Kearny Financial Corp. (NASDAQ:KRNY) Shares Sold by State Street Corp

State Street Corp lessened its stake in shares of Kearny Financial Corp. (NASDAQ:KRNY) by 6.4% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,050,152 shares of the savings and loans company’s stock after selling 139,094 shares during the period. State Street Corp owned 3.17% of Kearny Financial worth $14,085,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the business. Quantinno Capital Management LP raised its holdings in Kearny Financial by 75.2% in the 3rd quarter. Quantinno Capital Management LP now owns 22,591 shares of the savings and loans company’s stock valued at $155,000 after buying an additional 9,698 shares during the period. Point72 DIFC Ltd acquired a new stake in shares of Kearny Financial during the third quarter valued at about $61,000. Jacobs Levy Equity Management Inc. raised its stake in shares of Kearny Financial by 79.2% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 564,572 shares of the savings and loans company’s stock valued at $3,879,000 after acquiring an additional 249,437 shares during the period. Walleye Capital LLC acquired a new position in shares of Kearny Financial in the 3rd quarter worth approximately $189,000. Finally, Fourthstone LLC purchased a new position in shares of Kearny Financial during the 3rd quarter worth approximately $481,000. Institutional investors and hedge funds own 71.01% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Kearny Financial Stock Performance

NASDAQ KRNY opened at $7.28 on Wednesday. The company has a debt-to-equity ratio of 1.99, a current ratio of 1.08 and a quick ratio of 1.08. The company has a market cap of $470.14 million, a P/E ratio of -5.02 and a beta of 0.80. The stock has a 50-day moving average of $7.75 and a two-hundred day moving average of $6.90. Kearny Financial Corp. has a 1-year low of $5.28 and a 1-year high of $9.42.

Kearny Financial (NASDAQ:KRNY) last announced its quarterly earnings data 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 firm had revenue of $87.88 million during the quarter, compared to analysts’ expectations 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 in the previous year, the business posted $0.16 earnings per share.

Kearny Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 6th were paid a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 6.04%. The ex-dividend date of this dividend was Wednesday, November 6th. Kearny Financial’s payout ratio is currently -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.