Jane Street Group LLC cut its stake in shares of Kearny Financial Corp. (NASDAQ:KRNY - Free Report) by 38.6% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 78,246 shares of the savings and loans company's stock after selling 49,187 shares during the period. Jane Street Group LLC owned approximately 0.12% of Kearny Financial worth $554,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Quarry LP acquired a new position in shares of Kearny Financial in the 4th quarter valued at approximately $28,000. Ieq Capital LLC acquired a new position in shares of Kearny Financial in the 4th quarter valued at approximately $73,000. Mariner LLC acquired a new position in shares of Kearny Financial in the 4th quarter valued at approximately $82,000. Optas LLC acquired a new position in shares of Kearny Financial in the 4th quarter valued at approximately $87,000. Finally, Quantbot Technologies LP raised its position in shares of 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 valued at $91,000 after purchasing an additional 1,476 shares in the last quarter. 71.01% of the stock is owned by institutional investors and hedge funds.
Kearny Financial Stock Performance
Shares of KRNY stock traded down $0.13 on Monday, hitting $5.90. 361,875 shares of the stock traded hands, compared to its average volume of 378,461. 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 company has a market capitalization of $381.02 million, a PE ratio of -5.22 and a beta of 0.70. Kearny Financial Corp. has a 1-year low of $5.31 and a 1-year high of $8.59. The company's fifty day moving average is $6.14 and its 200 day moving average is $6.83.
Kearny Financial (NASDAQ:KRNY - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The savings and loans company reported $0.11 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.11. The business had revenue of $38.60 million for the quarter, compared to analyst estimates of $38.71 million. Kearny Financial had a positive return on equity of 3.31% and a negative net margin of 20.05%.
Kearny Financial Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, May 21st. Investors of record on Wednesday, May 7th were given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 7.46%. The ex-dividend date was Wednesday, May 7th. Kearny Financial's dividend payout ratio is currently -38.60%.
Analyst Upgrades and Downgrades
Separately, Keefe, Bruyette & Woods cut their target price on Kearny Financial from $7.25 to $7.00 and set a "market perform" rating on the stock in a research report on Tuesday, April 29th.
View Our Latest Report on KRNY
About Kearny Financial
(
Free Report)
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.
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