Two Sigma Advisers LP Sells 46,600 Shares of Kearny Financial Corp. (NASDAQ:KRNY)

Two Sigma Advisers LP lowered its position in Kearny Financial Corp. (NASDAQ:KRNY - Free Report) by 11.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 366,775 shares of the savings and loans company's stock after selling 46,600 shares during the quarter. Two Sigma Advisers LP owned approximately 0.57% of Kearny Financial worth $2,597,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Quarry LP purchased a new stake in Kearny Financial in the fourth quarter worth approximately $28,000. Ieq Capital LLC purchased a new stake in Kearny Financial in the fourth quarter worth approximately $73,000. Mariner LLC purchased a new stake in Kearny Financial in the fourth quarter worth approximately $82,000. Optas LLC purchased a new stake in Kearny Financial in the fourth quarter worth approximately $87,000. Finally, Quantbot Technologies LP boosted its stake in Kearny Financial by 13.1% in the fourth 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 in the last quarter. Hedge funds and other institutional investors own 71.01% of the company's stock.

Kearny Financial Trading Down 1.6%

KRNY stock traded down $0.10 during midday trading on Friday, hitting $6.01. The company had a trading volume of 1,452,183 shares, compared to its average volume of 378,211. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.69. Kearny Financial Corp. has a 52 week low of $5.31 and a 52 week high of $8.59. The stock's 50 day moving average price is $6.15 and its 200 day moving average price is $6.87. The stock has a market cap of $388.13 million, a price-to-earnings ratio of -5.32 and a beta of 0.70.

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, meeting the consensus estimate of $0.11. Kearny Financial had a positive return on equity of 3.31% and a negative net margin of 20.05%. The firm had revenue of $38.60 million during the quarter, compared to the consensus estimate of $38.71 million.

Kearny Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 21st. Shareholders of record on Wednesday, May 7th were given a $0.11 dividend. The ex-dividend date of this dividend was Wednesday, May 7th. This represents a $0.44 annualized dividend and a yield of 7.32%. Kearny Financial's payout ratio is currently -38.60%.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods cut their target price on Kearny Financial from $7.25 to $7.00 and set a "market perform" rating for the company in a research note 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.