Kearny Financial Corp. (NASDAQ:KRNY) Shares Sold by Millennium Management LLC

Millennium Management LLC lessened its holdings in shares of Kearny Financial Corp. (NASDAQ:KRNY - Free Report) by 51.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 433,538 shares of the savings and loans company's stock after selling 467,875 shares during the period. Millennium Management LLC owned approximately 0.67% of Kearny Financial worth $3,069,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Quarry LP purchased a new position in Kearny Financial in the 4th quarter valued at approximately $28,000. Ieq Capital LLC purchased a new position in Kearny Financial during the fourth quarter worth about $73,000. Mariner LLC purchased a new stake in Kearny Financial in the fourth quarter valued at approximately $82,000. Optas LLC acquired a new stake in shares of Kearny Financial during the 4th quarter worth $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 worth $91,000 after buying an additional 1,476 shares during the period. 71.01% of the stock is owned by institutional investors and hedge funds.

Kearny Financial Stock Down 1.6%

Kearny Financial stock traded down $0.10 during trading on Wednesday, reaching $5.97. 369,922 shares of the company's stock were exchanged, compared to its average volume of 379,652. Kearny Financial Corp. has a 52-week low of $5.31 and a 52-week high of $8.59. The firm has a market cap of $385.54 million, a price-to-earnings ratio of -5.28 and a beta of 0.70. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.04 and a current ratio of 1.04. The company's 50-day moving average is $6.12 and its two-hundred day moving average is $6.82.

Kearny Financial (NASDAQ:KRNY - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The savings and loans company reported $0.11 EPS for the quarter, hitting analysts' consensus estimates of $0.11. Kearny Financial had a positive return on equity of 3.31% and a negative net margin of 20.05%. The company had revenue of $38.60 million for the quarter, compared to analysts' expectations of $38.71 million.

Kearny Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 21st. Shareholders of record on Wednesday, May 7th were issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 7.37%. The ex-dividend date of this dividend was Wednesday, May 7th. Kearny Financial's dividend payout ratio is presently -38.60%.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods lowered their price target on 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 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.