BB&T Corp held its stake in shares of Kearny Financial (NASDAQ:KRNY) during the first quarter, according to its most recent disclosure with the SEC. The fund owned 109,089 shares of the savings and loans company’s stock at the end of the first quarter. BB&T Corp owned approximately 0.13% of Kearny Financial worth $1,642,000 at the end of the most recent reporting period.
Other large investors have also recently modified their holdings of the company. Russell Investments Group Ltd. increased its stake in shares of Kearny Financial by 4.7% in the first quarter. Russell Investments Group Ltd. now owns 1,329,912 shares of the savings and loans company’s stock worth $20,013,000 after buying an additional 60,092 shares during the period. Acadian Asset Management LLC increased its stake in shares of Kearny Financial by 11.0% in the first quarter. Acadian Asset Management LLC now owns 2,835,756 shares of the savings and loans company’s stock worth $42,681,000 after buying an additional 281,597 shares during the period. Creative Planning increased its stake in shares of Kearny Financial by 4.3% in the first quarter. Creative Planning now owns 108,500 shares of the savings and loans company’s stock worth $1,633,000 after buying an additional 4,500 shares during the period. Highbridge Capital Management LLC purchased a new stake in shares of Kearny Financial during the fourth quarter worth $507,000. Finally, Teachers Advisors LLC increased its stake in shares of Kearny Financial by 3.1% in the fourth quarter. Teachers Advisors LLC now owns 141,090 shares of the savings and loans company’s stock worth $2,194,000 after buying an additional 4,254 shares during the period. Institutional investors and hedge funds own 65.58% of the company’s stock.
Shares of Kearny Financial (NASDAQ:KRNY) traded down 0.34% on Friday, reaching $14.60. The company had a trading volume of 239,580 shares. The firm has a market capitalization of $1.23 billion, a PE ratio of 66.06 and a beta of 0.63. Kearny Financial has a 12 month low of $12.14 and a 12 month high of $16.10. The company’s 50-day moving average is $14.95 and its 200 day moving average is $14.99.
A number of brokerages have recently weighed in on KRNY. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $14.50 price target on shares of Kearny Financial in a report on Wednesday, April 5th. Compass Point upgraded Kearny Financial from a “neutral” rating to a “buy” rating and set a $17.00 price objective for the company in a research note on Tuesday, January 31st.
In related news, CFO Eric B. Heyer sold 41,412 shares of the firm’s stock in a transaction that occurred on Friday, March 10th. The stock was sold at an average price of $15.38, for a total transaction of $636,916.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.68% of the stock is owned by company insiders.
About Kearny Financial
Kearny Bank is principally engaged in the business of attracting deposits from the general public at its 41 locations in New Jersey and using these deposits, together with other funds, to originate or purchase loans for its portfolio and invest in securities. Loans originated or purchased by the Bank generally include loans collateralized by residential and commercial real estate augmented by secured and unsecured loans to businesses and consumers.
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