Swift Run Capital Management LLC lowered its stake in Kearny Financial Corp. (NASDAQ:KRNY) by 4.1% during the second quarter, Holdings Channel reports. The fund owned 720,343 shares of the company’s stock after selling 30,420 shares during the period. Kearny Financial Corp. makes up about 5.8% of Swift Run Capital Management LLC’s holdings, making the stock its 2nd largest position. Swift Run Capital Management LLC’s holdings in Kearny Financial Corp. were worth $9,062,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. TIAA CREF Investment Management LLC boosted its stake in shares of Kearny Financial Corp. by 21.2% in the first quarter. TIAA CREF Investment Management LLC now owns 487,691 shares of the company’s stock valued at $6,023,000 after buying an additional 85,454 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in Kearny Financial Corp. by 8.3% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,455,688 shares of the company’s stock valued at $17,978,000 after buying an additional 111,618 shares in the last quarter. C M Bidwell & Associates Ltd. bought a new position in Kearny Financial Corp. during the first quarter valued at about $238,000. Huntington Asset Advisors Inc. bought a new position in Kearny Financial Corp. during the first quarter valued at about $157,000. Finally, Miles Capital Inc. bought a new position in Kearny Financial Corp. during the first quarter valued at about $239,000. 62.65% of the stock is currently owned by hedge funds and other institutional investors.
Kearny Financial Corp. (NASDAQ:KRNY) traded up 1.10% during midday trading on Friday, hitting $13.78. 584,197 shares of the company traded hands. The stock’s 50-day moving average is $13.72 and its 200-day moving average is $13.10. The firm has a market capitalization of $1.24 billion, a PE ratio of 77.85 and a beta of 0.63. Kearny Financial Corp. has a 12-month low of $11.31 and a 12-month high of $14.09.
Kearny Financial Corp. (NASDAQ:KRNY) last announced its quarterly earnings data on Thursday, August 4th. The company reported $0.05 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.05. Kearny Financial Corp. had a net margin of 11.50% and a return on equity of 1.36%. Analysts anticipate that Kearny Financial Corp. will post $0.21 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 14th. Investors of record on Wednesday, August 31st were issued a $0.02 dividend. The ex-dividend date of this dividend was Monday, August 29th. This represents a $0.08 annualized dividend and a yield of 0.58%. Kearny Financial Corp.’s dividend payout ratio is currently 47.06%.
Separately, Keefe, Bruyette & Woods boosted their price target on shares of Kearny Financial Corp. from $13.00 to $13.50 and gave the company a “market perform” rating in a report on Wednesday, September 7th.
In other Kearny Financial Corp. news, Director John F. Mcgovern acquired 3,300 shares of the business’s stock in a transaction that occurred on Thursday, August 11th. The shares were acquired at an average cost of $13.29 per share, for a total transaction of $43,857.00. Following the completion of the acquisition, the director now directly owns 194,853 shares of the company’s stock, valued at approximately $2,589,596.37. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.68% of the stock is currently owned by corporate insiders.
Kearny Financial Corp. 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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