Kearny Financial Corp. (NASDAQ:KRNY) Short Interest Update

Kearny Financial Corp. (NASDAQ:KRNY) was the recipient of a large growth in short interest in November. As of November 15th, there was short interest totalling 427,700 shares, a growth of 8.0% from the October 31st total of 395,900 shares. Approximately 0.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 332,400 shares, the days-to-cover ratio is presently 1.3 days.

Kearny Financial Price Performance

Shares of Kearny Financial stock opened at $7.97 on Wednesday. The company has a debt-to-equity ratio of 1.99, a quick ratio of 1.08 and a current ratio of 1.08. The business has a 50-day moving average of $7.39 and a 200 day moving average of $6.65. Kearny Financial has a 12 month low of $5.28 and a 12 month high of $9.46.

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

Kearny Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 6th were issued a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 5.52%. The ex-dividend date was Wednesday, November 6th. Kearny Financial’s payout ratio is -30.34%.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Kearny Financial

Several hedge funds have recently made changes to their positions in the company. US Bancorp DE raised its position in Kearny Financial by 122.3% in the 3rd quarter. US Bancorp DE now owns 22,023 shares of the savings and loans company’s stock valued at $151,000 after purchasing an additional 12,116 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of Kearny Financial by 9.1% in 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 acquiring an additional 1,911 shares in the last quarter. Creative Planning increased its stake in shares of Kearny Financial by 152.6% during the second quarter. Creative Planning now owns 131,428 shares of the savings and loans company’s stock worth $808,000 after acquiring an additional 79,391 shares during the period. 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 worth $61,000 after purchasing an additional 2,560 shares in the last quarter. Finally, AQR Capital Management LLC lifted its position in Kearny Financial by 101.6% in the second quarter. AQR Capital Management LLC now owns 1,419,996 shares of the savings and loans company’s stock valued at $8,733,000 after purchasing an additional 715,500 shares during the period. Hedge funds and other institutional investors own 71.01% of the company’s stock.

Kearny Financial Company 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.