Thrivent Financial for Lutherans Buys 96,628 Shares of Kearny Financial Corp. (NASDAQ:KRNY)

Thrivent Financial for Lutherans raised its stake in shares of Kearny Financial Corp. (NASDAQ:KRNY) by 109.9% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 184,591 shares of the savings and loans company’s stock after acquiring an additional 96,628 shares during the period. Thrivent Financial for Lutherans owned approximately 0.29% of Kearny Financial worth $1,135,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Personalized Indexing Management LLC bought a new position in Kearny Financial during the 2nd quarter valued at about $65,000. CWM LLC lifted its stake in Kearny Financial by 1,798.6% during the 2nd quarter. CWM LLC now owns 20,106 shares of the savings and loans company’s stock valued at $124,000 after acquiring an additional 19,047 shares during the period. DekaBank Deutsche Girozentrale purchased a new stake in shares of Kearny Financial during the 2nd quarter valued at about $133,000. Hsbc Holdings PLC purchased a new stake in shares of Kearny Financial during the 2nd quarter valued at about $149,000. Finally, BNP Paribas Financial Markets increased its position in shares of Kearny Financial by 91.3% during the 1st quarter. BNP Paribas Financial Markets now owns 27,598 shares of the savings and loans company’s stock valued at $178,000 after purchasing an additional 13,171 shares during the last quarter. Institutional investors own 71.01% of the company’s stock.

Insider Buying and Selling

In related news, EVP Thomas Demedici sold 6,304 shares of the stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $6.00, for a total value of $37,824.00. Following the completion of the sale, the executive vice president now directly owns 70,614 shares of the company’s stock, valued at approximately $423,684. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 8.22% of the stock is currently owned by insiders.

Kearny Financial Price Performance

NASDAQ KRNY opened at $6.64 on Friday. Kearny Financial Corp. has a 52 week low of $5.28 and a 52 week high of $9.46. The firm has a market capitalization of $427.86 million, a P/E ratio of 26.56 and a beta of 0.77. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 2.27. The company has a 50-day moving average price of $6.63 and a 200-day moving average price of $6.17.

Kearny Financial (NASDAQ:KRNY) last released its earnings results on Thursday, July 25th. The savings and loans company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.03). The firm had revenue of $39.08 million during the quarter, compared to analysts’ expectations of $39.00 million. Kearny Financial had a positive return on equity of 3.41% and a negative net margin of 26.51%.

Kearny Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, August 26th. Investors of record on Monday, August 12th were issued a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 6.63%. The ex-dividend date was Monday, August 12th. Kearny Financial’s dividend payout ratio is 176.00%.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods upped their price target on shares of Kearny Financial from $6.00 to $7.00 and gave the company a “market perform” rating in a research report on Tuesday, July 30th.

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.