GSA Capital Partners LLP Boosts Stake in Kearny Financial (NASDAQ:KRNY)

Key Points

• GSA Capital Partners LLP increased its stake in Kearny Financial by 247.5%, acquiring an additional 106,855 shares in the 1st quarter, while owning about 0.23% of the company worth $939,000.
• Kearny Financial reported a missed earnings estimate for the last quarter, posting an EPS of $0.11, which was $0.02 below analysts' expectations.
• The company announced a quarterly dividend of $0.11 per share, representing an annual yield of 7.4%, with a payout ratio of 104.76%.

GSA Capital Partners LLP increased its position in Kearny Financial (NASDAQ:KRNY - Free Report) by 247.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 150,037 shares of the savings and loans company's stock after acquiring an additional 106,855 shares during the period. GSA Capital Partners LLP owned approximately 0.23% of Kearny Financial worth $939,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Quarry LP purchased a new stake in Kearny Financial in the fourth quarter valued at $28,000. GAMMA Investing LLC raised 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 worth $40,000 after acquiring an additional 3,461 shares during the period. Mariner LLC acquired a new position in shares of Kearny Financial in the fourth quarter worth about $82,000. KLP Kapitalforvaltning AS acquired a new position in shares of Kearny Financial in the fourth quarter worth about $94,000. Finally, Pallas Capital Advisors LLC raised its position 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 worth $104,000 after acquiring an additional 4,893 shares during the period. Hedge funds and other institutional investors own 71.01% of the company's stock.

Kearny Financial Price Performance

Shares of Kearny Financial stock traded down $0.02 during trading hours on Monday, reaching $5.83. The stock had a trading volume of 136,330 shares, compared to its average volume of 349,259. Kearny Financial has a twelve month low of $5.45 and a twelve month high of $8.59. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.65. The stock's 50 day moving average is $6.32 and its 200 day moving average is $6.45. The firm has a market capitalization of $376.70 million, a PE ratio of 13.89 and a beta of 0.73.

Kearny Financial (NASDAQ:KRNY - Get Free Report) last released 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 business had revenue of $40.83 million during the quarter, compared to analyst estimates 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 declared a quarterly dividend, which will be paid on Tuesday, August 26th. Stockholders of record on Tuesday, August 12th will be paid a $0.11 dividend. The ex-dividend date of this dividend is Tuesday, August 12th. This represents a $0.44 annualized dividend and a dividend yield of 7.5%. Kearny Financial's dividend payout ratio is 104.76%.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods decreased their price objective on shares of Kearny Financial from $7.25 to $7.00 and set a "market perform" rating for the company in a research 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.