Goldman Sachs Group Inc. Has $4.57 Million Holdings in Kearny Financial $KRNY

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. increased its holdings in shares of Kearny Financial (NASDAQ:KRNY - Free Report) by 8.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 729,773 shares of the savings and loans company's stock after purchasing an additional 54,606 shares during the quarter. Goldman Sachs Group Inc. owned approximately 1.13% of Kearny Financial worth $4,568,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. GAMMA Investing LLC increased its position in shares of 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 acquiring an additional 3,461 shares during the last quarter. State of Wyoming acquired a new position in shares of Kearny Financial during the 1st quarter worth approximately $49,000. Entropy Technologies LP bought a new stake in shares of Kearny Financial during the 1st quarter worth approximately $68,000. TIAA Trust National Association acquired a new stake in shares of Kearny Financial in the 1st quarter valued at approximately $78,000. Finally, Pallas Capital Advisors LLC grew its stake in shares of 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 buying an additional 4,893 shares in the last quarter. 71.01% of the stock is currently owned by institutional investors and hedge funds.

Kearny Financial Price Performance

Shares of KRNY opened at $6.47 on Thursday. The company has a market cap of $418.90 million, a price-to-earnings ratio of 15.41 and a beta of 0.78. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.71. The company's fifty day simple moving average is $6.35 and its 200 day simple moving average is $6.29. Kearny Financial has a 1-year low of $5.45 and a 1-year high of $8.59.

Kearny Financial (NASDAQ:KRNY - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $40.83 million during the quarter, compared to the consensus estimate of $41.16 million. Kearny Financial had a net margin of 7.59% and a return on equity of 3.49%.

Kearny Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 26th. Stockholders of record on Tuesday, August 12th were paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 6.8%. 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.

Want to see what other hedge funds are holding KRNY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kearny Financial (NASDAQ:KRNY - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.