Kearny Financial $KRNY Shares Acquired by Goldman Sachs Group Inc.

Key Points

• Goldman Sachs Group Inc. increased its holdings in Kearny Financial by 8.1%, owning approximately 1.13% of the company worth $4.57 million.
• Kearny Financial reported earnings of $0.11 per share, missing analysts' expectations, with revenues of $40.83 million for the quarter.
• The company announced a quarterly dividend of $0.11 per share, yielding 6.8%, although its payout ratio stands at 104.76%.

Goldman Sachs Group Inc. boosted its stake in shares of Kearny Financial (NASDAQ:KRNY - Free Report) by 8.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 729,773 shares of the savings and loans company's stock after buying an additional 54,606 shares during the period. Goldman Sachs Group Inc. owned 1.13% of Kearny Financial worth $4,568,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Aigen Investment Management LP raised its position in Kearny Financial by 11.1% in the first quarter. Aigen Investment Management LP now owns 18,012 shares of the savings and loans company's stock valued at $113,000 after purchasing an additional 1,803 shares during the period. GAMMA Investing LLC raised its position in Kearny Financial by 119.6% in the first quarter. GAMMA Investing LLC now owns 6,355 shares of the savings and loans company's stock valued at $40,000 after purchasing an additional 3,461 shares during the period. Bank of America Corp DE raised its position 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 purchasing an additional 4,440 shares during the period. Pallas Capital Advisors LLC raised its position in Kearny Financial by 42.0% in the first quarter. Pallas Capital Advisors LLC now owns 16,534 shares of the savings and loans company's stock valued at $104,000 after purchasing an additional 4,893 shares during the period. Finally, ProShare Advisors LLC raised its position in Kearny Financial by 49.0% in the fourth quarter. ProShare Advisors LLC now owns 15,425 shares of the savings and loans company's stock valued at $109,000 after purchasing an additional 5,076 shares during the period. Institutional investors and hedge funds own 71.01% of the company's stock.

Kearny Financial Trading Down 3.3%

NASDAQ:KRNY traded down $0.22 on Friday, reaching $6.52. The company's stock had a trading volume of 927,066 shares, compared to its average volume of 392,326. Kearny Financial has a 12-month low of $5.45 and a 12-month high of $8.59. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.71. The firm has a market cap of $422.17 million, a price-to-earnings ratio of 15.52 and a beta of 0.77. The stock has a 50 day moving average price of $6.35 and a 200 day moving average price of $6.29.

Kearny Financial (NASDAQ:KRNY - Get Free Report) last posted its earnings results on Thursday, July 24th. The savings and loans company reported $0.11 EPS for the quarter, missing analysts' consensus estimates of $0.13 by ($0.02). The business had revenue of $40.83 million during the quarter, compared to analysts' expectations of $41.16 million. Kearny Financial had a net margin of 7.59% and a return on equity of 3.49%.

Kearny Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 26th. Investors of record on Tuesday, August 12th were issued a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 6.7%. The ex-dividend date was Tuesday, August 12th. Kearny Financial's payout ratio is currently 104.76%.

Kearny Financial 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.