Jane Street Group LLC Sells 49,187 Shares of Kearny Financial Corp. (NASDAQ:KRNY)

Jane Street Group LLC lowered its position in Kearny Financial Corp. (NASDAQ:KRNY - Free Report) by 38.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 78,246 shares of the savings and loans company's stock after selling 49,187 shares during the quarter. Jane Street Group LLC owned about 0.12% of Kearny Financial worth $554,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in KRNY. Quarry LP bought a new position in Kearny Financial during the fourth quarter worth about $28,000. Ieq Capital LLC purchased a new stake in shares of Kearny Financial during the 4th quarter valued at approximately $73,000. Mariner LLC purchased a new stake in shares of Kearny Financial during the 4th quarter valued at approximately $82,000. Optas LLC bought a new position in Kearny Financial in the 4th quarter worth approximately $87,000. Finally, Quantbot Technologies LP boosted its holdings in Kearny Financial by 13.1% in the 4th quarter. Quantbot Technologies LP now owns 12,784 shares of the savings and loans company's stock worth $91,000 after buying an additional 1,476 shares during the period. 71.01% of the stock is currently owned by institutional investors.

Kearny Financial Price Performance

Shares of KRNY traded down $0.10 during midday trading on Friday, hitting $6.01. 1,452,183 shares of the company traded hands, compared to its average volume of 378,211. Kearny Financial Corp. has a one year low of $5.31 and a one year high of $8.59. The firm has a market cap of $388.13 million, a P/E ratio of -5.32 and a beta of 0.70. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.04 and a quick ratio of 1.04. The stock has a 50-day moving average of $6.15 and a 200-day moving average of $6.87.

Kearny Financial (NASDAQ:KRNY - Get Free Report) last posted its earnings results on Thursday, April 24th. The savings and loans company reported $0.11 earnings per share for the quarter, hitting analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $38.71 million.

Kearny Financial Dividend Announcement

The firm also recently disclosed 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 was Wednesday, May 7th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 7.32%. Kearny Financial's dividend payout ratio (DPR) is presently -38.60%.

Analysts Set New Price Targets

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 report on Tuesday, April 29th.

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.