Rhumbline Advisers boosted its stake in Kearny Financial Corp. (NASDAQ:KRNY) by 22.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 104,252 shares of the savings and loans company’s stock after buying an additional 19,361 shares during the quarter. Rhumbline Advisers owned approximately 0.10% of Kearny Financial worth $1,402,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its position in Kearny Financial by 6.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 5,585,806 shares of the savings and loans company’s stock valued at $72,615,000 after purchasing an additional 337,358 shares during the last quarter. Villere ST Denis J & Co. LLC raised its position 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 valued at $51,545,000 after purchasing an additional 67,020 shares during the last quarter. Russell Investments Group Ltd. raised its position 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 valued at $33,537,000 after purchasing an additional 521,132 shares during the last quarter. Northern Trust Corp raised its position in Kearny Financial by 1.0% in the 1st quarter. Northern Trust Corp now owns 976,963 shares of the savings and loans company’s stock valued at $12,700,000 after purchasing an additional 10,120 shares during the last quarter. Finally, Ancora Advisors LLC raised its position in Kearny Financial by 4,248.0% in the 1st quarter. Ancora Advisors LLC now owns 949,994 shares of the savings and loans company’s stock valued at $12,350,000 after purchasing an additional 928,145 shares during the last quarter. 63.83% of the stock is currently owned by institutional investors and hedge funds.
Separately, BidaskClub downgraded Kearny Financial from a “sell” rating to a “strong sell” rating in a research report on Friday, August 31st.
Shares of KRNY opened at $13.55 on Friday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.94. Kearny Financial Corp. has a 52-week low of $12.75 and a 52-week high of $15.60. The firm has a market capitalization of $1.31 billion, a price-to-earnings ratio of 40.30 and a beta of 0.56.
Kearny Financial (NASDAQ:KRNY) last issued its quarterly earnings data on Monday, July 30th. The savings and loans company reported $0.12 earnings per share (EPS) for the quarter. Kearny Financial had a return on equity of 2.57% and a net margin of 10.61%. The firm had revenue of $43.95 million during the quarter.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 12th. Shareholders of record on Wednesday, August 29th were given a $0.04 dividend. The ex-dividend date was Tuesday, August 28th. This represents a $0.16 annualized dividend and a yield of 1.18%.
Kearny Financial Company Profile
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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