after buying an additional 19,277 shares during the quarter. Caxton Associates LP owned about 0.07% of Kearny Financial worth $281,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in KRNY. Price T Rowe Associates Inc. MD raised its holdings in Kearny Financial by 8.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 70,851 shares of the savings and loans company’s stock worth $457,000 after purchasing an additional 5,272 shares during the last quarter. Inspire Advisors LLC raised its holdings in Kearny Financial by 15.9% during the 1st quarter. Inspire Advisors LLC now owns 139,025 shares of the savings and loans company’s stock worth $895,000 after purchasing an additional 19,092 shares during the last quarter. Empowered Funds LLC raised its holdings in Kearny Financial by 8.2% during the 1st quarter. Empowered Funds LLC now owns 148,057 shares of the savings and loans company’s stock worth $953,000 after purchasing an additional 11,190 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in Kearny Financial by 91.3% during the 1st quarter. BNP Paribas Financial Markets now owns 27,598 shares of the savings and loans company’s stock worth $178,000 after purchasing an additional 13,171 shares during the last quarter. Finally, Simplicity Wealth LLC bought a new stake in Kearny Financial during the 1st quarter worth about $94,000. 71.01% of the stock is owned by institutional investors.

Insider Activity

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

Kearny Financial Trading Up 1.0 %

Shares of KRNY stock traded up $0.07 on Tuesday, reaching $7.04. The company had a trading volume of 110,180 shares, compared to its average volume of 463,599. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 2.05. The stock has a market cap of $453.66 million, a PE ratio of 27.88 and a beta of 0.78. The company has a 50-day moving average of $5.99 and a 200-day moving average of $6.26. Kearny Financial Corp. has a 12 month low of $5.28 and a 12 month high of $9.46.

Kearny Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, August 26th. Stockholders of record on Monday, August 12th will be paid a $0.11 dividend. The ex-dividend date is Monday, August 12th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 6.25%. Kearny Financial’s dividend payout ratio (DPR) is presently 176.00%.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods boosted their price objective on Kearny Financial from $6.00 to $7.00 and gave the stock a “market perform” rating in a report on Tuesday.

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.