Shepherd Kaplan Krochuk LLC increased its stake in shares of Kearny Financial Corp. (NASDAQ:KRNY) by 16.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 66,197 shares of the savings and loans company’s stock after acquiring an additional 9,248 shares during the quarter. Shepherd Kaplan Krochuk LLC owned approximately 0.06% of Kearny Financial worth $890,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its holdings in Kearny Financial by 30.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 7,303,894 shares of the savings and loans company’s stock worth $98,238,000 after buying an additional 1,718,088 shares during the period. BlackRock Inc. lifted its holdings in Kearny Financial by 24.6% in the 2nd quarter. BlackRock Inc. now owns 6,956,771 shares of the savings and loans company’s stock worth $93,569,000 after buying an additional 1,374,325 shares during the period. Renaissance Technologies LLC lifted its holdings in Kearny Financial by 49.3% in the 2nd quarter. Renaissance Technologies LLC now owns 6,020,363 shares of the savings and loans company’s stock worth $80,974,000 after buying an additional 1,986,742 shares during the period. Villere ST Denis J & Co. LLC lifted its holdings in Kearny Financial by 1.8% in the 2nd quarter. Villere ST Denis J & Co. LLC now owns 3,832,383 shares of the savings and loans company’s stock worth $51,545,000 after buying an additional 67,020 shares during the period. Finally, Russell Investments Group Ltd. lifted its holdings in Kearny Financial by 25.3% in the 1st quarter. Russell Investments Group Ltd. now owns 2,579,798 shares of the savings and loans company’s stock worth $33,537,000 after buying an additional 521,132 shares during the period. Institutional investors and hedge funds own 61.25% of the company’s stock.
Separately, BidaskClub upgraded Kearny Financial from a “sell” rating to a “hold” rating in a report on Wednesday, May 23rd.
NASDAQ KRNY opened at $13.65 on Thursday. Kearny Financial Corp. has a fifty-two week low of $12.75 and a fifty-two week high of $15.60. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.13 and a quick ratio of 1.10. The company has a market capitalization of $1.35 billion, a price-to-earnings ratio of 41.51 and a beta of 0.56.
Kearny Financial (NASDAQ:KRNY) last released its quarterly earnings data on Monday, July 30th. The savings and loans company reported $0.12 earnings per share for the quarter. Kearny Financial had a return on equity of 2.57% and a net margin of 10.61%. The business had revenue of $43.95 million during the quarter.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 12th. Shareholders of record on Wednesday, August 29th will be issued a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 1.17%. The ex-dividend date of this dividend is Tuesday, August 28th.
In other news, Director John F. Mcgovern bought 11,000 shares of the stock in a transaction dated Friday, August 10th. The stock was bought at an average price of $13.70 per share, for a total transaction of $150,700.00. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Craig Montanaro sold 7,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 12th. The shares were sold at an average price of $14.15, for a total value of $99,050.00. The disclosure for this sale can be found here. Company insiders own 3.78% of the company’s stock.
About Kearny Financial
Kearny Financial Corp. operates as the holding company for Kearny Bank that provides various banking products and services in the United States. The company offers various deposit products, including interest-bearing and non-interest-bearing checking accounts, money market deposit accounts, savings accounts, and certificates of deposit accounts.
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