Kearny Financial Corp. (NASDAQ:KRNY) Position Trimmed by Geode Capital Management LLC

Geode Capital Management LLC decreased its holdings in Kearny Financial Corp. (NASDAQ:KRNY) by 2.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,352,976 shares of the savings and loans company’s stock after selling 35,877 shares during the period. Geode Capital Management LLC owned about 2.10% of Kearny Financial worth $9,297,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. increased 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 buying an additional 3,249 shares during the period. FMR LLC grew its holdings in shares of Kearny Financial by 40.4% during the 3rd quarter. FMR LLC now owns 8,495 shares of the savings and loans company’s stock valued at $58,000 after acquiring an additional 2,445 shares in the last quarter. Signaturefd LLC increased its stake in shares of Kearny Financial by 40.9% in the third quarter. Signaturefd LLC now owns 8,813 shares of the savings and loans company’s stock worth $61,000 after acquiring an additional 2,560 shares during the last quarter. Point72 DIFC Ltd purchased a new stake in shares of Kearny Financial during the third quarter worth $61,000. Finally, Vanguard Personalized Indexing Management LLC acquired a new stake in Kearny Financial during the second quarter valued at $65,000. 71.01% of the stock is owned by hedge funds and other institutional investors.

Kearny Financial Price Performance

NASDAQ KRNY opened at $7.08 on Thursday. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.99. The stock has a market capitalization of $457.23 million, a PE ratio of -4.88 and a beta of 0.80. Kearny Financial Corp. has a 12-month low of $5.28 and a 12-month high of $9.04. The company has a 50 day moving average price of $7.72 and a two-hundred day moving average price of $6.96.

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

Kearny Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 6th were paid 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 6.21%. Kearny Financial’s dividend payout ratio (DPR) is presently -30.34%.

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.

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.