AQR Capital Management LLC Has $7.52 Million Holdings in Kearny Financial Corp. (NASDAQ:KRNY)

AQR Capital Management LLC trimmed its stake in shares of Kearny Financial Corp. (NASDAQ:KRNY - Free Report) by 19.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,061,458 shares of the savings and loans company's stock after selling 253,174 shares during the quarter. AQR Capital Management LLC owned approximately 1.64% of Kearny Financial worth $7,515,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Quarry LP bought a new position in shares of Kearny Financial during the fourth quarter worth about $28,000. Ieq Capital LLC bought a new position in shares of Kearny Financial during the fourth quarter worth about $73,000. Mariner LLC bought a new position in shares of Kearny Financial during the fourth quarter worth about $82,000. Optas LLC bought a new position in shares of Kearny Financial during the fourth quarter worth about $87,000. Finally, Quantbot Technologies LP raised its position in shares of Kearny Financial by 13.1% during the fourth quarter. Quantbot Technologies LP now owns 12,784 shares of the savings and loans company's stock worth $91,000 after acquiring an additional 1,476 shares during the last quarter. 71.01% of the stock is currently owned by institutional investors.

Kearny Financial Trading Up 0.8%

KRNY stock traded up $0.05 during mid-day trading on Tuesday, reaching $6.59. The company's stock had a trading volume of 33,756 shares, compared to its average volume of 375,500. The company has a market cap of $425.58 million, a price-to-earnings ratio of -5.83 and a beta of 0.70. The business's 50 day moving average price is $6.20 and its 200 day moving average price is $6.99. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.69. Kearny Financial Corp. has a 12 month low of $5.31 and a 12 month high of $8.59.

Kearny Financial (NASDAQ:KRNY - Get Free Report) last issued its earnings results on Thursday, April 24th. The savings and loans company reported $0.11 earnings per share for the quarter, hitting analysts' consensus estimates of $0.11. Kearny Financial had a positive return on equity of 3.31% and a negative net margin of 20.05%. The business had revenue of $38.60 million during the quarter, compared to the consensus estimate of $38.71 million.

Kearny Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 21st. Shareholders of record on Wednesday, May 7th will be paid a $0.11 dividend. The ex-dividend date of this dividend is Wednesday, May 7th. This represents a $0.44 dividend on an annualized basis and a yield of 6.68%. Kearny Financial's dividend payout ratio (DPR) is presently -38.60%.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods lowered their target price on Kearny Financial from $7.25 to $7.00 and set a "market perform" rating for the company in a report on Tuesday, April 29th.

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. It offers various deposit products, including interest-bearing and non-interest-bearing checking accounts, money market deposit accounts, savings accounts, and certificates of deposit accounts.