Northpointe Capital LLC boosted its position in Kearny Financial Corp. (NASDAQ:KRNY) by 5.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 598,133 shares of the company’s stock after buying an additional 29,444 shares during the period. Northpointe Capital LLC’s holdings in Kearny Financial Corp. were worth $7,525,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of the company. Benin Management CORP purchased a new stake in shares of Kearny Financial Corp. during the second quarter worth about $127,000. Huntington Asset Advisors Inc. purchased a new stake in shares of Kearny Financial Corp. during the first quarter worth about $157,000. Royal Bank of Canada increased its stake in shares of Kearny Financial Corp. by 37,697.2% in the first quarter. Royal Bank of Canada now owns 13,607 shares of the company’s stock worth $168,000 after buying an additional 13,571 shares during the last quarter. Legal & General Group Plc increased its stake in shares of Kearny Financial Corp. by 21.9% in the first quarter. Legal & General Group Plc now owns 14,679 shares of the company’s stock worth $180,000 after buying an additional 2,636 shares during the last quarter. Finally, C M Bidwell & Associates Ltd. purchased a new stake in shares of Kearny Financial Corp. during the first quarter worth about $238,000. 62.66% of the stock is owned by institutional investors and hedge funds.
Shares of Kearny Financial Corp. (NASDAQ:KRNY) traded down 0.37% during mid-day trading on Tuesday, hitting $13.59. 385,185 shares of the company were exchanged. The company has a 50 day moving average of $13.69 and a 200 day moving average of $13.04. The company has a market capitalization of $1.22 billion, a P/E ratio of 76.78 and a beta of 0.63. Kearny Financial Corp. has a 52 week low of $11.31 and a 52 week high of $14.09.
Kearny Financial Corp. (NASDAQ:KRNY) last issued its quarterly earnings results on Thursday, August 4th. The company reported $0.05 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.05. Kearny Financial Corp. had a net margin of 11.50% and a return on equity of 1.36%. Equities analysts anticipate that Kearny Financial Corp. will post $0.21 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, September 14th. Shareholders of record on Wednesday, August 31st were issued a $0.02 dividend. The ex-dividend date was Monday, August 29th. This represents a $0.08 annualized dividend and a yield of 0.59%. Kearny Financial Corp.’s dividend payout ratio (DPR) is presently 47.06%.
Separately, Keefe, Bruyette & Woods increased their target price on shares of Kearny Financial Corp. from $13.00 to $13.50 and gave the company a “market perform” rating in a research report on Wednesday, September 7th.
In other news, Director John F. Mcgovern bought 3,300 shares of the firm’s stock in a transaction on Thursday, August 11th. The stock was acquired at an average cost of $13.29 per share, with a total value of $43,857.00. Following the completion of the acquisition, the director now owns 194,853 shares of the company’s stock, valued at $2,589,596.37. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.68% of the stock is currently owned by company insiders.
About Kearny Financial Corp.
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.
Want to see what other hedge funds are holding KRNY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kearny Financial Corp. (NASDAQ:KRNY).
Receive News & Ratings for Kearny Financial Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kearny Financial Corp. and related companies with MarketBeat.com's FREE daily email newsletter.