Intech Investment Management LLC Acquires Shares of 12,585 Kearny Financial Corp. (NASDAQ:KRNY)

Intech Investment Management LLC bought a new position in shares of Kearny Financial Corp. (NASDAQ:KRNY) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 12,585 shares of the savings and loans company’s stock, valued at approximately $86,000.

Several other hedge funds have also recently modified their holdings of the stock. Signaturefd LLC raised its holdings in shares of 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 acquiring an additional 2,560 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. raised its stake in 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. Vanguard Personalized Indexing Management LLC purchased a new position in Kearny Financial in the 2nd quarter valued at $65,000. Pallas Capital Advisors LLC acquired a new stake in Kearny Financial during the 3rd quarter worth $82,000. Finally, Entropy Technologies LP purchased a new stake in shares of Kearny Financial during the third quarter worth $90,000. Institutional investors and hedge funds own 71.01% of the company’s stock.

Kearny Financial Price Performance

NASDAQ:KRNY opened at $8.01 on Monday. The stock has a 50 day moving average price of $7.49 and a 200 day moving average price of $6.71. The stock has a market cap of $517.29 million, a PE ratio of -5.52 and a beta of 0.80. 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 one year low of $5.28 and a one year high of $9.46.

Kearny Financial (NASDAQ:KRNY) last posted its quarterly earnings results on Thursday, October 24th. The savings and loans company reported $0.10 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 analyst estimates of $37.70 million. During the same quarter in the previous year, the firm earned $0.16 EPS.

Kearny Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Investors of record on Wednesday, November 6th were issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 5.49%. The ex-dividend date was Wednesday, November 6th. Kearny Financial’s dividend payout ratio is presently -30.34%.

Analyst Ratings Changes

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

About Kearny Financial

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.