BlueCrest Capital Management Ltd purchased a new position in Kearny Financial (NASDAQ:KRNY) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 44,443 shares of the savings and loans company’s stock, valued at approximately $642,000. BlueCrest Capital Management Ltd owned about 0.06% of Kearny Financial as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently modified their holdings of KRNY. Allianz Asset Management GmbH bought a new stake in shares of Kearny Financial during the fourth quarter worth $920,000. Salzhauer Michael purchased a new position in shares of Kearny Financial during the fourth quarter valued at $349,000. Citadel Advisors LLC increased its stake in shares of Kearny Financial by 61.5% during the fourth quarter. Citadel Advisors LLC now owns 62,253 shares of the savings and loans company’s stock valued at $900,000 after buying an additional 23,696 shares during the period. First Trust Advisors LP increased its stake in shares of Kearny Financial by 27.1% during the fourth quarter. First Trust Advisors LP now owns 134,815 shares of the savings and loans company’s stock valued at $1,948,000 after buying an additional 28,773 shares during the period. Finally, Teacher Retirement System of Texas purchased a new position in shares of Kearny Financial during the fourth quarter valued at $392,000. Institutional investors own 65.85% of the company’s stock.
KRNY traded down $0.10 on Friday, hitting $13.05. The company had a trading volume of 504,535 shares, compared to its average volume of 497,345. Kearny Financial has a 12-month low of $12.75 and a 12-month high of $15.63. The firm has a market capitalization of $1,036.79, a PE ratio of 57.17 and a beta of 0.53. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.10 and a quick ratio of 1.10.
Kearny Financial (NASDAQ:KRNY) last issued its quarterly earnings results on Tuesday, January 30th. The savings and loans company reported $0.06 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.06. Kearny Financial had a return on equity of 1.80% and a net margin of 9.40%. The business had revenue of $30.10 million for the quarter.
The company also recently announced a quarterly dividend, which was paid on Wednesday, March 21st. Investors of record on Wednesday, March 7th were issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date of this dividend was Tuesday, March 6th.
KRNY has been the topic of several research reports. BidaskClub lowered Kearny Financial from a “hold” rating to a “sell” rating in a research note on Saturday, January 6th. Keefe, Bruyette & Woods reiterated a “sell” rating and issued a $14.00 target price on shares of Kearny Financial in a research note on Friday, December 22nd.
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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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