Salzhauer Michael purchased a new stake in Kearny Financial (NASDAQ:KRNY) during the fourth quarter, HoldingsChannel.com reports. The firm purchased 24,130 shares of the savings and loans company’s stock, valued at approximately $349,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its stake in shares of Kearny Financial by 6.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,888,652 shares of the savings and loans company’s stock valued at $75,041,000 after acquiring an additional 281,128 shares during the period. GSA Capital Partners LLP raised its stake in shares of Kearny Financial by 457.3% in the 3rd quarter. GSA Capital Partners LLP now owns 72,390 shares of the savings and loans company’s stock valued at $1,111,000 after acquiring an additional 59,400 shares during the period. Citadel Advisors LLC raised its stake in shares of Kearny Financial by 142.7% in the 3rd quarter. Citadel Advisors LLC now owns 38,557 shares of the savings and loans company’s stock valued at $592,000 after acquiring an additional 22,673 shares during the period. State Street Corp raised its stake in shares of Kearny Financial by 4.0% in the 2nd quarter. State Street Corp now owns 1,925,756 shares of the savings and loans company’s stock valued at $28,597,000 after acquiring an additional 74,783 shares during the period. Finally, Fox Run Management L.L.C. purchased a new position in shares of Kearny Financial in the 3rd quarter valued at $623,000. Institutional investors own 64.08% of the company’s stock.
In other news, Director Theodore J. Aanensen sold 3,500 shares of the firm’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $14.49, for a total value of $50,715.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. In the last three months, insiders sold 6,000 shares of company stock worth $87,280. Insiders own 3.78% of the company’s stock.
Kearny Financial (KRNY) opened at $13.40 on Monday. Kearny Financial has a one year low of $12.75 and a one year high of $15.80. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.81. The company has a market cap of $1,056.50, a price-to-earnings ratio of 58.26 and a beta of 0.49.
Kearny Financial (NASDAQ:KRNY) last issued its earnings results on Tuesday, January 30th. The savings and loans company reported $0.06 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.06. Kearny Financial had a net margin of 9.40% and a return on equity of 1.80%. The business had revenue of $30.10 million for the quarter.
A number of equities analysts have recently commented on the stock. BidaskClub raised shares of Kearny Financial from a “strong sell” rating to a “sell” rating in a research note on Wednesday, January 31st. Keefe, Bruyette & Woods reissued a “sell” rating and issued a $13.50 target price on shares of Kearny Financial in a research note on Friday, February 2nd.
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Kearny Financial Company 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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