Thrivent Financial for Lutherans Reduces Stake in Kearny Financial Corp. (NASDAQ:KRNY)

Thrivent Financial for Lutherans trimmed its position in shares of Kearny Financial Corp. (NASDAQ:KRNY) by 8.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 168,873 shares of the savings and loans company’s stock after selling 15,718 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.26% of Kearny Financial worth $1,161,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of KRNY. The Manufacturers Life Insurance Company raised its position in shares of Kearny Financial by 9.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 23,015 shares of the savings and loans company’s stock worth $142,000 after purchasing an additional 1,911 shares during the last quarter. Signaturefd LLC increased its position 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 worth $61,000 after buying an additional 2,560 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. raised its holdings in shares of Kearny Financial by 53.1% in the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 9,367 shares of the savings and loans company’s stock worth $58,000 after acquiring an additional 3,249 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Kearny Financial by 8.0% in 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 acquiring an additional 5,272 shares in the last quarter. Finally, Aigen Investment Management LP boosted its stake in shares of Kearny Financial by 36.7% during the third quarter. Aigen Investment Management LP now owns 23,282 shares of the savings and loans company’s stock valued at $160,000 after acquiring an additional 6,250 shares during the last quarter. 71.01% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Kearny Financial Stock Down 0.1 %

Shares of NASDAQ KRNY opened at $7.92 on Monday. The firm has a market cap of $511.47 million, a P/E ratio of -5.46 and a beta of 0.76. The company has a debt-to-equity ratio of 1.99, a quick ratio of 1.08 and a current ratio of 1.08. Kearny Financial Corp. has a 1 year low of $5.28 and a 1 year high of $9.46. The firm’s 50 day moving average price is $7.37 and its 200 day moving average price is $6.63.

Kearny Financial (NASDAQ:KRNY) last posted its quarterly earnings data on Thursday, October 24th. The savings and loans company reported $0.10 earnings per share (EPS) for the quarter, hitting 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 business had revenue of $87.88 million for the quarter, compared to analysts’ expectations of $37.70 million. During the same quarter last year, the firm earned $0.16 earnings per share.

Kearny Financial Announces Dividend

The business also recently disclosed 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 annualized dividend and a dividend yield of 5.56%. Kearny Financial’s payout ratio is currently -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.