SG Americas Securities LLC Has $281,000 Stock Holdings in Kearny Financial Corp. (NASDAQ:KRNY)

SG Americas Securities LLC boosted its stake in shares of Kearny Financial Corp. (NASDAQ:KRNY) by 44.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 40,902 shares of the savings and loans company’s stock after purchasing an additional 12,630 shares during the period. SG Americas Securities LLC owned 0.06% of Kearny Financial worth $281,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. The Manufacturers Life Insurance Company boosted its position in Kearny Financial by 9.1% during the second quarter. The Manufacturers Life Insurance Company now owns 23,015 shares of the savings and loans company’s stock valued at $142,000 after purchasing an additional 1,911 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. boosted its position in Kearny Financial by 53.1% during the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 9,367 shares of the savings and loans company’s stock valued at $58,000 after purchasing an additional 3,249 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in Kearny Financial by 8.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 70,851 shares of the savings and loans company’s stock valued at $457,000 after purchasing an additional 5,272 shares during the last quarter. Sei Investments Co. raised its stake in Kearny Financial by 23.1% in the second quarter. Sei Investments Co. now owns 48,500 shares of the savings and loans company’s stock valued at $298,000 after buying an additional 9,100 shares during the period. Finally, American Century Companies Inc. raised its stake in Kearny Financial by 2.7% in the second quarter. American Century Companies Inc. now owns 391,352 shares of the savings and loans company’s stock valued at $2,407,000 after buying an additional 10,220 shares during the period. 71.01% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods upped their price objective on Kearny Financial from $6.00 to $7.00 and gave the company a “market perform” rating in a research note on Tuesday, July 30th.

Kearny Financial Price Performance

NASDAQ:KRNY opened at $7.39 on Monday. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 2.27. The stock’s 50 day moving average price is $6.69 and its two-hundred day moving average price is $6.22. The firm has a market capitalization of $476.19 million, a price-to-earnings ratio of 29.56 and a beta of 0.77. Kearny Financial Corp. has a 12-month low of $5.28 and a 12-month high of $9.46.

Kearny Financial (NASDAQ:KRNY) last released its quarterly earnings data on Thursday, July 25th. The savings and loans company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.03). The business had revenue of $39.08 million during the quarter, compared to the consensus estimate of $39.00 million. Kearny Financial had a negative net margin of 26.51% and a positive return on equity of 3.41%.

Kearny Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 26th. Stockholders of record on Monday, August 12th were paid a dividend of $0.11 per share. The ex-dividend date of this dividend was Monday, August 12th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 5.95%. Kearny Financial’s dividend payout ratio (DPR) is currently 176.00%.

Insider Transactions at Kearny Financial

In other news, EVP Thomas Demedici sold 6,304 shares of the stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $6.00, for a total transaction of $37,824.00. Following the transaction, the executive vice president now owns 70,614 shares in the company, valued at approximately $423,684. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 8.22% of the stock is owned by corporate insiders.

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. It offers various deposit products, including interest-bearing and non-interest-bearing checking accounts, money market deposit accounts, savings accounts, and certificates of deposit accounts.