SG Americas Securities LLC lowered its position in Kearny Financial (NASDAQ:KRNY) by 44.3% in the fourth quarter, Holdings Channel reports. The fund owned 11,036 shares of the savings and loans company’s stock after selling 8,776 shares during the quarter. SG Americas Securities LLC’s holdings in Kearny Financial were worth $159,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also recently made changes to their positions in the business. Dimensional Fund Advisors LP lifted its stake in Kearny Financial by 6.1% in the third quarter. Dimensional Fund Advisors LP now owns 4,888,652 shares of the savings and loans company’s stock valued at $75,041,000 after acquiring an additional 281,128 shares during the last quarter. State Street Corp lifted its stake in Kearny Financial by 4.0% in the second quarter. State Street Corp now owns 1,925,756 shares of the savings and loans company’s stock valued at $28,597,000 after acquiring an additional 74,783 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Kearny Financial by 13.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 569,296 shares of the savings and loans company’s stock worth $8,738,000 after buying an additional 65,553 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its stake in shares of Kearny Financial by 1.0% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 385,413 shares of the savings and loans company’s stock worth $5,570,000 after buying an additional 3,716 shares during the last quarter. Finally, GSA Capital Partners LLP lifted its stake in shares of Kearny Financial by 457.3% during the 3rd quarter. GSA Capital Partners LLP now owns 72,390 shares of the savings and loans company’s stock worth $1,111,000 after buying an additional 59,400 shares during the last quarter. Hedge funds and other institutional investors own 64.48% of the company’s stock.
Shares of Kearny Financial (NASDAQ KRNY) opened at $13.40 on Wednesday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.10 and a current ratio of 1.10. The stock has a market cap of $1,052.56, a PE ratio of 58.04 and a beta of 0.53. Kearny Financial has a 12 month low of $12.75 and a 12 month high of $15.63.
Kearny Financial (NASDAQ:KRNY) last posted its earnings results on Tuesday, January 30th. The savings and loans company reported $0.06 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.06. The company had revenue of $30.10 million during the quarter. Kearny Financial had a net margin of 9.40% and a return on equity of 1.80%.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 21st. Stockholders of record on Wednesday, March 7th will be paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date is Tuesday, March 6th. Kearny Financial’s dividend payout ratio is presently 63.16%.
KRNY has been the subject of a number of research reports. BidaskClub cut shares of Kearny Financial from a “hold” rating to a “sell” rating in a research note on Saturday, January 6th. Keefe, Bruyette & Woods restated a “sell” rating and set a $14.00 target price on shares of Kearny Financial in a research note on Friday, December 22nd.
In other news, Director Theodore J. Aanensen sold 3,500 shares of the firm’s stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $14.49, for a total transaction of $50,715.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In the last 90 days, insiders have sold 6,000 shares of company stock valued at $87,280. 3.78% of the stock is currently owned by corporate insiders.
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.
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