D. E. Shaw & Co. Inc. Sells 134,666 Shares of Kearny Financial Corp. (NASDAQ:KRNY)

D. E. Shaw & Co. Inc. decreased its holdings in shares of Kearny Financial Corp. (NASDAQ:KRNY - Free Report) by 65.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 70,537 shares of the savings and loans company's stock after selling 134,666 shares during the quarter. D. E. Shaw & Co. Inc. owned about 0.11% of Kearny Financial worth $499,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Quantbot Technologies LP grew its holdings 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 purchasing an additional 1,476 shares during the last quarter. First Trust Advisors LP boosted its holdings in Kearny Financial by 6.8% in the fourth quarter. First Trust Advisors LP now owns 41,710 shares of the savings and loans company's stock valued at $295,000 after acquiring an additional 2,640 shares during the last quarter. Balyasny Asset Management L.P. boosted its holdings in Kearny Financial by 21.0% in the fourth quarter. Balyasny Asset Management L.P. now owns 22,577 shares of the savings and loans company's stock valued at $160,000 after acquiring an additional 3,914 shares during the last quarter. Quarry LP bought a new position in Kearny Financial in the fourth quarter valued at about $28,000. Finally, Bank of America Corp DE boosted its holdings in Kearny Financial by 1.5% in the fourth quarter. Bank of America Corp DE now owns 300,283 shares of the savings and loans company's stock valued at $2,126,000 after acquiring an additional 4,440 shares during the last quarter. 71.01% of the stock is currently owned by institutional investors and hedge funds.

Kearny Financial Stock Up 0.4%

KRNY stock traded up $0.03 during mid-day trading on Thursday, reaching $6.09. The company had a trading volume of 249,253 shares, compared to its average volume of 373,107. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.04 and a quick ratio of 1.04. Kearny Financial Corp. has a 52 week low of $5.31 and a 52 week high of $8.59. The stock has a 50 day simple moving average of $6.16 and a two-hundred day simple moving average of $6.90. The company has a market capitalization of $392.97 million, a price-to-earnings ratio of -5.38 and a beta of 0.70.

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

Kearny Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 21st. Stockholders of record on Wednesday, May 7th were issued a dividend of $0.11 per share. The ex-dividend date was Wednesday, May 7th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 7.23%. Kearny Financial's dividend payout ratio (DPR) is currently -38.60%.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods decreased their price target on Kearny Financial from $7.25 to $7.00 and set a "market perform" rating on the stock 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.