State Street Corp grew its position in shares of Kearny Financial (NASDAQ:KRNY) by 4.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,925,756 shares of the savings and loans company’s stock after buying an additional 74,783 shares during the quarter. State Street Corp owned 2.28% of Kearny Financial worth $28,597,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of Kearny Financial by 3.6% during the first quarter. Vanguard Group Inc. now owns 6,399,468 shares of the savings and loans company’s stock valued at $96,313,000 after buying an additional 224,755 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Kearny Financial by 7.4% during the second quarter. Dimensional Fund Advisors LP now owns 4,607,524 shares of the savings and loans company’s stock valued at $68,422,000 after buying an additional 315,492 shares during the last quarter. Villere ST Denis J & Co. LLC grew its holdings in shares of Kearny Financial by 16.5% during the second quarter. Villere ST Denis J & Co. LLC now owns 3,839,063 shares of the savings and loans company’s stock valued at $57,010,000 after buying an additional 544,435 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of Kearny Financial by 7.6% during the second quarter. Renaissance Technologies LLC now owns 3,703,521 shares of the savings and loans company’s stock valued at $54,997,000 after buying an additional 262,503 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in shares of Kearny Financial by 2.4% during the second quarter. Russell Investments Group Ltd. now owns 1,361,293 shares of the savings and loans company’s stock valued at $20,214,000 after buying an additional 31,381 shares during the last quarter. Hedge funds and other institutional investors own 63.67% of the company’s stock.
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Kearny Financial (KRNY) opened at $14.30 on Friday. The firm has a market cap of $1,158.56, a P/E ratio of 62.17 and a beta of 0.59. Kearny Financial has a 52-week low of $13.35 and a 52-week high of $16.10. The company has a current ratio of 1.11, a quick ratio of 1.13 and a debt-to-equity ratio of 0.80.
Kearny Financial (NASDAQ:KRNY) last issued its quarterly earnings data on Monday, October 30th. The savings and loans company reported $0.07 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.02. The company had revenue of $29.90 million for the quarter. Kearny Financial had a net margin of 12.31% and a return on equity of 1.79%.
The business also recently disclosed a special dividend, which was paid on Wednesday, October 18th. Investors of record on Wednesday, October 4th were given a dividend of $0.12 per share. This is an increase from Kearny Financial’s previous special dividend of $0.02. The ex-dividend date of this dividend was Tuesday, October 3rd. This represents a yield of 0.79%. Kearny Financial’s dividend payout ratio is 52.17%.
A number of equities research analysts have recently commented on the stock. Keefe, Bruyette & Woods reiterated a “sell” rating and set a $13.00 price target on shares of Kearny Financial in a report on Thursday, August 3rd. BidaskClub cut shares of Kearny Financial from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th.
In related news, Director Theodore J. Aanensen sold 2,000 shares of the stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $14.11, for a total transaction of $28,220.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 3.78% of the stock is owned by corporate insiders.
Kearny Financial Profile
Kearny Bank is principally engaged in the business of attracting deposits from the general public at its 41 locations in New Jersey and using these deposits, together with other funds, to originate or purchase loans for its portfolio and invest in securities. Loans originated or purchased by the Bank generally include loans collateralized by residential and commercial real estate augmented by secured and unsecured loans to businesses and consumers.
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