GSA Capital Partners LLP Has $939,000 Stock Holdings 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 lifted its stake in Kearny Financial (NASDAQ:KRNY - Free Report) by 247.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 150,037 shares of the savings and loans company's stock after acquiring an additional 106,855 shares during the quarter. 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.

Other hedge funds have also modified their holdings of the company. GAMMA Investing LLC increased its position in Kearny Financial by 119.6% during the first quarter. GAMMA Investing LLC now owns 6,355 shares of the savings and loans company's stock worth $40,000 after buying an additional 3,461 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in Kearny Financial by 43.7% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 26,828 shares of the savings and loans company's stock valued at $168,000 after acquiring an additional 8,164 shares during the period. JPMorgan Chase & Co. boosted its holdings in Kearny Financial by 33.4% during the fourth quarter. JPMorgan Chase & Co. now owns 319,722 shares of the savings and loans company's stock valued at $2,264,000 after acquiring an additional 80,033 shares during the period. CWM LLC boosted its holdings in Kearny Financial by 35.2% during the first quarter. CWM LLC now owns 55,179 shares of the savings and loans company's stock valued at $345,000 after acquiring an additional 14,377 shares during the period. Finally, Barclays PLC boosted its holdings in Kearny Financial by 6.9% during the fourth quarter. Barclays PLC now owns 458,121 shares of the savings and loans company's stock valued at $3,243,000 after acquiring an additional 29,700 shares during the period. 71.01% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Kearny Financial Stock Performance

Shares of NASDAQ KRNY traded down $0.08 during mid-day trading on Friday, hitting $5.85. The company had a trading volume of 461,276 shares, compared to its average volume of 333,842. The company has a debt-to-equity ratio of 1.65, a current ratio of 1.04 and a quick ratio of 1.04. The business's 50-day simple moving average is $6.32 and its 200-day simple moving average is $6.47. Kearny Financial has a 12 month low of $5.45 and a 12 month high of $8.59. The firm has a market cap of $377.79 million, a P/E ratio of 13.93 and a beta of 0.72.

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

Kearny Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 26th. Stockholders of record on Tuesday, August 12th will be issued a dividend of $0.11 per share. 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 (DPR) is presently 104.76%.

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.