Connor Clark & Lunn Investment Management Ltd. Has $243,000 Position in Kearny Financial Corp. (NASDAQ:KRNY)

Connor Clark & Lunn Investment Management Ltd. cut its holdings in Kearny Financial Corp. (NASDAQ:KRNY) by 36.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 35,299 shares of the savings and loans company’s stock after selling 19,946 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 0.05% of Kearny Financial worth $243,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Point72 Asia Singapore Pte. Ltd. lifted its stake in shares of Kearny Financial by 53.1% in the 2nd 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. Signaturefd LLC raised its holdings in Kearny Financial by 40.9% during the third quarter. Signaturefd LLC now owns 8,813 shares of the savings and loans company’s stock valued at $61,000 after buying an additional 2,560 shares in the last quarter. Vanguard Personalized Indexing Management LLC acquired a new stake in shares of Kearny Financial in the second quarter worth about $65,000. Pallas Capital Advisors LLC acquired a new position in shares of Kearny Financial during the 3rd quarter valued at about $82,000. Finally, Entropy Technologies LP acquired a new position in shares of Kearny Financial during the 3rd quarter valued at about $90,000. 71.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Kearny Financial from a “sell” rating to a “hold” rating in a research report on Monday, October 28th.

Kearny Financial Stock Performance

NASDAQ:KRNY opened at $7.92 on Monday. The firm has a market capitalization of $511.47 million, a PE ratio of -5.46 and a beta of 0.76. Kearny Financial Corp. has a 1 year low of $5.28 and a 1 year high of $9.46. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.99. The firm’s fifty day simple moving average is $7.37 and its 200 day simple moving average is $6.63.

Kearny Financial (NASDAQ:KRNY) last issued its quarterly earnings results on Thursday, October 24th. The savings and loans company reported $0.10 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.10. Kearny Financial had a positive return on equity of 3.05% and a negative net margin of 27.43%. The company had revenue of $87.88 million for the quarter, compared to the consensus estimate of $37.70 million. During the same period last year, the business posted $0.16 earnings per share.

Kearny Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 6th were issued a dividend of $0.11 per share. The ex-dividend date of this dividend was Wednesday, November 6th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 5.56%. Kearny Financial’s dividend payout ratio (DPR) is presently -30.34%.

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.