D. E. Shaw & Co. Inc. Has $499,000 Holdings in Kearny Financial Corp. (NASDAQ:KRNY)

D. E. Shaw & Co. Inc. reduced its holdings in 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 and Exchange Commission. The institutional investor owned 70,537 shares of the savings and loans company's stock after selling 134,666 shares during the period. D. E. Shaw & Co. Inc. owned about 0.11% of Kearny Financial worth $499,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Deutsche Bank AG increased its stake in shares of Kearny Financial by 60.2% in the fourth quarter. Deutsche Bank AG now owns 66,893 shares of the savings and loans company's stock worth $474,000 after acquiring an additional 25,134 shares during the last quarter. Cubist Systematic Strategies LLC raised its stake in shares of Kearny Financial by 9.8% during the 4th quarter. Cubist Systematic Strategies LLC now owns 198,608 shares of the savings and loans company's stock worth $1,406,000 after purchasing an additional 17,660 shares in the last quarter. Bridgeway Capital Management LLC lifted its holdings in shares of Kearny Financial by 3.3% during the 4th quarter. Bridgeway Capital Management LLC now owns 253,200 shares of the savings and loans company's stock valued at $1,793,000 after buying an additional 7,983 shares during the last quarter. Balyasny Asset Management L.P. grew its stake in shares of Kearny Financial by 21.0% in the 4th quarter. Balyasny Asset Management L.P. now owns 22,577 shares of the savings and loans company's stock valued at $160,000 after buying an additional 3,914 shares in the last quarter. Finally, Bank of America Corp DE increased 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 worth $2,126,000 after buying an additional 4,440 shares during the last quarter. 71.01% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Kearny Financial Stock Performance

Shares of Kearny Financial stock traded down $0.10 during midday trading on Friday, hitting $6.02. The company had a trading volume of 76,883 shares, compared to its average volume of 372,713. The stock has a market cap of $388.45 million, a PE ratio of -5.31 and a beta of 0.70. Kearny Financial Corp. has a 1-year low of $5.31 and a 1-year high of $8.59. The business's 50 day simple moving average is $6.16 and its two-hundred day simple moving average is $6.89. 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 (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 the consensus estimate of $0.11. Kearny Financial had a negative net margin of 20.05% and a positive return on equity of 3.31%. The business had revenue of $38.60 million during the quarter, compared to analysts' expectations of $38.71 million.

Kearny Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 21st. Investors of record on Wednesday, May 7th were given a $0.11 dividend. The ex-dividend date of this dividend was Wednesday, May 7th. This represents a $0.44 annualized dividend and a yield of 7.32%. Kearny Financial's dividend payout ratio (DPR) is currently -38.60%.

About Kearny Financial

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.