Strs Ohio Acquires Shares of 80,000 Kearny Financial $KRNY

Key Points

• Strs Ohio has made a new investment by acquiring 80,000 shares of Kearny Financial, valued at approximately $501,000, representing a 0.12% ownership stake.
• Kearny Financial recently reported a quarterly earnings miss, with earnings per share at $0.11, below the consensus estimate of $0.13.
• The company announced a quarterly dividend of $0.11 per share, yielding approximately 6.7%, which brings its annualized dividend payout ratio to 104.76%.

Strs Ohio bought a new position in Kearny Financial (NASDAQ:KRNY - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 80,000 shares of the savings and loans company's stock, valued at approximately $501,000. Strs Ohio owned about 0.12% of Kearny Financial as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of KRNY. Bank of America Corp DE boosted its stake in Kearny Financial by 1.5% during the 4th quarter. Bank of America Corp DE now owns 300,283 shares of the savings and loans company's stock valued at $2,126,000 after purchasing an additional 4,440 shares during the period. Deutsche Bank AG lifted its position in shares of Kearny Financial by 60.2% in the 4th quarter. Deutsche Bank AG now owns 66,893 shares of the savings and loans company's stock valued at $474,000 after acquiring an additional 25,134 shares in the last quarter. Quantinno Capital Management LP lifted its position in shares of Kearny Financial by 40.7% in the 4th quarter. Quantinno Capital Management LP now owns 31,775 shares of the savings and loans company's stock valued at $225,000 after acquiring an additional 9,184 shares in the last quarter. ProShare Advisors LLC increased its stake in Kearny Financial by 49.0% in the 4th quarter. ProShare Advisors LLC now owns 15,425 shares of the savings and loans company's stock valued at $109,000 after buying an additional 5,076 shares during the period. Finally, Mackenzie Financial Corp increased its stake in Kearny Financial by 159.0% in the 4th quarter. Mackenzie Financial Corp now owns 37,187 shares of the savings and loans company's stock valued at $263,000 after buying an additional 22,829 shares during the period. Institutional investors own 71.01% of the company's stock.

Kearny Financial Price Performance

Shares of KRNY remained flat at $6.52 during mid-day trading on Monday. 255,290 shares of the stock traded hands, compared to its average volume of 392,326. The firm's fifty day simple moving average is $6.35 and its two-hundred day simple moving average is $6.28. Kearny Financial has a 52 week low of $5.45 and a 52 week high of $8.59. The firm has a market capitalization of $422.17 million, a PE ratio of 15.52 and a beta of 0.77. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.71.

Kearny Financial (NASDAQ:KRNY - Get Free Report) last released its earnings results on Thursday, July 24th. The savings and loans company reported $0.11 earnings per share for the quarter, missing analysts' consensus estimates of $0.13 by ($0.02). Kearny Financial had a return on equity of 3.49% and a net margin of 7.59%.The firm had revenue of $40.83 million for the quarter, compared to analyst estimates of $41.16 million.

Kearny Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 26th. Investors of record on Tuesday, August 12th were issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 6.7%. The ex-dividend date of this dividend was Tuesday, August 12th. Kearny Financial's dividend payout ratio (DPR) is currently 104.76%.

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.