Citadel Advisors LLC cut its holdings in Kearny Financial (NASDAQ:KRNY) by 56.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,884 shares of the savings and loans company’s stock after selling 20,744 shares during the period. Citadel Advisors LLC’s holdings in Kearny Financial were worth $236,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of KRNY. UBS Asset Management Americas Inc. raised its stake in Kearny Financial by 73.1% in the first quarter. UBS Asset Management Americas Inc. now owns 28,554 shares of the savings and loans company’s stock valued at $430,000 after buying an additional 12,054 shares in the last quarter. Parametric Portfolio Associates LLC raised its stake in Kearny Financial by 6.1% in the first quarter. Parametric Portfolio Associates LLC now owns 163,647 shares of the savings and loans company’s stock valued at $2,463,000 after buying an additional 9,409 shares in the last quarter. Ameritas Investment Partners Inc. acquired a new stake in Kearny Financial in the first quarter valued at $111,000. JPMorgan Chase & Co. raised its stake in Kearny Financial by 71.7% in the first quarter. JPMorgan Chase & Co. now owns 564,403 shares of the savings and loans company’s stock valued at $8,495,000 after buying an additional 235,752 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in Kearny Financial in the first quarter valued at $118,000. Institutional investors own 64.12% of the company’s stock.
In other news, Director Theodore J. Aanensen sold 2,000 shares of the stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $14.11, for a total transaction of $28,220.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.78% of the company’s stock.
A number of analysts have weighed in on the company. BidaskClub cut Kearny Financial from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th. Keefe, Bruyette & Woods restated a “sell” rating and issued a $13.00 price target on shares of Kearny Financial in a research note on Thursday, August 3rd.
Shares of Kearny Financial (NASDAQ:KRNY) opened at 15.35 on Friday. The firm has a 50-day moving average price of $14.77 and a 200-day moving average price of $14.64. Kearny Financial has a 1-year low of $13.35 and a 1-year high of $16.10. The firm has a market capitalization of $1.24 billion, a PE ratio of 69.77 and a beta of 0.61.
Kearny Financial (NASDAQ:KRNY) last posted its quarterly earnings data on Friday, July 28th. The savings and loans company reported $0.05 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.05. The company had revenue of $29.75 million during the quarter. Kearny Financial had a net margin of 12.37% and a return on equity of 1.70%. On average, analysts forecast that Kearny Financial will post $0.24 EPS for the current fiscal year.
The company also recently disclosed a special dividend, which will be paid on Wednesday, October 18th. Shareholders of record on Wednesday, October 4th will be given a $0.12 dividend. This is a boost from Kearny Financial’s previous special dividend of $0.02. This represents a yield of 0.79%. The ex-dividend date is Tuesday, October 3rd. Kearny Financial’s dividend payout ratio is presently 57.15%.
Kearny Financial Company Profile
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.