Nuveen Asset Management LLC Has $1.09 Million Stock Holdings in Kearny Financial Corp. (NASDAQ:KRNY)

Nuveen Asset Management LLC reduced its stake in Kearny Financial Corp. (NASDAQ:KRNY - Free Report) by 22.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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 0.24% of Kearny Financial worth $1,088,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Quantbot Technologies LP grew its position in shares of Kearny Financial by 13.1% during the fourth quarter. Quantbot Technologies LP now owns 12,784 shares of the savings and loans company's stock worth $91,000 after acquiring an additional 1,476 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its stake in shares of Kearny Financial by 0.3% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 566,426 shares of the savings and loans company's stock worth $4,010,000 after buying an additional 1,854 shares during the last quarter. First Trust Advisors LP increased its position in Kearny Financial by 6.8% during the 4th quarter. First Trust Advisors LP now owns 41,710 shares of the savings and loans company's stock worth $295,000 after purchasing an additional 2,640 shares in the last quarter. Balyasny Asset Management L.P. increased its position in Kearny Financial by 21.0% during the 4th quarter. Balyasny Asset Management L.P. now owns 22,577 shares of the savings and loans company's stock worth $160,000 after purchasing an additional 3,914 shares in the last quarter. Finally, Quarry LP purchased a new stake in Kearny Financial in the 4th quarter valued at about $28,000. 71.01% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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.

Kearny Financial Stock Performance

Shares of KRNY stock traded up $0.17 during trading on Friday, reaching $6.11. The company had a trading volume of 300,812 shares, compared to its average volume of 379,127. 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 firm's 50 day simple moving average is $6.12 and its two-hundred day simple moving average is $6.78. The company has a market capitalization of $394.58 million, a PE ratio of -5.41 and a beta of 0.70. Kearny Financial Corp. has a one year low of $5.31 and a one year high of $8.59.

Kearny Financial (NASDAQ:KRNY - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The savings and loans company reported $0.11 earnings per share for the quarter, hitting the consensus estimate of $0.11. The company 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 announced a quarterly dividend, which was paid on Wednesday, May 21st. Stockholders of record on Wednesday, May 7th were given a dividend of $0.11 per share. The ex-dividend date was Wednesday, May 7th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 7.20%. Kearny Financial's payout ratio is currently -38.60%.

Kearny Financial Company 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.