Nuveen Asset Management LLC Trims Stock Position in Kearny Financial Corp. (NASDAQ:KRNY)

Nuveen Asset Management LLC cut its stake in Kearny Financial Corp. (NASDAQ:KRNY - Free Report) by 22.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 153,622 shares of the savings and loans company's stock after selling 44,100 shares during the period. Nuveen Asset Management LLC owned about 0.24% of Kearny Financial worth $1,088,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Barclays PLC boosted its stake in shares of Kearny Financial by 26.1% in the 3rd quarter. Barclays PLC now owns 428,421 shares of the savings and loans company's stock valued at $2,944,000 after buying an additional 88,771 shares during the period. Optas LLC acquired a new stake in Kearny Financial in the fourth quarter valued at approximately $87,000. Empowered Funds LLC raised its holdings in Kearny Financial by 5.0% in the fourth quarter. Empowered Funds LLC now owns 166,738 shares of the savings and loans company's stock valued at $1,181,000 after acquiring an additional 7,983 shares in the last quarter. Ieq Capital LLC purchased a new position in Kearny Financial in the fourth quarter worth approximately $73,000. Finally, Proficio Capital Partners LLC acquired a new position in Kearny Financial during the 4th quarter worth approximately $184,000. 71.01% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods dropped their price objective on shares of 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.

Kearny Financial Stock Up 2.9%

Kearny Financial stock traded up $0.17 during midday trading on Friday, reaching $6.11. The company's stock had a trading volume of 300,812 shares, compared to its average volume of 379,514. The company has a market cap of $394.58 million, a P/E ratio of -5.41 and a beta of 0.70. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.69. The business has a 50-day simple moving average of $6.12 and a 200-day simple moving average of $6.81. Kearny Financial Corp. has a fifty-two week low of $5.31 and a fifty-two week high of $8.59.

Kearny Financial (NASDAQ:KRNY - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The savings and loans company reported $0.11 EPS for the quarter, meeting analysts' consensus estimates of $0.11. The business had revenue of $38.60 million for the quarter, compared to the consensus estimate 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 business also recently declared a quarterly dividend, which was paid on Wednesday, May 21st. Shareholders of record on Wednesday, May 7th were paid a $0.11 dividend. The ex-dividend date was Wednesday, May 7th. This represents a $0.44 annualized dividend and a yield of 7.20%. Kearny Financial's dividend payout ratio is currently -38.60%.

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.