Cwm LLC Purchases 18,771 Shares of Kearny Financial Corp. (NASDAQ:KRNY)

Cwm LLC grew its holdings in shares of Kearny Financial Corp. (NASDAQ:KRNY) by 93.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 38,877 shares of the savings and loans company’s stock after acquiring an additional 18,771 shares during the quarter. Cwm LLC owned 0.06% of Kearny Financial worth $267,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. AQR Capital Management LLC raised its position in Kearny Financial by 101.6% in the 2nd quarter. AQR Capital Management LLC now owns 1,419,996 shares of the savings and loans company’s stock worth $8,733,000 after purchasing an additional 715,500 shares during the period. Millennium Management LLC grew its stake in shares of Kearny Financial by 144.1% during the second quarter. Millennium Management LLC now owns 798,200 shares of the savings and loans company’s stock valued at $4,909,000 after buying an additional 471,155 shares during the last quarter. Squarepoint Ops LLC increased its holdings in shares of Kearny Financial by 259.3% in the second quarter. Squarepoint Ops LLC now owns 136,691 shares of the savings and loans company’s stock worth $841,000 after buying an additional 98,643 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in shares of Kearny Financial by 124.5% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 177,805 shares of the savings and loans company’s stock valued at $1,094,000 after acquiring an additional 98,598 shares during the last quarter. Finally, Thrivent Financial for Lutherans boosted its holdings in Kearny Financial by 109.9% during the 2nd quarter. Thrivent Financial for Lutherans now owns 184,591 shares of the savings and loans company’s stock valued at $1,135,000 after acquiring an additional 96,628 shares during the period. 71.01% of the stock is currently owned by institutional investors.

Kearny Financial Trading Down 3.7 %

NASDAQ:KRNY opened at $7.12 on Tuesday. The firm has a market capitalization of $458.79 million, a P/E ratio of 28.76 and a beta of 0.77. 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 company has a fifty day moving average of $6.69 and a 200 day moving average of $6.22. Kearny Financial Corp. has a 52 week low of $5.28 and a 52 week high of $9.46.

Kearny Financial (NASDAQ:KRNY) last issued its quarterly earnings data on Thursday, July 25th. The savings and loans company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.03). The firm had revenue of $39.08 million for 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 26th. Stockholders of record on Monday, August 12th were given a $0.11 dividend. The ex-dividend date was Monday, August 12th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 6.18%. Kearny Financial’s dividend payout ratio is currently 176.00%.

Insider Activity

In related news, EVP Thomas Demedici sold 6,304 shares of the firm’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $6.00, for a total value of $37,824.00. Following the completion of the sale, the executive vice president now owns 70,614 shares of the company’s stock, valued at $423,684. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 8.22% of the company’s stock.

Analysts Set New Price Targets

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

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.