Barclays PLC Grows Stake in Kearny Financial Corp. (NASDAQ:KRNY)

Barclays PLC boosted its stake in shares of Kearny Financial Corp. (NASDAQ:KRNY) by 26.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 428,421 shares of the savings and loans company’s stock after acquiring an additional 88,771 shares during the quarter. Barclays PLC owned about 0.66% of Kearny Financial worth $2,944,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in KRNY. BNP Paribas Financial Markets increased its position in shares of Kearny Financial by 345.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 104,772 shares of the savings and loans company’s stock valued at $720,000 after purchasing an additional 81,274 shares during the last quarter. US Bancorp DE boosted its stake in Kearny Financial by 122.3% during the third quarter. US Bancorp DE now owns 22,023 shares of the savings and loans company’s stock worth $151,000 after buying an additional 12,116 shares during the period. The Manufacturers Life Insurance Company increased its position in Kearny Financial by 9.1% during the second quarter. The Manufacturers Life Insurance Company now owns 23,015 shares of the savings and loans company’s stock valued at $142,000 after acquiring an additional 1,911 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its stake in shares of Kearny Financial by 79.2% in the third 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. Finally, Creative Planning raised its stake in shares of Kearny Financial by 152.6% in the second quarter. Creative Planning now owns 131,428 shares of the savings and loans company’s stock valued at $808,000 after acquiring an additional 79,391 shares during the period. 71.01% of the stock is currently owned by hedge funds and other institutional investors.

Kearny Financial Price Performance

Shares of KRNY stock opened at $7.28 on Wednesday. The stock has a 50 day moving average price of $7.75 and a 200 day moving average price of $6.90. The firm has a market capitalization of $470.14 million, a P/E ratio of -5.02 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 52-week low of $5.28 and a 52-week 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 (EPS) for the quarter, meeting analysts’ consensus estimates of $0.10. The firm had revenue of $87.88 million during the quarter, compared to analyst estimates 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 period in the previous year, the firm earned $0.16 earnings per share.

Kearny Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 6th were given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 6.04%. The ex-dividend date of this dividend was Wednesday, November 6th. Kearny Financial’s dividend payout ratio (DPR) is presently -30.34%.

Wall Street Analyst Weigh In

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

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.