Fmr LLC Buys 2,445 Shares of Kearny Financial Corp. (NASDAQ:KRNY)

Fmr LLC raised its position in shares of Kearny Financial Corp. (NASDAQ:KRNY) by 40.4% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,495 shares of the savings and loans company’s stock after acquiring an additional 2,445 shares during the period. Fmr LLC’s holdings in Kearny Financial were worth $58,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. grew its holdings in Kearny Financial by 53.1% during 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. Signaturefd LLC grew its stake 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 buying an additional 2,560 shares during the last quarter. Vanguard Personalized Indexing Management LLC purchased a new stake in shares of Kearny Financial in the second quarter worth approximately $65,000. Quantbot Technologies LP lifted its stake in shares of Kearny Financial by 464.0% during the 3rd quarter. Quantbot Technologies LP now owns 11,308 shares of the savings and loans company’s stock worth $78,000 after acquiring an additional 9,303 shares during the last quarter. Finally, Pallas Capital Advisors LLC purchased a new position in Kearny Financial during the 3rd quarter valued at $82,000. Hedge funds and other institutional investors own 71.01% of the company’s stock.

Analysts Set New Price Targets

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

Kearny Financial Stock Performance

Shares of NASDAQ:KRNY opened at $7.28 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 firm has a market cap of $470.14 million, a PE ratio of -5.02 and a beta of 0.80. The firm’s 50 day simple moving average is $7.75 and its 200-day simple moving average is $6.90. Kearny Financial Corp. has a one year low of $5.28 and a one year high of $9.42.

Kearny Financial (NASDAQ:KRNY) last issued its 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 during the quarter, compared to analyst estimates of $37.70 million. Kearny Financial had a positive return on equity of 3.05% and a negative net margin of 27.43%. During the same period in the previous year, the company posted $0.16 EPS.

Kearny Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Wednesday, November 6th were issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 6.04%. The ex-dividend date was Wednesday, November 6th. Kearny Financial’s payout ratio is -30.34%.

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.